Brickwork Ratings Assigns Credit Ratings for Mahamaya Steel Industries' Bank Facilities
Brickwork Ratings India Private Limited has assigned credit ratings for the bank facilities of Mahamaya Steel Industries Ltd., providing transparency regarding the company's debt structure, according to a rating rationale issued on June 22, 2026.The assignment covers both Long Term and Short Term non-fund based facilities sanctioned to Mahamaya Steel Industries. The ratings are valid for twelve months from the date of communication.
Key details of the assigned credit ratings and facilities are summarized below:
| Instrument/Facilities | Amount (Rs Crores) | Rating | Rating Action |
|---|---|---|---|
| Long Term Bank Facilities Fund Based | 51.47 | BWR BBB+ / Stable | Assigned |
| Short Term Non-Fund Based | (15.00) | BWRa2 | Assigned |
The rating for the long term fund based facilities stands at Rs 51.47 Crores, which corresponds to a BWR BBB+ /Stable Assignment. This amount is derived from Cash Credit sanctioned at 50.00 Crores and GECL 2.0 outstanding at 1.47 Crores.
For the short term facilities, a limit of Rs 15.00 Crores has been assigned the rating BWRa2. The grand total of the rated bank loan facilities amounts to Rs 51.47 Crores (Rupees Fifty One Crores and Forty Seven lakhs Only).
Brickwork Ratings stated that they will continuously monitor the rated bank loan facilities throughout the validity period. The company is required to submit specific documentation, including confirmation of compliance with sanction terms, periodical inventories, booked debits, bills receivable statements, Quarterly Information Statements (QIS), Half Yearly Information Statements (HYIS), and certified copies of quarterly financial statements.
MAHASTEEL Stock Price Movement
Shares of Mahamaya Steel Industries Limited are edging higher to ₹849.15 as of 11:29 AM today, climbing by 0.72% in live trading. The stock is showing activity in the market, with a reported volume of 929 shares so far.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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