Jindal Saw Ltd. - Capital/Financing Update 2023

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September 15, 2023

BSE Limited National Stock Exchange of India Limited, Corporate Relation Department Listing Department, 1st Floor, New Trading Ring Exchange Plaza, Rotunga Building Phiroze Jeejeebhoy Towers Bandra Kurla Complex Dalal Street, Bandra (East) Mumbai - 400 001 Mumbai – 400 051 Stock code: 500378 Stock code: JINDALSAW

Sub.:- Disclosure of Credit Rating of the Company - Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Dear Sir,

This is with reference to the captioned subject, we wish to inform you that CARE Ratings Limited (“CARE”) vide its letters dated September 15, 2023 issued the credit rating for various instruments/banking facilities of the Company. Copies of said letters are attached for your reference.

This is for your information and record.

Thanking you,

Yours faithfully, For Jindal Saw Limited,

SUNIL KUMAR JAIN Digitally signed by SUNIL KUMAR JAIN DN: c=IN, postalCode=110087, st=DELHI, street=WEST DELHI, l=WEST DELHI, o=Personal, serialNumber=cae3445e545680b5a6a2b3c48701defa014a81587d8bcfac5d63574d4c845c00, pseudonym=a7d1dc38ba454cf08f3ed12bff9947f4, 2.5.4.20=f3920032fcfecff0d9cf750fe7967b752ec364a68d4ef72da6ace99afc8dde4c, [email protected], cn=SUNIL KUMAR JAIN Date: 2023.09.15 17:40:11 +05'30'

Sunil K Jain Company Secretary FCS- 3056

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No. CARE/NRO/RL/2023-24/1672

Shri Neeraj kumar Chief Executive Officer Jindal Saw Limited Jindal Centre, 12, Bhikaji Cama Place,

New Delhi Delhi 110066

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September 15, 2023

Confidential

Dear Sir,

Credit rating for bank facilities

On the basis of recent developments including operational and financial performance of your Company for FY23 (Audited) and Q1FY24 (Unaudited), and the possible impact of the same on the credit profile of your company our Rating Committee has reviewed the following ratings:

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----- Start of picture text -----

Amount
Facilities Rating [1] Rating Action
(Rs. crore)
CARE AA; Stable Revised from CARE AA-;
Long Term Bank 2,670.95
(Double A; Outlook: Stable (Double A Minus;
Facilities (Enhanced from 1,929.08)
Stable) Outlook: Stable)
Short Term Bank CARE A1+
36.00 Assigned
Facilities (A One Plus)
Short Term Bank 7,950.00 CARE A1+
Reaffirmed
Facilities (Enhanced from 5,000.00) (A One Plus)
10,656.95
(Rs. Ten Thousand Six
Total Facilities Hundred Fifty-Six Crore
and Ninety-Five Lakhs
Only)
----- End of picture text -----

2. Refer Annexure 1 for details of rated facilities.

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1Complete definitions of the ratings assigned are available at www.careedge.in

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CARE Ratings Limited

Corporate Office :4th Floor, Godrej Coliseum, Somaiya Hospital Road, Off Eastern Express Highway, Sion (E), Mumbai - 400 022 Phone: +91-22-

