JSW Steel Ltd.

Credit rating agency, CARE has assigned ‘A1+’ rating to JSW Steel’s commercial paper issue worth Rs 1,000 crore. The company has received the said ratings on the back of its significant presence in the Indian steel sector, its proven management capability, well-diversified mix of value-added and upstream products, the improvement in operational parameters during the last couple of years and the adequate liquidity position.

JSW Steel is part of the JSW group which, in turn, is a part of the O P Jindal group. JSW Steel is one of the largest steel manufacturing companies in India having units in Karnataka and Maharashtra producing crude steel, long steel and flat steel products.