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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'.
Vibhor Steel Tubes Limited secured a CRISIL 'BBB+/Stable/A2' rating for its ₹100 crore bank facilities. The rating reflects the promoters' extensive experience and revenue visibility from an agreement with Jindal Pipes. This enhancement in credibility supports the company's expansion plans, including its recently operationalized 156,000 MTPA Odisha facility.