CareEdge upgraded credit ratings of Bharat Wire Ropes says
– Company is doing debottlenecking capex of 50 cr which will increase capacity utilization
– The company also received subsidy worth ₹40 crore in FY24
and ₹14 crore in the current year, 50% of which, has been utilised towards prepayments of the term loans (per resolution plan).
– As of March 31, 2024, the company has a total PSI subsidy receivable of around ₹95 crore FinancialNews #StockMarket #Trading CareEdge upgraded credit ratings of Bharat Wire Ropes says
– Company is doing debottlenecking capex of 50 cr which will increase capacity utilization
– The company also received subsidy worth ₹40 crore in FY24
and ₹14 crore in the current year, 50% of which, has been utilised towards prepayments of the term loans (per resolution plan).
– As of March 31, 2024, the company has a total PSI subsidy receivable of around ₹95 crore FinancialNews #StockMarket #Trading
