Privi Speciality Chemicals Limited announced that CRISIL Ratings has reaffirmed its ratings for ₹1,118 Crore of bank facilities. The long-term rating is reaffirmed at 'CRISIL AA-/Stable' and the short-term rating at 'CRISIL A1+'. These ratings reflect the company's stable credit profile and strong ability to meet financial obligations.
Laxmi India Finance Limited received a credit rating upgrade to 'ACUITE A (Stable)' from Acuite Ratings & Research Limited. The company reported a 27.34% YoY growth in AUM to ₹1,626.26 Crore and expanded its branch network to 176. These updates reflect a strengthened credit profile and continued geographic expansion into Maharashtra.
Vibhor Steel Tubes Limited received a credit rating reaffirmation from CRISIL for enhanced bank facilities totaling ₹370 Crore. Long-term facilities were reaffirmed at 'CRISIL BBB+/Stable' and short-term facilities at 'CRISIL A2'.
The New India Assurance Company Limited received a rating reaffirmation of 'CRISIL AAA/Stable' from CRISIL Ratings. The rating indicates the highest degree of safety regarding timely servicing of debt obligations and carry the lowest credit risk. This top-tier rating reflects the company's strong financial position and creditworthiness in the Indian insurance market.
India Ratings and Research has assigned a rating of 'IND BBB-/Stable' to Purple Finance Limited's additional ₹50 Crore NCDs and affirmed existing ratings for ₹50 Crore NCDs and ₹125 Crore bank facilities. The ratings reflect adequate capitalization and experienced leadership, though constrained by a modest scale of operations.
National Highways Infra Trust (NHIT) has obtained reaffirmed 'AAA' credit ratings with a stable outlook from both CARE Ratings and India Ratings. The ratings cover various instruments including bank facilities, NCDs, and bonds. This reaffirmation reflects the highest degree of safety regarding timely servicing of financial obligations.
ICRA Limited has assigned and reaffirmed 'ICRA AA/Stable' and 'ICRA A1+' credit ratings for Adani Power Limited’s bank facilities and NCDs totaling ₹69,000 Crore. This rating action covers term loans, bank guarantees, and non-convertible debentures, reflecting the company's creditworthiness and stable financial outlook.
ASM Technologies Ltd (526433) received a credit rating upgrade from CRISIL Ratings to 'CRISIL BBB+/Stable' for its ₹99.5 Crore bank loan facilities. The upgrade reflects improved business risk and healthy financial profiles, with revenue growing to ₹393 Crore in the first nine months of fiscal 2026. This rating action indicates strengthening creditworthiness and operational stability.
Jupiter Wagons Limited announced that CRISIL Ratings has reaffirmed its credit ratings for bank facilities. Long-term ratings are reaffirmed at CRISIL AA(-)/Stable and short-term ratings at CRISIL A1(+). This reaffirmation reflects the company's stable credit profile and financial position.
Avalon Technologies Limited received new credit ratings from CRISIL for its ₹140 Crore bank facilities. CRISIL assigned a long-term rating of 'Crisil A/Stable' and a short-term rating of 'Crisil A1'. The ratings reflect the company's creditworthiness and stable outlook for its debt obligations.
Kovilpatti Lakshmi Roller Flour Mills Limited announced a credit rating downgrade by CRISIL to 'CRISIL BBB-/Stable' for its Rs. 91.00 Crore bank facilities. The revision reflects moderated business risk due to declining operating margins and revenue estimates for fiscal 2026. The company maintains that its operations remain normal and focused on financial strengthening.
India Ratings affirmed SBFC Finance Limited's credit rating at 'IND AA-/Stable' for ₹5,000 Crore in bank facilities and ₹500 Crore in NCDs. The affirmation reflects the company's adequate capitalization, secured lending portfolio, and healthy profitability buffers despite elevated senior management attrition.
CRISIL has reaffirmed PPAP Automotive Limited's credit ratings for its ₹200 Crore bank facilities. The long-term rating is maintained at 'CRISIL A-/Stable' and the short-term rating at 'CRISIL A2+'. The ratings reflect the company's stable financial profile and are valid until March 31, 2027.
Scoobee Day Garments (India) Limited has received credit ratings from CRISIL Ratings Limited for ₹30.9 Crore in bank facilities. Long-term facilities were assigned 'CRISIL BB-/Stable' and short-term facilities 'CRISIL A4+'. This rating action provides an updated assessment of the company's creditworthiness for its lenders and investors.
HDB Financial Services Limited announced that CRISIL Ratings has reaffirmed its 'CRISIL AAA/Stable' and 'CRISIL A1+' ratings across its debt instruments and Rs. 65,000 Crore bank facilities. The reaffirmation covers NCDs, Subordinated Debt, Perpetual Bonds, and Commercial Paper, reflecting the highest degree of safety regarding timely servicing of financial obligations.
