ICRA An Affiliate of Moody's

About Us
About Us

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

ICRA Limited

Vision & Values

To be the preferred partner in providing best in class ...

Leadership

ICRA Limited

The ICRA Group

ICRA Limited

CSR & Sustainability

ICRA envisions to make stronger communities ...

Life At ICRA

Life at ICRA inspires you to give your best and make most ...

Moody's.com

ICRA Limited

Company Announcements

Keep stakeholders informed about important updates
Ratings
Ratings

As an early entrant in the Credit Rating business, ICRA Limited (ICRA) is one of the most experienced Credit Rating
Know more
Ratings Coverage

Corporate Debt Ratings

Financial Sector Ratings

Structured Finance Ratings

Infrastructure Sector Ratings

Other Ratings
Approach & Methodologies

Rating Methodologies

Rating Scale

Guide to Credit Ratings

Ratings Performance

FAQ
Rating Rationales

DRT-Anthea Aroma Chemicals Private Limited: Rating withdrawn 12 May 2026

Bajaj Finance Ltd.: Ratings reaffirmed; rating assigned for enhanced amount under commercial paper programme 12 May 2026

Ranastalam Anandapuram Road Limited: Rating reaffirmed and removed from Watch with Developing Implications; Stable outlook assigned 12 May 2026
Research
ICRA Research

ICRA industry research provides unique research offering for 60+ sectors in India wherein 250+ Ratings analysts
Know more
Research Offerings

Banking & Financial Services

Economy

Outlook

Corporate

Climate Series

Cross-sectoral trends & outlook

Structured Finance
Special Comments

SDI norms to be aligned with RBI guidelines on securitisation of standard assets 12 May 2026

Monthly Research Compendium 08 May 2026

RBI releases final ECL framework; impact on banks’ capitalisation profile likely to be moderate 30 Apr 2026
Most Trending Reports

AUM surpasses Rs. 10 lakh crore; performance likely to remain resilient despite macroeconomic and competitive pressure 30 Apr 2026

Growth momentum to sustain at a range-bound pace in FY2027 30 Apr 2026

GST rate cut-led demand momentum drives a strong finish to FY2026 for commercial vehicles 27 Apr 2026
Credit Perspective
About Credit Perspective Reports

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

SDI norms to be aligned with RBI guidelines on securitisation of standard assets 12 May 2026

Monthly Research Compendium 08 May 2026

RBI releases final ECL framework; impact on banks’ capitalisation profile likely to be moderate 30 Apr 2026
Most Trending Research

AUM surpasses Rs. 10 lakh crore; performance likely to remain resilient despite macroeconomic and competitive pressure 30 Apr 2026

Growth momentum to sustain at a range-bound pace in FY2027 30 Apr 2026

GST rate cut-led demand momentum drives a strong finish to FY2026 for commercial vehicles 27 Apr 2026
Explore Latest Reports
Find now
Media
Media & Events

Insights, Events & News Coverage

Newsletter

Webinars

TV Coverage

Events

Podcast

Photo Gallery

Know more
Upcoming Webinars

No data available
What's in the news?

Amazon opens its supply chain to all: Can Indian logistics firms keep up - Business Stnadard 07 May 2026

Municipalities await clarity to raise debt - Mint 06 May 2026

Bank Loans Trip as Buyers Prefer to Swipe it to Purchase Durables - Economic Times 06 May 2026
Contact Us

HPCL-Mittal Pipelines Limited

Sector : Petroleum Products Sub Sectors : Refineries & Marketing

02 Dec 2025 HPCL-Mittal Pipelines Limited: HPCL-Mittal Pipelines Limited-CPR-02122025

Home Credit Perspective Reports HPCL-Mittal Pipelines Limited

Entity-Specific Rating Rationales

31 Oct 2025

HPCL-Mittal Pipelines Limited: Rating reaffirmed & withdrawn for commercial paper; [ICRA]AA+(Stable) assigned for bank facilities

08 Oct 2024

HPCL-Mittal Pipelines Limited: Rating assigned

Entity-Specific Credit Perspective Reports

02 Dec 2025

HPCL-Mittal Pipelines Limited

HPCL-Mittal Pipelines Limited (Non-SF)

07 Nov 2024

HPCL-Mittal Pipelines Limited

HPCL-Mittal Pipelines Limited (Non-SF)

Ratings

Description	Short Term	Medium Term	Long Term	Issuer
Commercial Paper	Withdrawn	--	--	--
Long term - Fund based - Term loan	--	--	[ICRA]AA+(Stable)	--
Non Convertible Debenture	--	--	Withdrawn	--

Our Analysts

Analyst 1

Sahaj Gugliani

911244545814
Sahaj.gugliani@icraindia.com

Analyst 2

Varun Gogia

+91 124 4545373
varun.gogia@icraindia.com

Sector Head

Girishkumar Kashiram Kadam

9324026665
girishkumar@icraindia.com

Most Trending Research Reports

Rating Rationales

Webinars

View all

No Data Available

Beyond renewables - Investment outlook and emerging role of thermal power

Girishkumar Kadam,Ankit Jain,Asmita Pant

07 May 2026 04:00 PM

Want to Listen

PPT

West Asia Crisis-Impact and Outlook on Oil & Gas and downstream sectors

Girishkumar Kadam,Prashant Vasisht

29 Apr 2026 04:00 PM

Want to Listen

View all

Podcast

New CPI and GDP Series | FY27 Growth and Inflation Outlook | ICRA Insight by Aditi Nayar

Mar 2026

Media Release

Ask Our Industry Analyst Get in touch with our Business Representative

Please enter your name

Please enter your mobile number

Please enter your email id

Please enter your company name

Name should not be greater than 50 characters

Please choose sector

Please enter your query

Query to have atleast ten characters

Query should not be greater than 1,000 characters

Please verify you are not a Robot.