ICRA upgrades PTC Industries credit rating to ICRA A(Stable)
pre-market1 source ↓written by the desknot a recommendation
- facilities increasing
- ₹175 cr
- ₹355 cr
- effective
- 27 Mar 2026
ICRA Limited has upgraded the credit rating for PTC Industries Limited to ICRA A(Stable) for long-term loans and ICRA A1 for short-term limits. This upgrade reflects improved scale and earnings, with total rated facilities increasing from ₹175 cr to ₹355 cr.
The rating action, effective 27 Mar 2026, indicates confidence in PTCIL’s growth, particularly in the aerospace and defense sectors, following the commissioning of key assets like VAR and VIM furnaces.
Not investment advice. For informational purposes only.