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Birla Corporation's ratings reaffirmed by CARE and CareEdge after debt instrument redemption
13-Nov-26 18:35Hrs IST

Birla Corporation Ltd announced reaffirmations and withdrawals of ratings from multiple agencies, including CARE Ratings Limited and CareEdge Ratings, following the full redemption of certain debt instruments. CARE Ratings Limited reaffirmed its ratings for Bank Loan Facilities at CARE AA, Outlook: Stable, and CARE A1+, alongside reaffirmations for Bank Facilities amounting to Rs 960.00 and Rs 696.00, and withdrew ratings for Non-Convertible Debentures (ISIN INE340A07084 and INE340A07092) redeemed on August 18, 2026, and September 14, 2026, respectively; CareEdge Ratings reaffirmed similar ratings for Bank Loan Facilities, also withdrawing ratings for the aforementioned NCDs. Additionally, ICRA Limited reaffirmed its rating of ICRA A for Birla Corporation’s commercial paper program of Rs 500 crore, with a Stable outlook, while the company reported a tangible net worth of Rs 5,389 crore as of March 31, 2026, and expects a Capex outlay of Rs 4,300 - Rs 4,500 crore from FY27-FY29.

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A Muthoot M George Enterprise