Care Ratings Reaffirms NLC India’s Credit Ratings – Stable Outlook
New Delhi: NLC India Limited, the Navratna public sector enterprise, announced that Care Ratings Limited has reaffirmed its credit ratings for various financial instruments, signaling strong financial health and stability.
Key ratings include:
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Long-Term Bank Facilities: Rs. 1,200 crore (reduced from Rs. 1,650 crore) – CARE AAA; Stable
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Long-Term/Short-Term Bank Facilities: Rs. 772 crore – CARE AAA; Stable / CARE A1+
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Commercial Paper: Rs. 6,000 crore – CARE A1+
The reaffirmation reflects NLC India’s consistent operational performance and strong financial discipline. The company continues to maintain its robust credit profile, supporting its ongoing power and mining projects across India.
NLC India is a Government of India Navratna PSU, headquartered in Chennai, with its corporate office in Neyveli, Tamil Nadu.