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Incorporated in 2015, IRM Energy Limited is a gas distribution company involved in developing, operating, and expanding of local natural gas distribution network
IRM Energy's bank facilities (Rs 900 Cr) have been reaffirmed 'CRISIL AA-/Stable' for long-term and 'CRISIL A1+' for short-term by Crisil Ratings. This reflects its strategic importance to parent Torrent Gas, healthy operating performance, and strong financial risk profile.
IRM Energy's bank facilities ratings reaffirmed by Crisil Ratings. Long-term rating remains Crisil AA-, but the outlook has been upgraded from 'Negative' to 'Stable'. Short-term rating Crisil A1+ also reaffirmed. This positive shift is due to expected sustained improvement in operating performance, strong demand, and a robust financial profile despite...