Tejas Cargo India Limited — Credit Ratings, 02-05-2025: Credit Rating

CARE Ratings has assigned Tejas Cargo India Limited a long-term rating of CARE BBB- with a stable outlook and a short-term rating of CARE A3 for bank facilities totaling ₹210 crore. The ratings reflect the company’s adequate financial profile supported by moderate debt, including term loans of ₹124.3 crore and short-term borrowings of ₹85.7 crore. The stable outlook signals expectations of steady financial risk and liquidity going forward. This rating action is likely to bolster investor confidence and help maintain competitive borrowing costs, ensuring sustainable access to bank financing.