Fitch Rating has assigned a rating of `AAA (ind)/F1+ (ind)` to Bharat Heavy Electricals (BHEL) Rs 100 billion non- fund-based additional bank facilities.

BHEL is a public sector company in India engaged in the manufacture and erection of power generation equipment for thermal, nuclear, hydro-electric and diesel-based power plants, as well as a range of engineering products for the industry.

Fitch has affirmed the existing ratings of BHEL (Q,N,C,F)* as follows:

- National Long-term Issuer rating of ` AAA (ind) ` with a Stable Outlook.

- Fund-based working capital bank loans aggregating Rs 1 billion: National Long-term rating of ` AAA (ind) `

- Non-fund-based working capital banking lines of Rs 200 billion: National Long-term rating of ` AAA (ind) ` and National Short-term rating of ` F1+(ind) `

Shares of the company gained Rs 77.65, or 4.77%, to end at Rs 1706.55. The total volume of shares traded was 371,710 at the BSE (Friday).