Announced Wed, 28 Oct, 2026 · 18:10 IST
CRISIL continues watch status on INR 317.5 crore bank facilities
ASIANENE · price
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Price reaction
Awaiting price reaction for this filing.
AI summary
CRISIL maintained its long-term rating of BBB+ and short-term rating of A2 on the company's INR 317.5 crore bank facilities, both under Watch Developing status. The watch continues because the merger of parent Oilmax Energy with AESL still needs Ministry of Petroleum and Natural Gas approval. CRISIL will review the rating after completion and after assessing Oilmax's performance.
Likely market impact
Ratings were not cut, but prolonged watch status may keep debt costs and stock sentiment under pressure until the merger is completed.