Standard Engineering Technology Ltd has received a credit rating upgrade from CRISIL, with their long-term rating now at 'Crisil A Positive'. The short-term rating remains unchanged at 'Crisil A1', indicating a positive outlook for the company's financial standing.

Standard Engg has been issued a GST notice of approximately INR 3.2 crores for the financial year 2019-20, due to discrepancies between declared taxable values and E-way bills. The company intends to file an appeal to contest this demand.