Rane Madras Ltd Bank Loan Facilities Receive Rating Upgrades from CRISIL
Rane (Madras) Limited has seen its bank loan facilities receive upgraded credit ratings from CRISIL Limited, according to a rating announcement made on July 09, 2026. The upgrades pertain to the company’s long-term and short-term debt instruments, which collectively stand at Rs. 1,085 Crore.CRISIL provided the revised ratings based on continuous surveillance of the company’s financial standing.
The ratings for the facilities are as follows:
| Facility Type | Current Rating | Upgraded From |
|---|---|---|
| Long-Term Facilities | CRISIL AA-/Stable | CRISIL A+/Stable |
| Short-Term Facilities | CRISIL A1+ | CRISIL A1 |
Rane Madras Limited has a total of Rs. 1,085 Crore in bank loan facilities under review by the rating agency. The breakdown of these facilities across different banks and terms is provided below:
| Bank Facility Type | Amount (Rs. in Crore) | Rating |
|---|---|---|
| Long Term Facilities | 38.6 | Crisil AA-/Stable |
| Short Term Facilities | 1,046.4 | Crisil A1+ |
The short-term facilities are spread across several lending institutions, including State Bank of India (Rs. 465 Crore), Kotak Mahindra Bank Limited (Rs. 50 Crore), HDFC Bank Limited (Rs. 135 Crore), Axis Bank Limited (Rs. 25 Crore), Bank of Baroda (Rs. 100 Crore), ICICI Bank Limited (Rs. 25 Crore), DBS Bank India Limited (Rs. 25 Crore), Standard Chartered Bank (Rs. 140 Crore), and Bank of Baroda (Rs. 100 Crore).
In addition to the short-term debt, the company also has specific term loans rated by CRISIL:
| Lender | Facility Type | Amount (Rs. in Crore) | Rating |
|---|---|---|---|
| Exim Bank | Term Loan | 22.51 | Crisil AA-/Stable |
| HDFC Bank Limited | Term Loan | 58.89 | Crisil AA-/Stable |
CRISIL Ratings noted that the ratings are subject to continuous surveillance and reserve the right to revise them based on new information or circumstances impacting the rating.
RML Stock Price Movement
Rane (Madras) Limited shares finished today in positive territory, gaining 2.17% and settling at ₹1277.3 as traders closed out the session. The stock surged impressively during trading, reaching a high of ₹1323.9 and marking a significant push toward its annual range high.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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