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Press Release - CARE’s Ratings

1 CARE Ratings limited Press Release G R infraprojects limited (Revised) January 5, 2018 Ratings Facilities Amount (Rs. crore) Rating1 Rating Action Long-term Bank Facilities CARE AA-; Positive (Double A Minus; Outlook: Positive) Revised from CARE AA-; Stable (Double A Minus; Outlook: Stable) Long-term/ Short-term Bank Facilities 1, CARE AA-; Positive / CARE A1+ (Double A Minus; Outlook: Positive / A One Plus) Revised from CARE AA-; Stable / CARE A1+ (Double A Minus; Outlook: Stable / A One Plus) Total Facilities 1, (Rupees One Thousand Nine Hundred Sixty Four Crore and Fifty Eight Lakh Only) Non-Convertible Debenture Issue 1 (NCD I) Tranche 1* (Rs.)

1 CARE Ratings Limited Press Release G R Infraprojects Limited (Revised) January 5, 2018 Ratings Facilities Amount (Rs. crore) Rating1 Rating Action Long-term Bank Facilities 164.58 CARE AA-; Positive

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