Linc Limited announced that Acuite Ratings & Research Limited has extended the validity of its credit ratings. The Long-Term Rating is maintained at ACUITE A+/ Stable, while the Short-Term Rating is ACUITE A1+.
India Ratings affirmed HUDCO's issuer rating at 'IND AAA/Stable' and assigned the same to its proposed ₹70,000 Crore bond program. Ratings for existing bonds, bank facilities, and commercial paper were also affirmed. The action reflects HUDCO's strategic importance to the GoI and its strong financial performance in 9MFY26.
Sudarshan Chemical Industries Limited announced that Crisil has reaffirmed its 'Crisil A1+' rating on the company's ₹50 Crore Commercial Paper. The rating reflects the company's strong market position and healthy financial flexibility following the Heubach group acquisition. This reaffirmation provides stability to the company's short-term borrowing profile.
Torrent Power Limited received credit rating updates from India Ratings and Research. The agency assigned an 'IND AA+/Stable' rating to ₹4000 Crore proposed NCDs and reaffirmed the same for ₹3700 Crore existing NCDs. Commercial paper worth ₹1650 Crore was affirmed at 'IND A1+', reflecting the company's strong regulated business model and healthy credit metrics.
Insecticides (India) Limited announced that CRISIL has reaffirmed its credit ratings. The Long-Term Rating remains 'CRISIL A+/Stable' and the Short-Term Rating remains 'CRISIL A1'. The ratings cover bank loan facilities and remain unchanged compared to the previous financial year.
Diffusion Engineers Limited has received reaffirmed credit ratings from Acuite Ratings & Research Limited for its ₹65.50 Crore bank loan facilities. Long-term facilities were reaffirmed at ACUITE A | Stable, while short-term facilities were reaffirmed at ACUITE A1. The ratings reflect the company's stable credit profile and financial standing.
CRISIL upgraded HPL Electric & Power Limited's long-term credit rating to 'CRISIL A+/Stable' from 'CRISIL A/Stable' for ₹1614 Crore bank facilities. Short-term rating was reaffirmed at 'CRISIL A1'. The upgrade reflects expected improvements in the company's business profile and operating margins, driven by healthy growth in the smart meter segment.
Jamna Auto Industries Limited received a credit rating upgrade from ICRA Limited. Long-term ratings for ₹550 Crore bank facilities were upgraded to [ICRA]AA (Stable) from [ICRA]AA- (Positive). Short-term ratings for commercial paper worth ₹100 Crore were reaffirmed at [ICRA]A1+, reflecting improved creditworthiness and a stable financial outlook.
Omnitech Engineering Limited has been assigned credit ratings by CRISIL for its ₹400 Crore bank loan facilities. CRISIL assigned a 'CRISIL A-/Stable' rating for long-term facilities and 'CRISIL A2+' for short-term facilities. These ratings reflect the company's creditworthiness and were officially published on April 15, 2026.
India Ratings & Research reaffirmed Vikran Engineering Limited's 'IND A-' credit rating for its ₹520 Crore debt facilities but revised the outlook to 'Negative'. This revision reflects expected cash flow constraints and elevated working capital needs during the company's current growth phase, primarily driven by new Solar projects.
Acknit Industries Limited announced that ICRA has reaffirmed its long-term credit rating at [ICRA] BBB (Stable) and its short-term rating at [ICRA] A3+ for bank facilities totaling ₹93.22 Crore. The outlook remains stable, reflecting the company's consistent credit profile and maintained banking limits.
Jay Ushin Limited received new credit ratings from India Ratings and Research (Ind-Ra) for its ₹158 Crore bank facilities. Ind-Ra assigned an 'IND BBB/Stable' rating for long-term facilities and 'IND A3+' for short-term facilities, reflecting the company's established market position and technical collaboration with U-Shin Ltd, Japan.
Meghmani Organics Limited's subsidiary, Kilburn Chemicals Limited, has seen its credit rating outlook revised to 'Positive' from 'Negative' by India Ratings & Research. The revision applies to bank loan facilities totaling ₹274.20 Crore (INR 2,742 million), reflecting improved creditworthiness and operational outlook for the subsidiary.
Anlon Healthcare Limited announced that Brickwork Ratings has reaffirmed and subsequently withdrawn the credit ratings for its ₹34.86 Crore bank facilities. The withdrawal follows the closure of term loan facilities and a request from the company. Consequently, the previous rating rationale no longer reflects the company's current financial position.
Hariom Pipe Industries Limited announced that CRISIL Ratings has revised the outlook on its bank facilities. Long-term ratings were placed on 'Watch Developing' (CRISIL A-), and short-term ratings (CRISIL A2+) were also placed on 'Watch Developing', reflecting potential rating adjustments based on evolving circumstances.
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