Mahindra Lifespace Developers Limited received credit rating updates from CRISIL. Ratings for INR 100 Crore bank limits were reaffirmed at 'CRISIL AA/Stable', while the 'CRISIL A1+' rating for INR 300 Crore Commercial Paper was withdrawn as there is no outstanding amount.
NLC India Limited has disclosed current and historical credit ratings for its non-convertible securities. Major agencies including ICRA, India Ratings, and CRISIL have reaffirmed 'AAA' ratings with a stable outlook for the company's various NCD series. This disclosure complies with SEBI's Chapter XIV operational circular for debt security listings.
Sumitomo Chemical India Limited announced that CRISIL Limited has reaffirmed its 'CRISIL AA/Stable' credit rating for the company's bank facilities. The rating applies to bank loan facilities totaling ₹200 Crore, reflecting sustained creditworthiness and stable financial outlook for the company.
CRISIL Ratings has reaffirmed Interarch Building Solutions Limited's credit ratings at 'Crisil A/Stable' for long-term and 'Crisil A1' for short-term facilities. The total rated bank loan facilities were enhanced to ₹600 Crore from ₹495 Crore. This reaffirmation reflects the company's stable credit profile and sustained financial health.
Interarch Building Solutions Limited announced that CRISIL Ratings has reaffirmed its 'CRISIL A/Stable' long-term and 'CRISIL A1' short-term ratings. The rated bank loan facilities were enhanced to ₹600 Crore from ₹495 Crore. This reaffirmation reflects the company's stable credit profile and maintained creditworthiness for its expanded bank limits.
Modi Naturals Limited received a credit rating upgrade from Infomerics Valuation and Ratings for its ₹65 Crore bank facilities. The long-term rating was upgraded to IVR BBB/Stable, and the short-term rating to IVR A3+. This upgrade reflects improved creditworthiness based on the company's FY25 and 9MFY26 performance.
Ola Electric Mobility Limited announced that ICRA has revised/reaffirmed credit ratings for its material subsidiaries. Ola Electric Technologies' long-term rating is [ICRA]BBB (Negative), while Ola Cell Technologies received [ICRA]BBB- (Negative) and [ICRA]A3 ratings. These actions reflect the credit profiles of its key manufacturing and cell technology divisions.
International Combustion (India) Limited announced that CRISIL has reaffirmed its ratings for ₹125 Crore bank facilities. The long-term rating is 'Crisil BBB/Negative' and the short-term rating is 'Crisil A3+'. The ratings are valid until March 31, 2027, maintaining the company's credit profile for its banking relationships.
Mantra Capital Limited received a 'CARE BB+; Stable' rating from CARE Ratings for ₹50 Crore in bank facilities and ₹25 Crore in proposed NCDs. The 'Assigned' rating action indicates a formal credit assessment of the company's debt obligations.
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 Credit Rating
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.