CIN-L67190MH1993PLC071691

Page 1 of 5

The rationale for the rating will be communicated to you separately. A write-up (press release) on the above rating is proposed to be issued to the press shortly, a draft of which will be communicated to you shortly for your perusal as Annexure 2 . We request you to peruse the annexed document and offer your comments if any. We are doing this as a matter of courtesy to our clients and with a view to ensure that no factual inaccuracies have inadvertently crept in. Kindly revert as early as possible. In any case, if we do not hear from you by September 14, 2023, we will proceed on the basis that you have no any comments to offer.
CARE Ratings Ltd. reserves the right to undertake a surveillance/review of the rating from time to time, based on circumstances warranting such review, subject to at least one such review/surveillance every year.
CARE Ratings Ltd. reserves the right to revise/reaffirm/withdraw the rating assigned as also revise the outlook, as a result of periodic review/surveillance, based on any event or information which in the opinion of CARE Ratings Ltd. warrants such an action. In the event of failure on the part of the entity to furnish such information, material or clarifications as may be required by CARE Ratings Ltd. so as to enable it to carry out continuous monitoring of the rating of the bank facilities, CARE Ratings Ltd. shall carry out the review on the basis of best available information throughout the life time of such bank facilities. In such cases the credit rating symbol shall be accompanied by - mentioned rating actions in any manner considered appropriate by it, without reference to you.
Our ratings do not take into account the sovereign risk, if any, attached to the foreign currency loans, and the ratings are applicable only to the rupee equivalent of these loans.
Our ratings do not factor in any rating related trigger clauses as per the terms of the facility/instrument, which may involve acceleration of payments in case of rating downgrades. However, if any such clauses are introduced and if triggered, the ratings may see volatility and sharp downgrades.
Users of this rating may kindly refer our website www.careedge.in for latest update on the outstanding rating.
CARE Ratings Ltd. ratings are not recommendations to sanction, renew, disburse or recall the concerned bank facilities.

If you need any clarification, you are welcome to approach us in this regard.

Thanking you,

Yours faithfully,

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CARE Ratings Limited

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Corporate Office :4th Floor, Godrej Coliseum, Somaiya Hospital Road, Off Eastern Express Highway, Sion (E), Mumbai - 400 022 Phone: +91-22-

CIN-L67190MH1993PLC071691

Page 2 of 5

Himanshu Pandey Analyst [email protected]

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Hitesh Avachat Associate Director [email protected]

Encl.: As above

Disclaimer

The ratings issued by CARE Ratings Limited are opinions on the likelihood of timely payment of the obligations under the rated instrument and are not recommendations to sanction, renew, disburse or recall the concerned bank facilities or to buy, sell or hold any security. These ratings do not convey suitability or price for the investor. The agency does not constitute an audit on the rated entity. CARE Ratings Limited has based its ratings/outlooks based on information obtained from reliable and credible sources. CARE Ratings Limited does not, however, guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions and the results obtained from the use of such information. Most entities whose bank facilities/instruments are rated by CARE Ratings Limited have paid a credit rating fee, based on the amount and type of bank facilities/instruments. CARE Ratings Limited or its subsidiaries/associates may also be involved with other commercial transactions with the entity. In case of partnership/proprietary concerns, the rating /outlook assigned by CARE Ratings Limited is, inter-alia, based on the capital deployed by the partners/proprietor and the current financial strength of the firm. The rating/outlook may undergo a change in case of withdrawal of capital or the unsecured loans brought in by the partners/proprietor in addition to the financial performance and other relevant factors. CARE Ratings Limited is not ting. Our ratings do not factor in any rating related trigger clauses as per the terms of the facility/instrument, which may involve acceleration of payments in case of rating downgrades. However, if any such clauses are introduced and if triggered, the ratings may see volatility and sharp downgrades.

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CARE Ratings Limited

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Corporate Office :4th Floor, Godrej Coliseum, Somaiya Hospital Road, Off Eastern Express Highway, Sion (E), Mumbai - 400 022 Phone: +91-22-

CIN-L67190MH1993PLC071691

Page 3 of 5

Annexure 1

Details of Rated Facilities

1. Long Term Facilities

1.A. Term Loans

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----- Start of picture text -----

Sr. Rated Amount
Name of Bank / Lender
No. (Rs. crore)
1. State Bank of India 1,000.00
2. Axis Bank Ltd. 160.00
3. Bank of Baroda 79.90
4. HDFC Bank Ltd. 72.22
5. Aditya Birla Finance Ltd. 40.14
6. DBS Bank India Ltd. 39.89
7. ICICI Bank Ltd. 28.10
8. State Bank of Mauritius Ltd. 26.76
9. South Indian Bank Ltd. 23.94
Total 1,470.95
----- End of picture text -----

