Vraj Iron & Steel's Credit Rating Reaffirmed at CARE A- Stable
Vraj Iron and Steel Limited announced that its credit rating has been reaffirmed by CARE Ratings Limited. The long-term bank facilities amounting to ₹40.00 crore have been assigned a rating of CARE A-...
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Why is Vraj Iron and Steel Limited in the news today?
Vraj Iron and Steel Limited (VRAJ) is in the news due to the reaffirmation of credit ratings by a reputable agency like care ratings, especially with a stable outlook, is a positive indicator of the company's financial health and creditworthiness.
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Vraj Iron & Steel's Credit Rating Reaffirmed at CARE A- Stable
January 2, 2026, 01:16 PM
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Vraj Iron and Steel Limited announced that its credit rating has been reaffirmed by CARE Ratings Limited. The long-term bank facilities amounting to ₹40.00 crore have been assigned a rating of CARE A-; Stable. Additionally, long-term/short-term bank facilities totaling ₹30.00 crore have also been reaffirmed with ratings of CARE A-; Stable and CARE A2+.
These ratings are based on the company's operational and financial performance for FY25 (audited) and H1FY26 (unaudited). CARE Ratings Limited will communicate the detailed rating report separately and plans to issue a press release shortly. The company has been requested to provide comments on the draft press release by January 07, 2026.
The total rated facilities amount to ₹70.00 crore, comprising ₹40.00 crore for long-term fund-based limits (Cash Credit) and ₹30.00 crore for long-term/short-term non-fund-based limits (LC/BG) from HDFC Bank Ltd.
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