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ICRA Limited is an Independent and professional investment information & Credit Rating Agency.
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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

Page Industries Limited: Ratings reaffirmed; rated amount enhanced 13 Oct 2025

BOBCARD LIMITED: [ICRA]AAA (Stable)/[ICRA]A1+ assigned; rating reaffirmed 13 Oct 2025

Goldi Sun Private Limited: Ratings upgraded to [ICRA]BBB+ (Positive)/[ICRA]A2 and removed from Watch with Positive Implications 13 Oct 2025
Research
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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

CPI inflation eased to lower-than-expected 1.5% in September 2025; likely to soften further in October 2025, post the GST rejig 13 Oct 2025

Actual SGS issuance in Q3 FY2026 could modestly exceed the indicated Rs. 2.8 trillion 06 Oct 2025

Monthly Research Compendium 06 Oct 2025
Most Trending Reports

Persistent asset quality challenges to dampen profitability and growth expectations in FY2026 29 Aug 2025

NBFCs hit the slow lane as demand tapers 31 Jul 2025

Growth momentum sustains at a slower pace; improving operational efficiency crucial as competition intensifies 29 Aug 2025
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

CPI inflation eased to lower-than-expected 1.5% in September 2025; likely to soften further in October 2025, post the GST rejig 13 Oct 2025

Actual SGS issuance in Q3 FY2026 could modestly exceed the indicated Rs. 2.8 trillion 06 Oct 2025

Monthly Research Compendium 06 Oct 2025
Most Trending Research

Persistent asset quality challenges to dampen profitability and growth expectations in FY2026 29 Aug 2025

NBFCs hit the slow lane as demand tapers 31 Jul 2025

Growth momentum sustains at a slower pace; improving operational efficiency crucial as competition intensifies 29 Aug 2025
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What's in the news?

Apr-Sep steel imports slump, but India still net buyer - Mint 09 October 2025

Power Giants Hot Up Thermal Plans with Over Rs 5.5 L cr spends - The Economic Times 09 October 2025

Power Giants Hot Up Thermal Plans with Over Rs 5.5 L cr spends - The Economic Times 09 October 2025
Contact Us

Dhariwal Infrastructure Limited

Sector : Power Sub Sectors : Power Generation

11 Jun 2025 Dhariwal Infrastructure Limited: Dhariwal Infrastructure Limited-CPR-11062025

Home Credit Perspective Reports Dhariwal Infrastructure Limited

Entity-Specific Rating Rationales

19 Aug 2025

Dhariwal Infrastructure Limited: Ratings reaffirmed and rated amount enhanced

19 May 2025

Dhariwal Infrastructure Limited: Ratings reaffirmed

16 Feb 2024

Dhariwal Infrastructure Limited: Ratings upgraded to [ICRA]A- (Stable)/[ICRA]A2+; outlook revised to Stable

31 Jul 2023

Dhariwal Infrastructure Limited: Ratings reaffirmed

Entity-Specific Credit Perspective Reports

11 Jun 2025

Dhariwal Infrastructure Limited

Dhariwal Infrastructure Limited (Non-SF)

15 Mar 2024

Dhariwal Infrastructure Limited

Dhariwal Infrastructure Limited (Non-SF)

Ratings

Description	Short Term	Medium Term	Long Term	Issuer
Term Loans	--	--	[ICRA]A-(Stable)	--
Working Capital Limits	--	--	[ICRA]A-(Stable)	--
Non-Fund Based Limits	[ICRA]A2+	--	[ICRA]A-(Stable)	--

Our Analysts

Analyst 1

Deepayan Ghosh

33 7150 1220
deepayan.ghosh@icraindia.com

Analyst 2

Ritabrata Ghosh

+91 33 71501107
ritabrata.ghosh@icraindia.com

Sector Head

Girishkumar Kashiram Kadam

9324026665
girishkumar@icraindia.com

Most Trending Research Reports

Rating Rationales

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Credit Quality Trends and Performance of ICRA-Assigned Ratings in H1 FY2026

Mr. K Ravichandran,Mr. Pratik Singhania

01 Oct 2025 04:00 PM

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The Indian Pharmaceutical Industry- Industry at a Crossroads: Navigating Global Challenges and Local Opportunities

Ms. Kinjal Shah,Mr. Deepak Jotwani

18 Sep 2025 04:00 PM

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PPT

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Podcast

How India’s Data Center Capacity is Doubling by 2028 | Abhishek Lahoti | ICRA

Oct 2025

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