Runaya private limited Latest English news | Runaya private limited Online News in English at Lokmattimes.com

CRISIL Rating announced that it has assigned a long-term rating of CRISIL BBB+/Positive to Runaya Private Limited (RPL) while assigning a short-term rating of CRISIL A2.As per CRISIL, the rating reflects high revenue visibility due to the presence of the long-term supplier and customer contracts, strong financial flexibility, and the expectation of healthy return ratios driven by strong performance and efficient working capital management.The positive outlook reflects the expectation that Runaya will sustain the ramp-up in revenue while also improving its operating margins, which could subsequently result in a rating upgrade. CRISIL also expects the return ratios to be robust due to healthy profit.Naivedya Agarwal, Co-founder, Runaya, said, "With the advent of the 5G revolution, we see double-digit exponential growth in demand for FRP Rods both in India and globally. We have set up an Innovation Cell at our plant, with a focus on value-added products, as well as on digitization and artificial intelligence for enhancing productivity, quality, and safety parameters. We are pleased to receive the Crisil BBB+ / Positive rating, which is a validation of the strength of our business."Runaya's vision is to deploy cutting-edge technology to enable innovation, sustainability and efficiency improvement in the natural resources industry. Founded by Naivedya and Annanya Agarwal (sons of Vedanta Limited Vice-Chairman Navin Agarwal), the key focus is on executing projects that enable a circular economy and promote the concept of waste to wealth. In addition to ground support products, Runaya's portfolio includes sustainability solutions for the aluminium industry, minor metals recovery, gas atomized metallurgical powders and other semi-finished products for the telecommunication cable and steel industries. Please visit for more.This story is provided by PNN.will not be responsible in any way for the content of this article. (ANI/PNN)( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Ahmedabad Plane Crash

Pune Bridge Collapse

Maharashtra News

Mumbai Local

Weather Update

Mumbai Rains

Runaya Private Limited, NewsFOLLOW

Runaya private limited, Latest News

Business :Runaya receives Crisil BBB+ / Positive Rating: highest credit rating in its sector

CRISIL Rating announced that it has assigned a long-term rating of CRISIL BBB+/Positive to Runaya Private Limited (RPL) while assigning a short-term rating of CRISIL A2. ...