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Entity-Specific Rating Rationales

27 Mar 2025

Hira Electro Smelters Limited: Ratings reaffirmed; rated amount enhanced

Hira Electro Smelters Limited: Ratings reaffirmed; rated amount enhanced

28 Feb 2025

Hira Electro Smelters Limited: Ratings reaffirmed

Hira Electro Smelters Limited: Ratings reaffirmed

21 Dec 2023

Hira Electro Smelters Limited: Ratings reaffirmed; [ICRA]A-(Stable)/[ICRA]A2+ assigned for the enhanced amount

Hira Electro Smelters Limited: Ratings reaffirmed; [ICRA]A-(Stable)/[ICRA]A2+ assigned for the enhanced amount

04 Dec 2023

Hira Electro Smelters Limited: [ICRA]A- (Stable); assigned

Hira Electro Smelters Limited: [ICRA]A- (Stable); assigned

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Entity-Specific Credit Perspective Reports

28 Mar 2025

Hira Electro Smelters Limited

Hira Electro Smelters Limited (Non-SF)

27 Dec 2023

Hira Electro Smelters Limited

Hira Electro Smelters Limited (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Long Term – Fund Based Limits -- -- [ICRA]A-(Stable) --
Long Term – Term Loans -- -- [ICRA]A-(Stable) --
Short Term - Non Fund Based [ICRA]A2+ -- -- --
Short Term-Non Fund Based-Forward cover [ICRA]A2+ -- -- --
Long Term-Fund Based-Proposed -- -- [ICRA]A-(Stable) --
Term Loan -- -- * --
Letter of Credit * -- -- --
Cash Credit -- -- * --
Short-term non-fund based – Forward Contract * -- -- --

Our Analysts

Analyst 1

Deepayan Ghosh

Analyst 2

Ritabrata Ghosh

Sector Head

Girishkumar Kashiram Kadam
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