Credit rating agency -- ICRA has upgraded Jindal Steel & power’s (JSPL) Long term Bank Facilities and Non-Convertible Debentures (NCDs) from ‘BBB-’ with Stable outlook to ‘BBB+’ with Stable outlook. Short term facilities upgraded from ‘A3’ to ‘A2’.
JSPL is one of India’s fastest growing and largest integrated steel manufacturers, significantly present in Steel, Power Generation and Infrastructure segments and catering to a large part of India's domestic energy and infrastructure requirement.