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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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India Motor Parts & Accessories Limited: Ratings reaffirmed 09 Mar 2026

Trust Metals and Minerals Enterprises: [ICRA]B+ (Stable); assigned 09 Mar 2026

Ganesh Polychem Limited: Ratings reaffirmed 09 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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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

Steel demand growth is expected at 9-10% in FY2027, supported by infrastructure push 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

Steel demand growth is expected at 9-10% in FY2027, supported by infrastructure push 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
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Balu Forge Industries Limited

Sector : Industrial Products Sub Sectors : Castings & Forgings

09 Mar 2026 Balu Forge Industries Limited: Balu Forge Industries Limited-CPR-09032026

Home Credit Perspective Reports Balu Forge Industries Limited

Entity-Specific Rating Rationales

09 Feb 2026

Balu Forge Industries Limited: Ratings reaffirmed, rated amount enhanced

03 Feb 2026

Balu Forge Industries Limited: [ICRA]A-(Stable)/[ICRA]A2+; assigned

Entity-Specific Credit Perspective Reports

09 Mar 2026

Balu Forge Industries Limited

Balu Forge Industries Limited (Non-SF)

Ratings

Description	Short Term	Medium Term	Long Term	Issuer
Long-term/ Short-term Fund-based/ Non-fund Based Limits	[ICRA]A2+	--	[ICRA]A-(Stable)	--
Long-term-Fund-based - Term loans	--	--	[ICRA]A-(Stable)	--
Short-term – Non-fund-based facilities	[ICRA]A2+	--	--	--
Long-term/ Short-term Fund-based/ Non-fund Based - Unallocated Limits	[ICRA]A2+	--	[ICRA]A-(Stable)	--