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As on : 13-Oct-2026
Hot Pursuit
13-Oct-2026     12:09


ISGEC Heavy Engineering receives reaffirmed ratings from ICRA, including instruments held by multiple banks

ISGEC Heavy Engineering Ltd announced that ICRA Limited has reaffirmed long-term ratings of [ICRA]A(Stable) and short-term ratings of [ICRA]A2+ for various instruments, including a Line of Credit of 905, a Line of Credit of 75, a Line of Credit of 140, a Line of Credit of 40, a Line of Credit of 110, a Line of Credit of 135, a Line of Credit of 100, a Line of Credit of 50, a Line of Credit of 60, a Line of Credit of 40, and a Line of Credit of 15; Fund-based/Non-fund based-Others amounting to 845.00; Unallocated limits-Unallocated limits of 60.00; and Fund-based/Non-fund based Working Capital Facilities of 40.00, 110.00, 135.00, 75.00, 55.00, 140.00, 100.00, 50.00, all maturing on October 01, 2026; the reaffirmation applies to instruments held by Standard Chartered Bank, State Bank of India, HSBC Limited, Kotak Mahindra Bank Limited, HDFC Bank Limited, IDFC FIRST Bank Limited, Federal Bank Limited, RBL Bank Limited, ICICI Bank Limited, and YES Bank Limited, as well as those related to Subsidiary and Joint Venture: Isgec Hitachi Zosen Limited, and includes a Financial Sector Regulator instrument of 845.00 and Unallocated limits of 60.00, with no rating changes or assignments noted, and no withdrawals reported.

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