Jain Resource Recycling Limited's Credit Rating Revised by CRISIL After Incident
Jain Resource Recycling · Diversified Metals
Key highlights
- CRISIL revised long-term bank facility rating from A+/Stable to A+/Watch Developing
- CRISIL revised short-term bank facility rating from A1 to A1/Watch Developing
- Revision follows furnace explosion at Unit II on July 14, 2026, previously disclosed to stock exchanges
Why it's rated notable: CRISIL placed the long-term and short-term bank facility ratings on Watch Developing, which is not a stated downgrade or negative watch, following the July 14, 2026 furnace explosion at Unit II, and the filing gives no amount.
Original filing
Announcement under Regulation 30 (LODR)-Credit Rating
Read the filing on BSE (PDF) →Companies guiding to strong growth
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More from Jain Resource Recycling
- Capex / expansionNotableJain Resource Recycling Ltd announces start of copper cathode production by subsidiary
- Order winNotable· Adverse for the businessJain Resource Recycling Ltd receives safety order after fire at Unit-II
- Capex / expansionNotableJain Resource Recycling Ltd subsidiary starts Copper Anode production line
- Capex / expansionNotableJain Resource Recycling Limited reports FY26 financials and IPO listing in October 2025
Other credit rating filings this fortnight
- Zeal Aqua bank loan ratings cut to IVR BB+/Negative, moved to Issuer Not Cooperating
- Juniper Green Energy Q2 FY27: total income ₹371.64 Cr, up 132%; PAT ₹53.56 Cr
- Mangalam Global: Infomerics rates loans Rs. 248.45 Crore IVR BBB/Negative, Issuer Not Cooperating
- Shree Refrigerations Limited H1 FY27 Net Profit Up 360.9%; CARE Upgrades Rating
- IDBI Bank's long-term rating placed on Watch with Developing Implications by ICRA
- Archean Chemical's Rs.1531 crore bank facilities downgraded by CRISIL to A-/Stable
Potential multibaggers · Q2 FY27
Potential multibaggers in Diversified Metals
on management's own guidance
- Pondy OxidesGood growth2
- Strong growth1
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.