Energy Infrastructure Trust has received a credit rating reaffirmation of 'CARE AAA; Stable' from CARE Ratings Limited. The rating applies to the Trust's issuer rating, indicating the highest degree of safety regarding timely servicing of financial obligations.
Om Power Transmission Limited announced that CRISIL Ratings has upgraded its credit ratings. Long-term ratings for ₹200 Crore facilities improved to CRISIL BBB+/Stable from CRISIL BBB/Stable, while short-term ratings rose to CRISIL A2 from CRISIL A3+. These upgrades reflect an improved credit profile and financial stability for the company.
CRISIL has reaffirmed Menon Bearings Limited's credit ratings at 'CRISIL BBB+/Stable' for long-term and 'CRISIL A2' for short-term facilities. The ratings apply to bank loan facilities totaling ₹20.96 Crore, reflecting the company's established market position and comfortable financial profile.
MSTC Limited announced that Acuite Ratings & Research Limited has reaffirmed its credit ratings for bank facilities totaling ₹110 Crore. The long-term rating is ACUITE A+ (Stable) and the short-term rating is ACUITE A1+.
EMS Limited announced that CRISIL Ratings has reaffirmed its 'Crisil A-/Stable' long-term and 'Crisil A2+' short-term ratings. The rated bank loan facilities were enhanced to ₹660 Crore from ₹625 Crore. This rating action reflects the company's sustained creditworthiness and supports its expanded borrowing capacity for operational requirements.
Shree Cement Limited announced that CRISIL Ratings Limited has reaffirmed its 'Crisil A1+' credit rating for the company's ₹1,000 Crore Commercial Paper program. The reaffirmation reflects the company's strong credit profile and financial stability.
Meghmani Organics Limited has received a credit rating update from CRISIL for its ₹1094 Crore bank facilities. While ratings were reaffirmed at 'CRISIL A' and 'CRISIL A1', the long-term outlook was revised from 'Stable' to 'Negative'.
Rama Phosphates Limited announced that ICRA has revised credit ratings for its bank facilities totalling ₹168 Crore. Ratings for long-term and short-term limits are placed on watch with negative implications. The revision follows an increase in the rated amount from ₹136 Crore to ₹168 Crore.
Adani Energy Solutions Limited announced that ICRA Limited has assigned a 'AA+ (Stable)' rating to its long-term fund-based proposed limits and reaffirmed its 'A1+' rating for commercial paper. The ratings reflect the company's creditworthiness and stable outlook.
Trualt Bioenergy Limited received credit ratings from India Ratings & Research for its ₹1,766 Crore bank facilities. The agency assigned an 'IND A-/Stable' rating for long-term facilities and 'IND A2+' for short-term facilities. The rating reflects the company's strong market position as India's largest cane-based distillery.
AVP Infracon Limited's credit rating was upgraded to ACUITE BBB+/Stable (Long-term) and ACUITE A2 (Short-term) by Acuite Ratings. The upgrade reflects significant revenue growth in FY2025 and a healthy order book of ₹446.77 Crore. Total rated bank facilities amount to ₹225 Crore, signaling improved financial stability and operational performance.
H.G. Infra Engineering Limited received a credit rating update from ICRA Limited for total facilities worth ₹5,600 Crore. ICRA reaffirmed [ICRA]AA-(Positive) and [ICRA]A1+ ratings and assigned them to enhanced amounts. This reaffirmation and positive outlook signal strong creditworthiness and operational stability.
Tata Consumer Products Limited received a credit rating reaffirmation from ICRA Limited for instruments totalling ₹2,350 Crore. The company's long-term and short-term bank facilities were reaffirmed at [ICRA] AAA (Stable) and [ICRA] A1+ respectively, while Commercial Papers were reaffirmed at [ICRA] A1+, reflecting strong financial stability.
Sterling and Wilson Renewable Energy Limited's credit ratings were reaffirmed at IVR BBB+/Negative for long-term and IVR A2 for short-term facilities totaling ₹6465.21 Crore. The Negative outlook reflects moderated operating performance and PAT-level losses during 1HFY26.
Petronet LNG Limited received a new 'ICRA AAA (Stable)' credit rating from ICRA Limited for its Rs. 12,000 Crore Rupee Term Loan. Additionally, ICRA reaffirmed existing ratings of 'ICRA AAA (Stable)' and 'ICRA A1+' for various bank credit limits totaling Rs. 15,000 Crores, reflecting the company's strong creditworthiness.
