CRISIL updates on rating of Electrosteel Castings Limited

CRISIL Ratings Limited has, vide its letter dated 7 July, 2022, assigned the following ratings for the debt instruments/facilities of Electrosteel Castings Limited:

Total Bank Loan Facilities Rated - Rs. 2,708 Crore

Long Term Rating - CRISIL A+/Positive (Outlook revised from 'Stable; Rating Reaffirmed)

Short Term Rating - CRISIL A1+ (Upgraded from "CRISIL A1")

Shares of Electrosteel Castings Limited was last trading in BSE at Rs. 35.75 as compared to the previous close of Rs. 33.45. The total number of shares traded during the day was 249957 in over 1989 trades.

The stock hit an intraday high of Rs. 36.00 and intraday low of 33.45. The net turnover during the day was Rs. 8732013.00.

Source : Equity Bulls

Keywords

ElectrosteelCastings INE086A01029 RatingUpdate Debt