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CARE reaffirms ratings of Jindal Saw’s bank facilities

18 Dec 2013 Evaluate

Credit rating agency, CARE has reaffirmed ‘AA-’ rating to Jindal Saw’s long term bank facilities worth Rs 2,134.62 crore which was enhanced from Rs 1,634.62 and ‘A1+’ rating to company’s Short term Bank Facilities worth Rs 3,650 crore. The rating agency has also reaffirmed ‘AA-’ rating to company’s Proposed Non-Convertible Debentures-IV worth Rs 500 crore which was enhanced from Rs 250.

The company has received the said rating on the back of its dominant position in the steel pipes industry in India, the company’s moderate order book position and its diversified product portfolio. The ratings also consider JSL’s moderate leverage profile as well as liquidity position and the benefits expected to be received from the captive iron ore mine at Bhilwara, Rajasthan.

Jindal Saw is in a commanding position in India's tubular market, being the undisputed leader with a turnover in excess of Rs 7,000 crore. The business operations are highly structured with three strategic business units: large diameter pipes, seamless tubes, and DI (ductile iron) pipes. Every SBU has its own dedicated sales and marketing targets and operations.

Jindal Saw Share Price

236.85 15.55 (7.03%)
17-Apr-2026 16:59 View Price Chart
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