Dalmia Bharat Sugar and Industries Limited — Credit Ratings, 12-12-2025: Credit Rating- Others

ICRA Limited has reaffirmed Dalmia Bharat Sugar & Industries' Commercial Paper rating at [ICRA]A1+, and assigned the same for an enhanced amount of Rs. 1,000 crore. This reflects strong operational efficiency, diversified sugar operations, and a robust financial profile. Key factors include healthy sugar recovery, growing distillery operations, and strategic diversification into ethanol, reducing cyclicality risks.