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As on : 08-Oct-2026
Hot Pursuit
08-Oct-2026     15:19

Jindal Saw Ltd's NCDs reaffirmed BWR AA/Stable by Brickwork Ratings, valid until 2027

Jindal Saw Ltd announced that Brickwork Ratings has reaffirmed its ratings for the company's Non-Convertible Debentures (NCDs) amounting to Rs. 500 Crores with a rating of BWR AA/ Stable, valid until October 7, 2027, and a separate reaffirmation for an NCD Issue of Rs 500.00 Crores with the same BWR AA/ Stable rating, initially rated on October 9, 2025; Brickwork Rating has also provided an endorsement for NCDs with unspecified amounts, noting the rating’s validity until October 7, 2027, subject to terms and conditions, and highlighting potential migration to the INC category due to non-submission of No Due Certificate (NDS); additionally, BWR has rated NCDs (Issued) totaling 500.00 with a coupon rate of 8.25% payable semiannually, a maturity date of March 31, 2031, and ISIN INE324A07179, though the rating itself was not provided.

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