Jindal Saw Limited (JINDALSAW) — Announcement | 26 June 2026

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📢 Key Event
CARE Ratings reaffirms Jindal Saw's issuer, NCD, and CP ratings at stable outlooks.

🔮 What's Next
Revalidation required for CP issue if not placed by August 24, 2026; comments due by July 3, 2026.

💡 Investor Takeaway
Shareholders gain confidence in the company's creditworthiness and debt servicing capacity.

Jindal Saw Limited received a reaffirmed CARE AA rating for its Non-Convertible Debentures (NCDs) of ₹500 crores, with a March 26, 2031 maturity and annual installments of ₹166.70 crores starting 2029. The rating also covers a Commercial Paper issue of ₹400 crores reaffirmed at CARE A1+, and an issuer rating reaffirmed at CARE AA stable. The filing confirms no rating changes from prior periods and includes procedural details for future compliance and disclosure.

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About Jindal Saw Limited (JINDALSAW)

Capital Goods · Industrial Products · Listed on NSE

Market Cap: ₹14,650.49 Cr P/E: 7.9

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