Steel Authority of India Ltd announced reaffirmations and revisions to its credit ratings from multiple agencies, including CAREEdge and CARE Ratings Limited. CAREEdge reaffirmed the rating for Long Term Bank Facilities at CARE AA with a Positive outlook, previously Stable, and reaffirmed the Short Term Bank Facilities at CARE A1+. Additionally, CAREEdge withdrew the ratings for Bonds and Commercial Paper, both previously at CARE A1+, and Secured Redeemable Non-Convertible Bonds (ISIN: INE114A07638) based on a no-dues certificate; CARE Ratings reaffirmed ratings for Bank facilities and Instruments, noting strength from SAIL's 'Maharatna' status and government support, while also indicating a total debt decline from Rs 41,740 crore to Rs 35,788 crore, with peak debt expected between Rs 80,000 crore and Rs 90,000 crore in FY30-FY31, alongside reaffirming Commercial Paper at CARE A1+ and Fund-based - LT- Term Loan at CAREAA; Positive. The ratings also reflect adequate liquidity supported by healthy gross cash accruals, sufficient cash accruals to service term debt, a 69% average utilization of working capital limits, and a strong ESG profile, alongside certifications including ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018, and the Golden Peacock Environment Management Award 2026.
Beware of fraudulent tips, unauthenticated news and advice on stock market.
At BOB Capital, your account security is our topmost priority. Beware of receiving fraudulent communications, unauthenticated trading tips and unsolicited calls on trading in stocks from unverified sources received through WhatsApp, Telegram, SMS, Calls, etc., and take an informed decision before investing.
Report unsolicited messages to the Stock Exchange on +91 8291833676 or email: feedbk_invg@nse.co.in
Please visit here to understand better.
Please visit CVC website at pledge.cvc.nic.in and take "Integrity Pledge" to be an active part of the "Satark Bharat, Samriddh Bharat" (Vigilant India, Prosperous India).
Filing complaints on SCORES - Easy & quick: a. Register on SCORES portal scores.sebi.gov.in/ b. Mandatory details for filing complaints on SCORES are i. Name, PAN, Address, Mobile Number, E-mail ID. c. Benefits: i. Effective communication ii. Speedy redressal of the grievances.
Valued Customer,
BOB Capital Markets Limited (BOBCaps) is firmly committed to the safety of your wealth. We would like to bring to your notice certain precautions that you certainly must take against potential tele-fraudsters/ unscrupulous and unregistered portfolio managers:
ALWAYS AVOID
We would like to caution you against such fraudulent calls and SMSes and urge you to be alert. Follow the golden rule:
Do not share your Login Credentials or Passwords with anybody
BOBCaps employees / representatives never ask for your password.
Certain tele-fraudsters / unscrupulous and unregistered portfolio managers call customers or SMS them on the pretext of providing investment tips and lure them to invest through their bogus firms by promising huge profits.
Such deceitful callers ask the customer to share his/her login credentials with passwords to allow trading in their accounts, assuring huge returns.
Often trades done in the customer’s accounts are far from the best interest of the customers. Holdings of customers are often sold and with the funds, trades are then placed in illiquid securities at unrealistic prices.
At times, the holdings of customers are sold at prices detrimental to the customer. The so-called “portfolio manager” assures profits, which naturally does not materialize. Customers are deceived into providing access to their trading accounts, thereby allowing such fraudsters access to funds and securities available to execute trades, injurious to the customer’s interest.
In our continuous effort to keep you safeguard from the market related frauds and increase awareness while conducting trades, we request you to go through the Press Release issued by the NSE and would request you to ensure that you do not engage with the individuals and entities mentioned below: