Coal news and updates

Shree Cement receives affirmation in CRISIL credit rating

Shree Cement Limited announced that CRISIL Ratings has reaffirmed its credit ratings, maintaining a CRISIL AAA/Stable rating for its long-term bank facilities and non-convertible debentures, and a CRISIL A1+ rating for its short-term bank facilities and commercial paper, according to a BSE filing.

“Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we inform that Rating Agency i.e. CRISIL Ratings Limited has reaffirmed the credit rating of CRISIL A1+ (Crisil A one plus rating),” the filing said.

Shree Cement has posted a 95 percent increase in its profit after tax (PAT) at Rs 619 crore during April-June quarter (Q1) of 2025-26 (FY26) as compared to Rs 318 crore during the year-ago quarter.

The cement major is expecting to grow by around 7 percent to a volume of around 39 million tons during 2025-26 (FY26).