Announced Tue, 23 Jun · 11:02 IST
Credit rating assigned for bank facilities worth Rs 51.47 crore
MAHASTEEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-4.8%1-day move
₹840.00
prior close
₹849.45
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.1-0.0-4.8-5.4-2.0-6.1-8.9-6.0+4.4-8.2——
Up moveDown movePending
AI summary
Brickwork Ratings has assigned BWR BBB+ with Stable outlook for long-term bank facilities of Rs 51.47 crore and BWR A2 for short-term non-fund based facilities of Rs 15 crore. Facilities include Cash Credit of Rs 50 crore from UCO Bank and GECL 2.0 outstanding of Rs 1.47 crore. This is a first-time rating assignment, valid for twelve months from June 22, 2026.
Likely market impact
Investment grade rating signals adequate credit profile and continued access to bank funding. Positive for lender confidence.