{"id":335137,"date":"2020-02-01T11:10:53","date_gmt":"2020-02-01T05:40:53","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=335137"},"modified":"2020-02-01T11:10:53","modified_gmt":"2020-02-01T05:40:53","slug":"crisil-upgrades-jindal-steel-and-power-bank-facilities-ncds","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/crisil-upgrades-jindal-steel-and-power-bank-facilities-ncds\/","title":{"rendered":"Crisil upgrades Jindal Steel and Power bank facilities, NCDs"},"content":{"rendered":"<p>New Delhi: Crisil has upgraded its long-term and short-term ratings on the bank facilities of Jindal Steel and Power Limited (JSPL) to BBB Positive \/ A3+ positive from BBB Negative and A3. The ratings agency has also upgraded JSPL\u2019s non-convertible debentures (NCDs) worth \u20b91912 crore to BBB positive from BBB stable.<\/p>\n<p>At 1257 pm, shares of JSPL were trading 0.7% lower at \u20b9174.50 apiece on BSE, while the benchmark Sensex was 0.5% down at 40,709.68 points.<\/p>\n<p>The upgrade reflects expected improvement in JSPL&#8217;s business risk profile over the medium term on account of restart of the coal gasification process (CGP)-based Direct Reduced Iron (DRI) plant of 1.8 million tonne per annum (mtpa) at Angul, Odisha. This has not only enhanced finished steel capacity but also provided more flexibility in operations, Crisil said in a statement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi: Crisil has upgraded its long-term and short-term ratings on the bank facilities of Jindal Steel and Power Limited (JSPL) to BBB Positive \/ A3+ positive from BBB Negative and A3. The ratings agency has also upgraded JSPL\u2019s non-convertible debentures (NCDs) worth \u20b91912 crore to BBB positive from BBB stable. At 1257 pm, shares of JSPL were trading 0.7% lower at \u20b9174.50 apiece on BSE, while the benchmark Sensex was 0.5% down at 40,709.68 points. The upgrade reflects expected improvement in JSPL&#8217;s business risk profile over the medium term on account of restart of the coal gasification process (CGP)-based [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,237],"tags":[],"class_list":["post-335137","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-power-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/335137","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=335137"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/335137\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=335137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=335137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=335137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}