ISGEC Subsidiary Saraswati Sugar Mills' Credit Rating Reaffirmed at [ICRA]A(Stable)
Isgec Heavy Engineering Limited (ISGEC) has announced the re-affirmation of credit ratings for its wholly-owned subsidiary, Saraswati Sugar Mills Limited, by ICRA Limited. The total credit facilities ...
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Why is Isgec Heavy Engineering Limited in the news today?
Isgec Heavy Engineering Limited (ISGEC) is in the news due to the credit rating has been reaffirmed without any change, indicating stability but no improvement, hence a neutral sentiment.
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ISGEC Subsidiary Saraswati Sugar Mills' Credit Rating Reaffirmed at [ICRA]A(Stable)
December 31, 2025, 11:12 AM
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Isgec Heavy Engineering Limited (ISGEC) has announced the re-affirmation of credit ratings for its wholly-owned subsidiary, Saraswati Sugar Mills Limited, by ICRA Limited. The total credit facilities rated amount to ₹401.65 crores.
The reaffirmed ratings are [ICRA]A(Stable) for fund-based long-term facilities including a term loan of ₹60.00 crores and cash credit of ₹336.65 crores. Additionally, the non-fund based short-term facilities have been reaffirmed at [ICRA]A1 for an amount of ₹5.00 crores.
There is no change in the credit rating compared to the previous rating assigned on October 4, 2024. The ratings are valid for surveillance within one year from the communication date of December 31, 2025. ICRA reserves the right to review these ratings based on new information or circumstances.
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