ScoutQuest14 Oct 2026
Godrej Industries500164Credit rating maintained/reaffirmed

ICRA reaffirms [ICRA] AA+ (Stable)/[ICRA] A1+ on Godrej Industries; assigns AA+ (Stable) to proposed Rs.1,500 crore NCDs

By ScoutQuest · · 1 min read

[ICRA]AA+Reaffirmed · ICRA Limited
Reaffirmed by ICRA Limited · [ICRA]AA+ · outlook Stable.
NCD programme rating reaffirmed
[ICRA] AA+ (Stable) on the NCD programme (Rs.8,700 crore total)
Commercial paper rating reaffirmed
[ICRA] A1+ on the Rs.3,500 crore commercial paper
Proposed NCDs assigned rating
[ICRA] AA+ (Stable) assigned to proposed Rs.1,500 crore NCDs
Agency
ICRA Limited
Action
Reaffirmed

ICRA reaffirms [ICRA] AA+ (Stable)/[ICRA] A1+ on Godrej Industries; assigns AA+ (Stable) to proposed Rs.1,500 crore NCDs.

SEBI penny-drop circular date SEBI Circular No. SEBI/HO/DDHS/DDHS-PoD-3/P/CIR/2024/160
Rating letter date
SEBI penny-drop circular date 18 Nov 2024 · Rating letter date 14 Oct 2026
More numbers
  • Proposed NCD rated amount1,500.00 (Rs. crore)
  • NCD programme total rated amount8,700.00 (Rs. crore)
  • Commercial paper programme rated amount3,500.00 (Rs. crore)
  • Long-term/short-term unallocated limits rated amount1,678.00 (Rs. crore)
  • Long-term fund-based - term loan rated amount246.00 (Rs. crore)
  • Short-term non-fund-based facilities rated amount126.00 (Rs. crore)
  • Total rated amount (long-term and short-term)2140.00 (Rs. crore)
Source: BSE · 14 Oct 2026

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