1.B. Fund Based Limits

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Sr. Rated Amount
Name of Bank / Lender
No. (Rs. crore)
1. State Bank of India 400.00
2. HDFC Bank Ltd. 200.00
3. Punjab National Bank 195.00
4. Axis Bank Ltd. 150.00
5. Indian Bank 75.00
6. Bank of Baroda 70.00
7. Standard Chartered Bank 60.00
8. ICICI Bank Ltd. 35.00
9. RBL Bank Limited 15.00
Total 1,200.00
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Total Long Term Facilities : Rs.2,670.95 crore

2. Short Term Facilities

2.A. Non-Fund Based Limits

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CARE Ratings Limited

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Corporate Office :4th Floor, Godrej Coliseum, Somaiya Hospital Road, Off Eastern Express Highway, Sion (E), Mumbai - 400 022 Phone: +91-22-

CIN-L67190MH1993PLC071691

Page 4 of 5

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Sr. Rated Amount
Name of Bank / Lender
No. (Rs. crore)
1. State Bank of India 3,153.00
2. ICICI Bank Ltd. 730.00
3. Punjab National Bank 705.00
4. HDFC Bank Ltd. 540.00
5. Axis Bank Ltd. 460.00
6. Standard Chartered Bank 427.00
7. Indian Bank 385.00
8. Union Bank of India 350.00
9. Bank of India 350.00
10. RBL Bank Limited 225.00
11. Bank of Baroda 175.00
12. Proposed 450.00
Total 7,950.00
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2.B. Non-Fund Based Limits

Sr. No.	Name of Bank / Lender	Rated Amount (Rs. crore)
1.	State Bank of India	36.00
	Total	36.00

Total Short Term Facilities : Rs.7,986.00 crore

Total Facilities (1.A+1.B+2.A+2.B) : Rs.10,656.95 crore

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CARE Ratings Limited

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Corporate Office :4th Floor, Godrej Coliseum, Somaiya Hospital Road, Off Eastern Express Highway, Sion (E), Mumbai - 400 022 Phone: +91-22-

CIN-L67190MH1993PLC071691

Page 5 of 5

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No. CARE/NRO/RL/2023-24/1667

Shri Neeraj kumar Chief Executive Officer Jindal Saw Limited

Jindal Centre, 12, Bhikaji Cama Place,

New Delhi Delhi 110066

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September 15, 2023

Confidential

Dear Sir,

Credit rating for Commercial Paper (CP) issue aggregating Rs.400.00 crore[1]

On the basis of recent developments including operational and financial performance of your company for FY23 (Audited) and Q1FY24 (Unaudited), and the possible impact of the same on the credit profile of your company our Rating Committee has reviewed the following rating(s):

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Amount
Instrument Rating [2] Rating Action
(Rs. crore)
Commercial Paper (Carved CARE A1+
out) 400.00 (A One Plus) Reaffirmed
400.00
Total Instruments (Rs. Four Hundred
Crore Only)
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*carved out of the sanctioned working capital limits of the company.

The CP issue would be for a maturity not exceeding one year..
Please arrange to get the rating revalidated in case the issue is not made within two months from the date of this letter i.e. by November 15, 2023. Once the CP is placed, the rating is valid for the tenure of such instrument till redemption.
Please inform us the below-mentioned details of issue immediately, but not later than 7 days from the date of placing the instrument:

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1 This represents the aggregate of all CP issuances of the company outstanding at any point in time.

2Complete definitions of the ratings assigned are available at www.careedge.in

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CARE Ratings Limited

Corporate Office :4th Floor, Godrej Coliseum, Somaiya Hospital Road, Off Eastern Express Highway, Sion (E), Mumbai - 400 022 Phone: +91-22-

CIN-L67190MH1993PLC071691

Page 1 of 3

Instrument type	ISIN	Issue Size (Rs cr.)	Coupon Rate	Coupon Payment Dates	Terms of Redemption	Redemption date	Name and contact details of Trustee/IPA	Details of top 10 investors

