Credit Rating assigned by CARE on December 16, 2021:

Facilities/Instruments Amount (Rs. Crore) Rating Rating Action
Long Term Bank Facilities 489.98
(Enhanced from 339.98)
CARE AA; Stable (Double A; Outlook: Stable) Reaffirmed
Long Term / Short Term Bank Facilities 4,000.00 CARE AA; Stable / CARE A1+ (Double A; Outlook: Stable/ A One Plus) Reaffirmed
Short Term Bank Facilities 300.00
(Enhanced from 50.00)
CARE A1+ (A One Plus) Reaffirmed
Total Bank Facilities 4,789.98 (Rs. Four Thousand Seven Hundred Eighty-Nine Crore and Ninety-Eight Lakhs Only)    
Non-Convertible Debentures 150.00 CARE AA; Stable (Double A; Outlook: Stable) Reaffirmed
Total Long Term Instruments 150.00 (Rs. One Hundred Fifty Crore Only)    
Commercial Paper (Carved out)* 100.00 CARE A1+ (A One Plus) Reaffirmed
Total Short Term Instruments 100.00 (Rs. One Hundred Crore Only)    

*carved out of the sanctioned working capital limits of the company.

Credit Rating assigned by CRISIL on January 11, 2022:

Total Bank Loan Facilities Rated Rs. 2050 Crore
Long Term Rating CRISIL AA/Stable (Reaffirmed)
Short Term Rating CRISIL A1+ (Reaffirmed)
Rs.100 Crore Non-Convertible Debentures CRISIL AA/Stable (Assigned)
Rs. 483 Crore (Reduced from Rs. 625 Crore) NonConvertible Debentures CRISIL AA/Stable (Reaffirmed)