Company Update

Panchmahal Steel's credit rating for its bank loan facilities has been affirmed by India Ratings & Research (Ind-RA) at IND BBB-/Stable and IND A3. The facilities are now sized at INR 97 crore, a reduction from the previous INR 127 crore.

This affirmation signals the agency's consistent outlook on the company's creditworthiness, which is key for its borrowing profile and financial standing.