Bulletin Updates

Increased rating for Jaideep Ispat & Alloys Pvt Ltd – 27 Feb 2023

Feb 27, 2023

The company manufactures billets, TMT bars, and wire rods from its plant located in Madhya Pradesh with a manufacturing capacity of 6,50,000 metric tonnes per annum (MTPA) for billets and 6,00,000 MTPA for TMT bars/ wire rods. The ratings were reaffirmed based on the company's comfortable financial risk profile, which includes a robust cash accrual, conservative capital structure, and good debt coverage indicators.

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