The Ramco Cements Limited — Credit Ratings, 19-12-2025: Credit Rating

ICRA Limited has reaffirmed its rating for The Ramco Cements' Non-convertible Debentures (NCDs) totaling Rs. 1300 Cr at [ICRA]AA+ (Stable). Separately, ICRA also assigned an [ICRA]AA+ (Stable) rating to proposed NCDs worth Rs. 500 Cr. The rating maintains a 'Stable' outlook for these instruments, indicating consistent credit quality.