NMDC Steel Ltd informed the exchanges on August 21, 2026, through a BSE filing that Crisil Ratings Limited had upgraded the company's long-term credit rating on its bank facilities. The NMDC Steel credit rating now stands at Crisil A/Stable, compared with Crisil BBB+/Stable previously.

The rating action covers total bank loan facilities of Rs 4,500 crore. NMDC Steel disclosed the revision under Regulation 30, read with Schedule III, of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Crisil reviews NMDC Steel bank facilities

According to the exchange filing, Crisil communicated the reviewed rating through a report or letter dated August 20, 2026. The company submitted the disclosure to BSE Limited, the National Stock Exchange of India Limited and the Calcutta Stock Exchange.

  • Total bank loan facilities rated: Rs 4,500 crore
  • Revised long-term rating: Crisil A/Stable
  • Previous long-term rating: Crisil BBB+/Stable

The revision represents an upgrade in the assessed long-term rating, while the outlook remains Stable. The filing did not specify separate facility-wise amounts, instruments or maturities beyond the aggregate bank loan facilities covered by the review.

Exchange disclosure details

The filing was made under BSE scrip code 543768. NMDC Steel is identified on the NSE by the security ID NSLNISP and on the Calcutta Stock Exchange by scrip ID 74920.

Company Secretary Paraj Kanti Saha signed the intimation on behalf of NMDC Steel Limited. The company said a copy of Crisil's report or letter was enclosed with the filing for the exchanges' information and records.

The disclosure is confined to the credit-rating revision for the stated bank facilities. It does not provide additional information on borrowing costs, repayment terms or any change in the quantum of the rated facilities.

Source: BSE corporate announcement.