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JSW Steel is primarily engaged in the business of manufacture and sale of Iron and Steel Products.It is the flagship business of the diversified, US$ 23 billion JSW Group.The Group has interests in energy, infrastructure, cement, paints, sports, and venture capital.
India Ratings & Research has upgraded JSW Steel's Issuer Rating and Non-Convertible Debentures to 'IND AA+/Stable'. This upgrade reflects significant debt reduction, primarily from a ₹37,400 Cr cash inflow generated by the slump-sale of BPSL's steel business, substantially strengthening its financial risk profile.