The rationale for the rating will be communicated to you separately. A write-up (press release) on the above rating is proposed to be issued to the press shortly/by end of the day, a draft of which will be communicated to you sepeartely for your perusal as Annexure . We request you to peruse the annexed document and offer your comments if any. We are doing this as a matter of courtesy to our clients and with a view to ensure that no factual inaccuracies have inadvertently crept in. Kindly revert as early as possible. In any case, if we do not hear from you by September 18, 2023, we will proceed on the basis that you have no any comments to offer.
CARE Ratings Ltd. reserves the right to undertake a surveillance/review of the rating from time to time, based on circumstances warranting such review, subject to at least one such review/surveillance every year.
CARE Ratings Ltd. reserves the right to revise/reaffirm/withdraw the rating assigned as a result of periodic review/surveillance, based on any event or information which in the opinion of CARE Ratings Ltd. warrants such an action. In the event of failure on the part of the entity to furnish such information, material or clarifications as may be required by CARE Ratings Ltd. so as to enable it to carry out continuous monitoring of the rating of the debt instruments, CARE Ratings Ltd. shall carry out the review on the basis of best available information throughout the life time of such instruments. In such cases the credit rating symbol shall be Ratings Ltd. shall also be entitled to

publicize/disseminate all the afore-mentioned rating actions in any manner considered appropriate by it, without reference to you.

Our ratings do not factor in any rating related trigger clauses as per the terms of the facility/instrument, which may involve acceleration of payments in case of rating downgrades. However, if any such clauses are introduced and if triggered, the ratings may see volatility and sharp downgrades.
Users of this rating may kindly refer our website www.careedge.in for latest update on the outstanding rating.
CARE Ratings Ltd. ratings are not recommendations to buy, sell, or hold any securities.

If you need any clarification, you are welcome to approach us in this regard.

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CARE Ratings Limited

==> picture [118 x 166] intentionally omitted <==

Corporate Office :4th Floor, Godrej Coliseum, Somaiya Hospital Road, Off Eastern Express Highway, Sion (E), Mumbai - 400 022 Phone: +91-22-

CIN-L67190MH1993PLC071691

Page 2 of 3

Thanking you,

Yours faithfully,

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Himanshu Pandey Analyst [email protected]

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Hitesh Avachat Associate Director [email protected]

Encl.: As above

Disclaimer

The ratings issued by CARE Ratings Limited are opinions on the likelihood of timely payment of the obligations under the rated instrument and are not recommendations to sanction, renew, disburse or recall the concerned bank facilities or to buy, sell or hold any security. These ratings do not convey suitability or price for the investor. The agency does not constitute an audit on the rated entity. CARE Ratings Limited has based its ratings/outlooks based on information obtained from reliable and credible sources. CARE Ratings Limited does not, however, guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions and the results obtained from the use of such information. Most entities whose bank facilities/instruments are rated by CARE Ratings Limited have paid a credit rating fee, based on the amount and type of bank facilities/instruments. CARE Ratings Limited or its subsidiaries/associates may also be involved with other commercial transactions with the entity. In case of partnership/proprietary concerns, the rating /outlook assigned by CARE Ratings Limited is, inter-alia, based on the capital deployed by the partners/proprietor and the current financial strength of the firm. The rating/outlook may undergo a change in case of withdrawal of capital or the unsecured loans brought in by the partners/proprietor in addition to the financial performance and other relevant factors. CARE Ratings Limited is not responsible for any errors and states that it has no financial liability whatsoever to the users of CARE Ratings Our ratings do not factor in any rating related trigger clauses as per the terms of the facility/instrument, which may involve acceleration of payments in case of rating downgrades. However, if any such clauses are introduced and if triggered, the ratings may see volatility and sharp downgrades.

