Globe Civil Projects Limited (GCPL) has announced that Infomerics Valuation and Ratings Private Limited has withdrawn the ratings assigned to the company's bank facilities. The facilities, totaling ₹110 crore, included Long Term Bank Facilities of ₹26 crore and Short Term Bank Facilities of ₹84 crore. Infomerics upgraded the ratings to IVR BBB+/Stable/A2 before withdrawing them, citing GCPL's request and no-objection certificates from lenders Canara Bank, ICICI Bank, and Kotak Mahindra Bank. The upgrade was supported by an improvement in revenue in 9MFY26, a robust order book, and strengthened capital structure post-IPO in July 2025. The company reported revenue growth of approximately 8% to ₹246.01 crore in 9MFY26. Its order book stood at approximately ₹870 crore as of December 31, 2025, with an execution timeline of 18-30 months. The company's tangible net worth increased significantly to ₹224.80 crore as of September 30, 2025, following the IPO proceeds.
