KIOCL Limited — Credit Ratings, 15-10-2025: Credit Rating

CARE Ratings Limited has assigned 'CARE BBB+; Negative / CARE A2' to KIOCL Limited's ₹1,050 Cr bank facilities. The Negative outlook reflects continued operating losses and delays in captive mining operations, impacting cost competitiveness. Key strengths include Government of India's majority ownership, Mini Ratna status, and strong liquidity. Timely execution of the Devadari mine is crucial for improved performance.