==> picture [99 x 36] intentionally omitted <==

CARE Ratings Limited

==> picture [118 x 166] intentionally omitted <==

Corporate Office :4th Floor, Godrej Coliseum, Somaiya Hospital Road, Off Eastern Express Highway, Sion (E), Mumbai - 400 022 Phone: +91-22-

CIN-L67190MH1993PLC071691

Page 3 of 3

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No. CARE/NRO/RL/2023-24/1666

Shri Neeraj kumar Chief Executive Officer Jindal Saw Limited

Jindal Centre, 12, Bhikaji Cama Place,

New Delhi Delhi 110066

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September 15, 2023

Confidential

Dear Sir,

Issuer Rating

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----- Start of picture text -----

Type of Rating Rating [1] Rating Action
CARE AA; Stable
Issuer rating Revised from CARE AA-; Stable
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The rating is only an opinion on the general creditworthiness of the Company and not specific to any particular debt instrument.
The rationale for the rating will be communicated to you separately. A write-up (press release) on the above rating is proposed to be issued to the press shortly, a draft of which will be communicated to you separately for your perusal as Annexure 2 . We request you to peruse the annexed document and offer your comments if any. We are doing this as a matter of courtesy to our clients and with a view to ensure that no factual inaccuracies have inadvertently crept in. Kindly revert as early as possible. In any case, if we do not hear from you by September 18, 2023, we will proceed on the basis that you have no any comments to offer.
CARE Ratings Ltd. reserves the right to undertake a surveillance/review of the rating from time to time, based on circumstances warranting such review, subject to at least one such review/surveillance every year.

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1Complete definitions of the ratings assigned are available at www.careedge.in

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CARE Ratings Limited

Corporate Office :4th Floor, Godrej Coliseum, Somaiya Hospital Road, Off Eastern Express Highway, Sion (E), Mumbai - 400 022 Phone: +91-22-

CIN-L67190MH1993PLC071691

Page 1 of 3

CARE Ratings Ltd. reserves the right to revise/reaffirm/withdraw the rating assigned as also revise the outlook, as a result of periodic review/surveillance, based on any event or information which in the opinion of CARE Ratings Ltd. warrants such an action. In the event of failure on the part of the entity to furnish such information, material or clarifications as may be required by CARE Ratings Ltd. so as to enable it to carry out continuous monitoring of the rating, CARE Ratings Ltd. shall carry out the review on the basis of best available CARE Ratings Ltd. shall also be entitled to publicize/disseminate all the afore-mentioned rating actions in any manner considered appropriate by it, without reference to you.
Our ratings do not factor in any rating related trigger clauses as per the terms of the facility/instrument, which may involve acceleration of payments in case of rating downgrades. However, if any such clauses are introduced and if triggered, the ratings may see volatility and sharp downgrades.
Users of this rating may kindly refer our website www.careedge.in for latest update on the outstanding rating.
Our Issuer Ratings are not recommendations to buy or sell any securities of the issuer.

If you need any clarification, you are welcome to approach us in this regard.

Thanking you,

Yours faithfully,

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Himanshu Pandey Analyst [email protected]

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Hitesh Avachat Associate Director [email protected]

Encl.: As above

==> picture [99 x 36] intentionally omitted <==

CARE Ratings Limited

==> picture [118 x 166] intentionally omitted <==

Corporate Office :4th Floor, Godrej Coliseum, Somaiya Hospital Road, Off Eastern Express Highway, Sion (E), Mumbai - 400 022 Phone: +91-22-

CIN-L67190MH1993PLC071691

Page 2 of 3

Disclaimer The ratings issued by CARE Ratings Limited are opinions on the likelihood of timely payment of the obligations under the rated instrument and are not recommendations to sanction, renew, disburse or recall the concerned bank facilities or to buy, sell or hold any security. These ratings do not convey suitability or price for the investor. The agency does not constitute an audit on the rated entity. CARE Ratings Limited has based its ratings/outlooks based on information obtained from reliable and credible sources. CARE Ratings Limited does not, however, guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions and the results obtained from the use of such information. Most entities whose bank facilities/instruments are rated by CARE Ratings Limited have paid a credit rating fee, based on the amount and type of bank facilities/instruments. CARE Ratings Limited or its subsidiaries/associates may also be involved with other commercial transactions with the entity. In case of partnership/proprietary concerns, the rating /outlook assigned by CARE Ratings Limited is, inter-alia, based on the capital deployed by the partners/proprietor and the current financial strength of the firm. The rating/outlook may undergo a change in case of withdrawal of capital or the unsecured loans brought in by the partners/proprietor in addition to the financial performance and other relevant factors. CARE Ratings Limited is not responsible for any errors and states that it has no financial liability whatsoever to the users Our ratings do not factor in any rating related trigger clauses as per the terms of the facility/instrument, which may involve acceleration of payments in case of rating downgrades. However, if any such clauses are introduced and if triggered, the ratings may see volatility and sharp downgrades.

