New Delhi : India’s leading stainless steel manufacturer, Jindal Stainless Limited (JSL) hasearnedan outlook upgrade of ‘Positive’ from ‘Stable’from the CRISIL Ratingson the long-term bank facilities and debt programme, and a reaffirmed rating
Crisil expects JSL s business risk profile to continue improving, driven by its focus on high-margin segments, synergies arising from its recent acquisitions, and the completion of its planned capex in fiscal 2024.
The rating agency has revised its outlook in view of the Company’s improved business risk profile, an expected uptick in scale and forward integration with capacity expansion and acquisitions.