Vikran Engineering Limited has announced an upgradation in its credit rating by Infomerics Valuation and Rating Limited. The revised rating for Long Term Bank Facilities of ₹140.40 crore is now IVR A-/Stable, an improvement from the previous IVR BBB+/Stable. For Long Term/Short Term Bank Facilities amounting to ₹280.00 crore, the rating has been revised to IVR A-/Stable/IVR A2+, from IVR BBB+/Stable/IVR A2. Additionally, the Short Term Bank Facilities of ₹40 crore have been upgraded to IVR A2+, from IVR A2. Infomerics cited improved scale of operations, a substantial increase in the order book, experienced promoters, a comfortable capital structure, and a stable demand outlook for the industry as key reasons for the rating upgrade. The detailed rating rationale is available on Infomerics' website.