ICRA An Affiliate of Moody's

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ICRA Limited is an Independent and professional investment information & Credit Rating Agency.
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Ratings
Ratings

As an early entrant in the Credit Rating business, ICRA Limited (ICRA) is one of the most experienced Credit Rating
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Rating Rationales

GIC Housing Finance Limited: [ICRA]AA+ (Stable) assigned to NCD programme; ratings reaffirmed for other instruments 10 Oct 2025

Goodricke Group Limited: Ratings reaffirmed 10 Oct 2025

Pinnacle Biomed Private Limited: Ratings reaffirmed; Removed from Issuer Not Cooperating Category 10 Oct 2025
Research
ICRA Research

ICRA industry research provides unique research offering for 60+ sectors in India wherein 250+ Ratings analysts
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Structured Finance
Special Comments

Actual SGS issuance in Q3 FY2026 could modestly exceed the indicated Rs. 2.8 trillion 06 Oct 2025

Monthly Research Compendium 06 Oct 2025

Above-normal SW Monsoon rainfall, healthy kharif sowing, upbeat rabi outlook to augur well for agri-GVA growth 03 Oct 2025
Most Trending Reports

Persistent asset quality challenges to dampen profitability and growth expectations in FY2026 29 Aug 2025

NBFCs hit the slow lane as demand tapers 31 Jul 2025

HFCs holding ground: Growth intact but margins under watch; sectoral performance to remain Stable 31 Jul 2025
Credit Perspective
About Credit Perspective Reports

ICRA industry research provides unique research offering for 60+ sectors in India wherein 250+ Ratings analysts
Know more
Special Comments

Actual SGS issuance in Q3 FY2026 could modestly exceed the indicated Rs. 2.8 trillion 06 Oct 2025

Monthly Research Compendium 06 Oct 2025

Above-normal SW Monsoon rainfall, healthy kharif sowing, upbeat rabi outlook to augur well for agri-GVA growth 03 Oct 2025
Most Trending Research

Persistent asset quality challenges to dampen profitability and growth expectations in FY2026 29 Aug 2025

NBFCs hit the slow lane as demand tapers 31 Jul 2025

HFCs holding ground: Growth intact but margins under watch; sectoral performance to remain Stable 31 Jul 2025
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What's in the news?

Apr-Sep steel imports slump, but India still net buyer - Mint 09 October 2025

Power Giants Hot Up Thermal Plans with Over Rs 5.5 L cr spends - The Economic Times 09 October 2025

Power Giants Hot Up Thermal Plans with Over Rs 5.5 L cr spends - The Economic Times 09 October 2025
Contact Us

VRC Constructions (India) Limited

Sector : Construction Sub Sectors : Civil Construction

10 Oct 2025 VRC Constructions (India) Limited: VRC Constructions (India) Limited-CPR-10102025

Home Credit Perspective Reports VRC Constructions (India) Limited

Entity-Specific Rating Rationales

17 Sep 2025

VRC Constructions (India) Limited: Ratings reaffirmed; outlook revised to Positive from Stable

21 Jun 2024

VRC Constructions (India) Private Limited: Ratings reaffirmed

24 Mar 2023

VRC Constructions (India) Private Limited: Ratings reaffirmed

Entity-Specific Credit Perspective Reports

10 Oct 2025

VRC Constructions (India) Limited

VRC Constructions (India) Limited (Non-SF)

17 Jul 2024

VRC Constructions (India) Limited

VRC Constructions (India) Limited (Non-SF)

27 Apr 2023

VRC Constructions (India) Limited

VRC Constructions (India) Limited (Non-SF)

Ratings

Description	Short Term	Medium Term	Long Term	Issuer
Cash Credit	--	--	[ICRA]A(Positive)	--
Bank Guarantee	[ICRA]A2+	--	[ICRA]A(Positive)	--

Our Analysts

Analyst 1

Mrinal Jain

1244545845
mrinal.jain@icraindia.com

Analyst 2

Ritu Goswami

+91 124 4545826
ritu.goswami@icraindia.com

Sector Head

Ashish Modani

898389 2332
ashish.modani@icraindia.com

Most Trending Research Reports

Rating Rationales

Webinars

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Credit Quality Trends and Performance of ICRA-Assigned Ratings in H1 FY2026

Mr. K Ravichandran,Mr. Pratik Singhania

01 Oct 2025 04:00 PM

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The Indian Pharmaceutical Industry- Industry at a Crossroads: Navigating Global Challenges and Local Opportunities

Ms. Kinjal Shah,Mr. Deepak Jotwani

18 Sep 2025 04:00 PM

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PPT

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Podcast

How India’s Data Center Capacity is Doubling by 2028 | Abhishek Lahoti | ICRA

Oct 2025

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