Beekay Steel Industries Ltd — Important, 10-12-2025: Company Update

Beekay Steel Industries Ltd. received an affirmation of its bank loan facilities rating at 'IND A'/Stable by India Ratings & Research (Ind-Ra). This action applies to existing facilities totaling INR 423 crore and newly assigned facilities of INR 61 crore. The rating reflects the company's stable EBITDA from its conversion business, adequate liquidity, and comfortable credit metrics. Ind-Ra anticipates a recovery in operational performance in the second half of FY26, driven by the commercialization of its Cuttack unit and increased conversion volumes. Identified risks include raw material price volatility and customer concentration. This update provides insight into the company's financial health and future outlook.