ICRA An Affiliate of Moody's

Entity-Specific Rating Rationales

23 Dec 2025

The Ramco Cements Limited: Ratings reaffirmed for existing facilities; rating assigned for Rs. 500.0-crore proposed NCDs

20 May 2025

The Ramco Cements Limited: Ratings reaffirmed and rated amount enhanced for bank facilities; ratings reaffirmed for NCDs and CPs

27 Dec 2024

The Ramco Cements Limited: Rating reaffirmed for Rs. 9,461.00 crore; rating reaffirmed and withdrawn for Rs. 195.00-crore NCDs

29 Dec 2023

The Ramco Cements Limited: Ratings reaffirmed for Rs. 9156 crore; rating assigned for Rs. 500 crore NCDs; Rating reaffirmed and withdrawn for Rs. 200 crore NCDs

08 Dec 2023

The Ramco Cements Limited: Ratings reaffirmed; rated amount enhanced

16 Jun 2023

The Ramco Cements Limited: Rating Withdrawn for Rs. 295 crore NCDs

13 Mar 2023

The Ramco Cements Limited: Ratings reaffirmed; rated amount enhanced

Entity-Specific Credit Perspective Reports

23 Jan 2026

The Ramco Cements Limited

The Ramco Cements Limited (Non-SF)

27 Jan 2025

The Ramco Cements Limited

The Ramco Cements Limited (Non-SF)

24 Jan 2024

The Ramco Cements Limited

The Ramco Cements Limited (Non-SF)

Ratings

Description	Short Term	Medium Term	Long Term	Issuer
Term Loan	--	--	[ICRA]AA+(Stable)	--
Short-Term: Fund based	[ICRA]A1+	--	--	--
Fund based: Unallocated	--	--	[ICRA]AA+(Stable)	--
Proposed Non-Convertible Debenture	--	--	[ICRA]AA+(Stable)	--
Non-Convertible Debentures	--	--	[ICRA]AA+(Stable)	--
Short Term: Non-Fund Based	[ICRA]A1+	--	--	--
Long term: Fund based	--	--	[ICRA]AA+(Stable)	--
Commercial Paper	[ICRA]A1+	--	--	--

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