Crisil Ratings has assigned an ‘AA/stable’ rating to the proposed long-term bank facilities of Vedanta Iron & Steel Ltd (VISL), highlighting the company’s strong business fundamentals and improving financial profile.
A ‘Crisil AA/stable’ rating means the financial instrument has a high degree of safety regarding timely payment of interest and principal, carrying very low credit risk.
Vedanta Resources owns a majority stake in VISL.
According to Crisil, the rating is supported by the company’s diversified mining portfolio, integrated iron ore-to-steel value chain, healthy liquidity, improving leverage profile and strategic importance within the Vedanta Group.
VISL reported a consolidated net profit of ₹122 crore for the quarter ended June 30, driven by higher revenue from operations.
However, the company had posted a net loss of ₹142 crore in the year-ago quarter.
Vedanta Iron & Steel’s revenue from operations rose to ₹3,662 crore in Q1 FY27, compared to ₹3,095 crore in the corresponding quarter of the preceding fiscal.
The company operates integrated steel and mining assets, including iron ore mines and pig iron facilities, in key mineral belts.
Published on August 4, 2026