Welspun Corp Limited — Credit Ratings, 02-12-2025: Credit Rating

CareEdge Ratings and CRISIL have reaffirmed Welspun Corp's ratings. Long-term instruments like NCDs and bank facilities are rated AA+/Stable, while short-term commercial paper and bank facilities are rated A1+. This reflects the company's strong financial health, reduced debt (Gross Debt/EBITDA 0.55x), healthy liquidity (₹1,981 Cr cash), diversified business with new capacities (DI Pipes, TMT), and a robust order book.