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As an early entrant in the Credit Rating business, ICRA Limited (ICRA) is one of the most experienced Credit Rating
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Rating Rationales

ALPA INFRASTRUCTURE LIMITED: Ratings assigned 06 Mar 2026

Bhavani Industries: Ratings Continues to remain under Issuer Non Cooperating category 06 Mar 2026

Bajaj Auto Credit Limited: [ICRA]AAA (Stable) assigned to long-term bank lines; rating reaffirmed 06 Mar 2026
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ICRA industry research provides unique research offering for 60+ sectors in India wherein 250+ Ratings analysts
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Special Comments

Monthly Research Compendium 05 Mar 2026

Rising crude oil and LNG prices to adversely impact profitability of midstream and downstream industry 05 Mar 2026

Fiscal deficit at 63% of target in 10M FY2026; downward revision in nominal GDP estimate could cause it to exceed FY2026 target of 4.4% of GDP 02 Mar 2026
Most Trending Reports

Industry volumes continue robust YoY volume growth in January 2026 23 Feb 2026

Flying on a budget: A comparison of India’s low-cost airlines and their global counterparts 23 Feb 2026

Industry losses to decline by one-third in FY2027 as domestic passenger traffic growth recovers to 6-8% 24 Feb 2026
Credit Perspective
About Credit Perspective Reports

ICRA industry research provides unique research offering for 60+ sectors in India wherein 250+ Ratings analysts
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Special Comments

Monthly Research Compendium 05 Mar 2026

Rising crude oil and LNG prices to adversely impact profitability of midstream and downstream industry 05 Mar 2026

Fiscal deficit at 63% of target in 10M FY2026; downward revision in nominal GDP estimate could cause it to exceed FY2026 target of 4.4% of GDP 02 Mar 2026
Most Trending Research

Industry volumes continue robust YoY volume growth in January 2026 23 Feb 2026

Flying on a budget: A comparison of India’s low-cost airlines and their global counterparts 23 Feb 2026

Industry losses to decline by one-third in FY2027 as domestic passenger traffic growth recovers to 6-8% 24 Feb 2026
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What's in the news?

Brent prices flare up Russian cargoes come back in focus - Financial Express 02 March 2026

Strait of Hormuz disruption can send crude soaring impact 2.6 mb d of India’s imports - Business Line 02 March 2026

India faces Oil shock as Iran war intensifies - Financial Express 02 March 2026
Contact Us

NMDC Steel Limited

Sector : Ferrous Metals Sub Sectors : Iron & Steel

01 Jul 2025 NMDC Steel Limited: NMDC Steel Limited-CPR-01072025

Home Credit Perspective Reports NMDC Steel Limited

Entity-Specific Rating Rationales

15 Dec 2025

NMDC Steel Limited: Rating withdrawn

03 Jun 2025

NMDC Steel Limited: Continues on rating watch with developing implications

05 Jun 2024

NMDC Steel Limited: Rating downgraded; continues on rating watch with developing implications

05 Feb 2024

NMDC Steel Limited: Rating downgraded; continues on Rating Watch with Developing Implications

Entity-Specific Credit Perspective Reports

01 Jul 2025

NMDC Steel Limited

NMDC Steel Limited (Non-SF)

23 Feb 2024

NMDC Steel Limited

NMDC Steel Limited (Non-SF)

Ratings

Description	Short Term	Medium Term	Long Term	Issuer
Non-Convertible Debenture (NCD) Programme	--	--	Withdrawn	--
Proposed Non-Convertible Debentures	--	--	Withdrawn	--

Our Analysts

Analyst 1

Soaham Gundawar

8087761124
soaham.gundawar@icraindia.com

Analyst 2

Sumit Jhunjhunwala

+91 33 71501111
sumit.jhunjhunwala@icraindia.com

Sector Head

Girishkumar Kashiram Kadam

9324026665
girishkumar@icraindia.com

Most Trending Research Reports

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No Data Available

Road sector hits a slow lane as project awarding moderates

Mr. Suprio Banerjee,Mr. M Rajashekar Reddy

25 Feb 2026 04:00 PM

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PPT

Specialty Chemicals: Industry on a slow road to recovery

Girishkumar Kadam,Prashant Vasisht

19 Feb 2026 04:00 PM

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PPT

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Podcast

India Automotive Outlook FY2027: Growth Estimates & EV Transition | ICRA Podcast by Srikumar Krishnamurthy

Feb 2026

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