ICRA Upgrades and Assigns Credit Rating for SPML Infra Instruments Valued at 1,595 Crore
ICRA has upgraded and assigned credit ratings for various instruments belonging to SPML Infra Limited, encompassing long-term fund based and non fund based facilities. The rating actions were issued by ICRA on July 2, 2026.The updated ratings cover a portfolio of debt instruments totaling 1,595.00 crore across different types, including term loans, non fund based facilities, cash credit, and proposed fund based facilities.
Key details regarding the rating actions for SPML Infra’s instruments are provided in the table below:
| Instrument | Amount (Rs. in crore) | Rating Action |
|---|---|---|
| Long term fund based Term Loan | 380.00 | [ICRA]BBB(Stable), upgraded from [ICRA]BBB-(Stable) |
| Long term/ Short term Non fund based facilities-Others | 1000.00 | [ICRA]BBB(Stable)/[ICRA]JA3+, upgraded from [ICRA]BBB-(Stable)/[ICRAJA3 and assigned for enhanced amount |
| Long term fund based-Cash Credit | 200.00 | [ICRA]BBB(Stable), upgraded from [ICRA]BBB-(Stable) and assigned for enhanced amount |
| Long term - Proposed fund based facilities | 15.00 | [ICRA]BBB(Stable), upgraded from [ICRA]BBB-(Stable) |
The rating actions include upgrades and assignments across the instruments, indicating improved financial standing for SPML Infra Limited.
SPMLINFRA Stock Price Movement
On Thursday, SPML Infra Limited shares gained 1.41%, settling at ₹198.49 after the equity advanced by ₹2.74. The stock traded within a daily range of ₹195.25 to ₹203.9 and saw a trading volume of 708,378 shares.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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