Tejas Cargo India Limited — Credit Ratings, 29-07-2026: Credit Rating- New

ICRA Limited reaffirmed Tejas Cargo India's long-term rating at [ICRA]BBB+ (Stable) and short-term at [ICRA]A2 for its credit facilities. The agency also assigned these ratings to enhanced/new facilities, totaling ₹301.00 Cr. This reflects TCIL's steady operations, strong revenue growth (₹628 Cr in FY2026), healthy margins, and robust financial risk profile, backed by established client relationships and pan-India presence.