09-Nov-2026 08:55:21

SHYAM METALICS : CRISIL REAFFIRMS AA+/STABLE AND A1+ RATINGS

• CRISIL reaffirmed long-term rating at CRISIL AA+/Stable and short-term rating at CRISIL A1+ • Rated bank debt enhanced to ₹4,500 Cr from ₹3,600 Cr; ₹50 Cr commercial paper programme reaffirmed at CRISIL A1+ • Rating rationale cites established steel market position, strong financial risk profile and healthy operating performance • Multi-year capex for capacity expansion to be funded mainly through internal accruals and cash reserves, keeping debt metrics safe • Expansion into flat steel, pig iron, stainless steel and aluminium foil continues; aggregate installed metal capacity at 16.93 MTPA

Shyam Metalics and Energy Ltd

← Back to feed