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Entity-Specific Rating Rationales

25 Feb 2025

National Projects Construction Corporation Limited: Ratings reaffirmed and removed from Issuer Non-Cooperating category

National Projects Construction Corporation Limited: Ratings reaffirmed and removed from Issuer Non-Cooperating category

26 Jul 2024

National Projects Construction Corporation Limited: Moved to Non-Cooperating category; ratings downgraded based on best available information

National Projects Construction Corporation Limited: Moved to Non-Cooperating category; ratings downgraded based on best available information

29 Aug 2023

National Projects Construction Corporation Limited: Ratings reaffirmed

National Projects Construction Corporation Limited: Ratings reaffirmed

09 May 2022

National Projects Construction Corporation Limited: Ratings reaffirmed

National Projects Construction Corporation Limited: Ratings reaffirmed

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Entity-Specific Credit Perspective Reports

21 Mar 2025

National Projects Construction Corporation Limited

National Projects Construction Corporation Limited (Non-SF)

27 Sep 2023

National Projects Construction Corporation Limited

National Projects Construction Corporation Limited (Non-SF)

30 May 2022

National Projects Construction Corporation Limited

National Projects Construction Corporation Limited (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Non-Fund Based Limit [ICRA]A2 -- [ICRA]BBB+(Stable) --

Our Analysts

Analyst 1

Devansh Jain

Analyst 2

Manish Pathak

Sector Head

Ashish Modani
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