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Favourable Apex Court verdict in the IGL vs PNGRB case is credit positive for the City Gas Distribution industry        Power Sector; Structural issues continue; Aggressive bidding in coal auction lead to increased vulnerability, though positive steps being taken to improve fuel supply        Indian Passenger Vehicle Industry; Trends & Outlook        Power Sector; Tariff hikes by SERCs continue to remain modest for FY 2015-16 with average tariff hike at 5%; Subsidy estimated at Rs. 709 billion for FY 2016        Indian Fertiliser Sector; Major Policy Initiatives for Urea; Gas Pooling & Comprehensive New Urea Policy 2015        Indian Commercial Vehicle Industry; Replacement-led demand to continue but sustainability contingent on favorable investment cycle        MBS Pools Rated by ICRA; Report on Performance until March 2015; ICRA-rated MBS Pools continue to demonstrate strong credit quality        Indian Two-Wheeler Industry; Motorcycles continue to drag industry volumes even as scooters stare at deceleration        Indian Pharmaceuticals Industry; Delayed approvals in US and currency woes in EMs driving operating performance        Indian Oil & Gas Sector-Refining & Marketing; Healthy crack spreads and inventory gains to aid margins of refining companies in the near term; long term outlook remains subdued       
 
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Power Sector; Tariff hikes by SERCs continue to remain modest for FY 2015-16 with average tariff hike at 5%; Subsidy estimated at Rs. 709 billion for FY 2016
Favourable Apex Court verdict in the IGL vs PNGRB case is credit positive for the City Gas Distribution industry
Power Sector; Structural issues continue; Aggressive bidding in coal auction lead to increased vulnerability, though positive steps being taken to improve fuel supply
Favourable Apex Court verdict in the IGL vs PNGRB case is credit positive for the City Gas Distribution industry
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Bharat Forge Limited
Bharat Forge Limited
Bharat Forge Limited
Credit Perspective     Rating Methodologies
June 04, 2015
Bharat Forge Limited
Long term rating of Bharat Forge Limited upgraded to [ICRA]AA+(stable) from [ICRA]AA(stable); short term rating reaffirmed at [ICRA]A1+
Rationale     Rating Methodologies
May 05, 2015
Bharat Forge Limited
Bharat Forge Limited
Credit Perspective     Rating Methodologies
May 13, 2014
Bharat Forge Limited
Long term rating of Bharat Forge Limited upgraded to [ICRA]AA(stable) from [ICRA]AA-(stable); short term rating reaffirmed at [ICRA]A1+
Rationale     Rating Methodologies
May 13, 2014
Bharat Forge Limited
Bharat Forge Limited
Credit Perspective     Rating Methodologies
June 26, 2013
Bharat Forge Limited
Ratings of [ICRA]AA- and [ICRA]A1+ reaffirmed for credit facilities of Bharat Forge Limited
Rationale     Rating Methodologies
May 20, 2013
Bharat Forge Limited
Bharat Forge Limited
Credit Perspective     Rating Methodologies
June 22, 2012
Bharat Forge Limited
Ratings of [ICRA]AA- and [ICRA]A1+ reaffirmed for credit facilities of Bharat Forge Limited
Rationale     Rating Methodologies
March 22, 2012
Bharat Forge Limited
Bharat Forge Limited
Credit Perspective     Rating Methodologies
December 08, 2010
Bharat Forge Limited
ICRA revises the long term rating for credit facilities of Bharat Forge Limited
Rationale     Rating Methodologies
November 11, 2010
Bharat Forge Limited
Bharat Forge Limited
Credit Perspective     Rating Methodologies
March 22, 2010
Bharat Forge Limited
ICRA assigns LA+ (Stable) & A1+ ratings to Bharat Forge Limited
Rationale     Rating Methodologies
February 26, 2010
Bharat Forge Limited
ICRA revises the long-term rating of Bharat Forge Limited; re-affirms the short-term rating
Rationale     Rating Methodologies
August 11, 2009
Bharat Forge Limited
ICRA revises rating for Bharat Forge’s long-term debt programmes
Rationale     Rating Methodologies
March 02, 2009
Bharat Forge Limited
ICRA assigns LAA rating to Bharat Forge Limited
Rationale     Rating Methodologies
December 24, 2008