CRISIL upgrades Jain Resource long-term rtg to AA- from A+; outlook 'stable'
This story was originally published at 21:27 IST on 28 August 2026
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--Crisil ups Jain Resource long term rtg to AA- from A+, outlook 'stable'
NEW DELHI – Jain Resource Recycling Ltd. Friday said Crisil Ratings Ltd. has upgraded its long-term bank facilities rating to "AA-" from "A+" with a "stable" outlook, according to an exchange filing. The company's total bank loan facilities were at INR 9.64 billion, CRISIL said in its statement.
The company said the rating action comes after CRISIL noted the limited operational disruption and negligible financial impact arising from the furnace explosion incident on Jul. 14 at its Unit-II facility at Gummidipoondi in Tamil Nadu. The ratings agency had put the company on "watch developing" with an "A+" rating following the explosion.
Jain Resource had reported a net profit of INR 695.9 million on revenues of INR 27.24 billion for the June quarter. Friday, its shares ended 1% higher at INR 287.95 apiece on the National Stock Exchange. End
Reported by Pratyush Kumar
Edited by Himanshi Gupta
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