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ICRA reaffirmed enhanced ratings for Senco Gold’s Rs 880 crore fixed deposit program and bank facilities
25-Sep-26 20:09Hrs IST

Senco Gold Ltd announced that ICRA Limited has reaffirmed and assigned an enhanced amount for its Long-Term – Fixed Deposit Programme of Rs 880.00 crore at [ICRA]A+ (Stable), alongside reaffirming the Short-Term – Commercial Paper at [ICRA]A1, and reaffirming the Long-Term/Short-Term ratings for Fund-Based/Non-Fund-Based Working Capital Facilities and Unallocated Limits at [ICRA]A+(Stable) / [ICRA]A1, all totaling Rs 2400.00 and Rs 600.00 respectively. The rating agency also reaffirmed ratings across various bank lines, including Axis Bank, Bandhan Bank, and others, all carrying the [ICRA]A+ (Stable) / [ICRA]A1 rating, while also noting a moderated operating profit margin of 7.0% in Q1 FY2027 and expecting stabilization between 7.5% and 8.0% for FY2027.

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