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CRISIL upgraded Ratnamani Metals' long-term bank facility rating to AA+/Stable from AA/Positive and reaffirmed A1+ short-term. Total rated facilities are Rs.2,200 Crore.
CRISIL ESG Ratings & Analytics Limited has assigned a voluntary ESG score of 59 (Adequate) to Ratnamani Metals & Tubes Ltd. The rating is based on BRSR and public disclosures.
Ratnamani Metals & Tubes subsidiary secured export orders worth approximately ₹2,700 Crore. The contract for spools and hangers will be executed over two to three years.
Ratnamani Metals & Tubes Ltd held its 42nd AGM, transacting business including the adoption of financial statements and declaration of a Rs.10 per share dividend.