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Entity-Specific Rating Rationales

24 Feb 2026

NLC India Limited: Rating Reaffirmed

NLC India Limited: Rating Reaffirmed

28 Feb 2025

NLC India Limited: Rating reaffirmed

NLC India Limited: Rating reaffirmed

01 Mar 2024

NLC India Limited: Rating reaffirmed

NLC India Limited: Rating reaffirmed

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Entity-Specific Credit Perspective Reports

01 Apr 2026

NLC India Limited

NLC India Limited (Non-SF)

29 Mar 2025

NLC India Limited

NLC India Limited (Non-SF)

02 Apr 2024

NLC India Limited

NLC India Limited (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
NCD -- -- [ICRA]AAA(Stable) --
Borrowing Programme -- -- * --
Bank Line -- -- * --

Our Analysts

Analyst 1

Chinmay Sheth

Analyst 2

Sankalpa Mohapatra

Sector Head

Girish kumar Kadam
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Rating Rationales

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Credit Quality Trends and ICRA’s Outlook for FY2027

Mr. K Ravichandran,Ms. Aditi Nayar,Mr. Pratik Singhania

01 Apr 2026 04:00 PM

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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