India Ratings & Research (Ind-Ra) has withdrawn Sunil Hitech Engineers (SHEL) 'BBB+(suspended)' long-term issuer rating.

The ratings have been withdrawn due to lack of adequate information. Ind-Ra will no longer provide ratings or analytical coverage for SHEL.

SHEL's ratings:

Long-term issuer rating: 'BBB+(suspended)'; rating withdrawn
Rs 166.8 million term loans: 'BBB+(suspended)'; rating withdrawn
Rs 2,050 million fund-based limits: 'BBB+(suspended)'; rating withdrawn
Rs 4,700 million non-fund-based limits: 'A2+(suspended)'; rating withdrawn

Shares of the company gained Rs 0.2, or 0.26%, to trade at Rs 76.05. The total volume of shares traded was 5,075 at the BSE (12.18 p.m., Wednesday).