EPC company's long-term facilities upgraded to BBB+ from BBB, reflecting improved business performance and financial discipline.
22 Sep 2025 | 2421 Views | By Shristi Ohri
Ganesh Infraworld Limited announced on September 22, 2025, that Infomerics Valuation and Rating Pvt. Ltd. has upgraded the company's credit ratings. The Mumbai-based infrastructure firm's long-term bank facilities worth ₹127 crore have been upgraded to IVR BBB+/Stable from IVR BBB/Stable, while short-term facilities of ₹3 crore moved to IVR A2 ...
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Ganesh Infraworld Limited announced on September 22, 2025, that Infomerics Valuation and Rating Pvt. Ltd. has upgraded the company's credit ratings. The Mumbai-based infrastructure firm's long-term bank facilities worth ₹127 crore have been upgraded to IVR BBB+/Stable from IVR BBB/Stable, while short-term facilities of ₹3 crore moved to IVR A2 from IVR A3+.
The rating agency cited several factors for the upgrade, including improved business performance driven by higher revenues and a strong order book. Infomerics also noted the company's sound financial risk profile, efficient working capital management, and operational execution in a competitive market environment.
The upgrade affects Ganesh Infraworld's total rated facilities of ₹130 crore. The enhanced ratings are expected to provide the company with better access to banking facilities at competitive terms and increased financial flexibility for expansion projects.
Vibhoar Agrawal, Founder and Chairman Managing Director of Ganesh Infraworld, described the upgrade as validation of the company's financial strength and operational performance. He stated that the improved rating would reinforce credibility with lenders and position the company to pursue larger infrastructure opportunities.
Ganesh Infraworld operates as an engineering, procurement, and construction company across multiple Indian states, including West Bengal, Rajasthan, Uttar Pradesh, Maharashtra, and others. Established in 2017, the company works on infrastructure projects ranging from industrial civil works and warehouses to electrical engineering and water development projects.
The company has completed notable projects including a powder coating plant in Kharagpur, power substations, and over 100 kilometers of underground electrical cabling. It has also secured contracts under the Government of India's Jal Jeevan Mission for water infrastructure development.
Financial performance has shown growth, with revenue reaching ₹180.7 crore in the first quarter of fiscal year 2026. The Rating Committee based its decision on a review of the company's audited financials for fiscal years 2024 and 2025.