India Ratings & Research has revised the credit rating outlook for CCL Products (India) Limited to 'Stable' from 'Negative' for its INR 1,176 Crore bank facilities. The agency also affirmed the long-term rating at 'IND AA-'. The revision reflects steady capacity ramp-ups and improving EBITDA margins.
Lumax Industries Limited received a credit rating upgrade from ICRA Limited for bank facilities totalling ₹1,502.93 Crore. Long-term ratings were upgraded to ICRA AA- (Stable) from ICRA A+, while short-term ratings improved to ICRA A1+ from ICRA A1, reflecting the company's strengthened financial profile.
Pitti Engineering Limited received credit rating updates from India Ratings & Research. A new ₹527 Crore facility was assigned an IND AA-/Stable/IND A1+ rating, while an existing ₹1,014.97 Crore facility had the same rating affirmed.
Current Infraprojects Limited has been assigned credit ratings by Crisil Ratings for its Rs.50 Crore bank facilities. The agency assigned a 'Crisil BBB-/Stable' rating for long-term facilities and 'Crisil A3' for short-term facilities, reflecting the company's creditworthiness and stable outlook.
Aavas Financiers Limited announced that ICRA Limited has assigned a final credit rating of [ICRA]AAA(SO) to Series A1 PTCs worth ₹495.61 Crore. These certificates were issued by Prime Home Loan Trust V and are backed by home loan receivables. This final rating confirms the earlier provisional assignment.
India Ratings (Ind-Ra) has placed Jaiprakash Power Ventures Limited's ₹500 Crore bank loan facilities on Rating Watch with Developing Implications. Previously rated IND A2+, the watch indicates the rating could be upgraded, affirmed, or downgraded pending a full analysis of recently received information.
India Ratings and Research has affirmed Rashtriya Chemicals and Fertilizers Limited's credit rating for its ₹1200 Crore Non-Convertible Debentures at 'IND AA' with a Stable outlook. The affirmation reflects RCF's strong market position and strategic importance to the government.
Rashtriya Chemicals and Fertilizers Limited announced that credit rating agencies ICRA and India Ratings have affirmed the 'AA/Stable' rating for its ₹1200 Crore Non-Convertible Debentures. This affirmation reflects the company's strong market position in the fertiliser segment and continued government support.
India Ratings & Research upgraded Varroc Engineering Limited's long-term bank facility rating to IND AA+/Stable and affirmed IND A1+. Ratings for Commercial Paper were affirmed at IND A1+, while NCD ratings were withdrawn following full repayment. The upgrades reflect the company's improved credit profile and absence of outstanding debenture obligations.
CRISIL upgraded Minda Corporation Limited's long-term credit rating from CRISIL AA-/Positive to CRISIL AA/Stable. The short-term rating was reaffirmed at CRISIL A1+. Additionally, its wholly-owned subsidiary, Minda Instruments Limited, saw its long-term rating upgraded to CRISIL AA/Stable, reflecting improved creditworthiness and financial stability for the group.
CRISIL Ratings has revised the outlook on Sheela Foam Limited's Rs.163.27 Crore bank facilities from 'Stable' to 'Positive' while reaffirming the 'CRISIL AA-' rating. This upgrade reflects improved creditworthiness and strong financial performance expectations for the mattress manufacturer.
Ratnaveer Precision Engineering Limited's credit ratings have been upgraded by Infomerics. Long-term bank facilities (₹388.47 Crore) improved from IVR BBB+/Positive to IVR A-/Stable, and short-term facilities moved from IVR A2 to IVR A2+. This upgrade reflects improved operational and financial performance for FY2025 and 9MFY26.
Asian Energy Services Limited announced that India Ratings & Research has withdrawn the ratings for its ₹125.0 Crore bank loan facilities. This voluntary withdrawal follows a no-objection certificate from lenders. The company's ratings from CRISIL Ratings Limited remain in force as per previous intimations.
Amarjothi Spinning Mills Limited has received a credit rating from CRISIL Ratings for its Rs.55 Crore bank facilities. The agency assigned a 'CRISIL BBB+/Stable' rating for the company's long-term bank facilities, reflecting its creditworthiness and stable outlook.
NCL Industries Limited announced that CRISIL has renewed its credit ratings. The company's Rs. 561.00 Crore bank facilities and Rs. 100.00 Crore fixed deposits received 'CRISIL A / Stable' and 'CRISIL A1' ratings, reflecting stable creditworthiness.