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Our Bureau

New Delhi , March 12

CREDIT rating agency ICRA Ltd has assigned a CR2 grading to BE Billimoria and Company that indicates strong project execution capability.

The rating is based on the company's ability to complete projects on time without cost overruns and pay liquidated damages for non-conformation. The rating, however, is one notch below CR1 level, which is the highest possible, an ICRA release said here.

"The grading assigned to Billimoria and Company takes into account the company's operations spanning five decades and its demonstrated capability and healthy track record in implementing a large number of building projects involving compliance with stringent time and quality parameters," the release said.

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