Filter announcements
Loading...
Ganesh Infraworld Limited is a construction company providing construction-related services
Ganesh Infraworld's subsidiary, Tykoon Mines GK, received an upgraded credit rating from Crisil. Long-term rating improved to BBB-/Stable and short-term to A3 for Rs. 250 Cr bank facilities, enhanced from Rs. 61 Cr, signaling stronger creditworthiness.
Ganesh Infraworld's subsidiary, Tykoon Mines, secured a Crisil BBB-/Stable rating for its Rs. 150 Cr Non-Convertible Debentures. This signifies moderate safety for timely financial obligations, indicating moderate credit risk.
Ganesh Infraworld received NSE approval for listing 10.5 lakh new equity shares (₹5 FV), issued from warrant conversions. This expands the company's equity base and increases the total shares available for trading.
Ganesh Infraworld confirms an ED search at its premises was linked to a former firm and other entities, not the company itself. Operations and financials remain unaffected, with no assets seized. The company fully cooperated.
Ganesh Infraworld's subsidiary emerged as L1 bidder for a CCL mine project worth ₹453.16 Cr, with a 5-year execution period. While not a final award, this signals a significant business development, with expected margins in line with current projects.