Electrosteel Castings receives credit ratings from India Ratings and Research

03 Sept 2024

Electrosteel Castings receives credit ratings from India Ratings and Research

Electrosteel Castings has received credit ratings from India Ratings and Research as under:

Long term loan (Rs 640.4 crore) - IND AA/ Stable (upgraded)
Fund based working limits (Rs 1350 crore) - IND AA/ Stable/ IND A1+ (upgraded long term and affirmed short term)
Fund based working capital limits (Rs 350 crore) - IND AA/ Stable/ IND A1+ (assigned)
Non fund based working capital limits (Rs 1900 crore) - IND A1+ (affirmed)
Commercial paper (Rs 100 crore) - IND A1+ (affirmed)

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