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CARE Ratings Limited

==> picture [118 x 166] intentionally omitted <==

Corporate Office :4th Floor, Godrej Coliseum, Somaiya Hospital Road, Off Eastern Express Highway, Sion (E), Mumbai - 400 022 Phone: +91-22-

CIN-L67190MH1993PLC071691

Page 3 of 3

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No. CARE/NRO/RL/2023-24/1668

Shri Neeraj kumar Chief Executive Officer Jindal Saw Limited

Jindal Centre, 12, Bhikaji Cama Place,

New Delhi Delhi 110066

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September 15, 2023

Confidential

Dear Sir,

Credit rating for Non-Convertible Debenture issue

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----- Start of picture text -----

Amount
Sr. No. Instrument Rating [1] Rating Action
(Rs. crore)
CARE AA;
Revised from
Stable
CARE AA-; Stable
1. Non Convertible Debentures 500.00 (Double A;
(Double A Minus;
Outlook:
Outlook: Stable)
Stable)
500.00
Total Instruments (Rs. Five Hundred
Crore Only)
----- End of picture text -----

The NCDs are repayable on March 26, 2031 with semi- annual interest payments.
The rationale for the rating will be communicated to you separately. A write-up (press release) on the above rating is proposed to be issued to the press shortly, a draft of which will be communicated to separately for your perusal as Annexure 2 . We request you to peruse the annexed document and offer your comments if any. We are doing this as a matter of courtesy to our clients and with a view to ensure that no factual inaccuracies have inadvertently crept in. Kindly revert as early as possible. In any case, if we do not hear from you by September 18, 2023, we will proceed on the basis that you have no any comments to offer.

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1Complete definitions of the ratings assigned are available at www.careedge.in

==> picture [37 x 36] intentionally omitted <==

CARE Ratings Limited

Corporate Office :4th Floor, Godrej Coliseum, Somaiya Hospital Road, Off Eastern Express Highway, Sion (E), Mumbai - 400 022 Phone: +91-22-

CIN-L67190MH1993PLC071691

Page 1 of 3

CARE Ratings Ltd. reserves the right to undertake a surveillance/review of the rating from time to time, based on circumstances warranting such review, subject to at least one such review/surveillance every year.
CARE Ratings Ltd. reserves the right to revise/reaffirm/withdraw the rating assigned as also revise the outlook, as a result of periodic review/surveillance, based on any event or information which in the opinion of CARE Ratings Ltd. warrants such an action. In the event of failure on the part of the entity to furnish such information, material or clarifications as may be required by CARE Ratings Ltd. so as to enable it to carry out continuous monitoring of the rating of the bank facilities, CARE Ratings Ltd. shall carry out the review on the basis of best available information throughout the life time of such bank facilities. In such cases the credit to publicize/disseminate all the afore-mentioned rating actions in any manner considered appropriate by it, without reference to you.
Our ratings do not factor in any rating related trigger clauses as per the terms of the facility/instrument, which may involve acceleration of payments in case of rating downgrades. However, if any such clauses are introduced and if triggered, the ratings may see volatility and sharp downgrades.
Users of this rating may kindly refer our website www.careedge.in for latest update on the outstanding rating.
CARE Ratings Ltd. ratings are not recommendations to buy, sell, or hold any securities.
If you need any clarification, you are welcome to approach us in this regard.

Thanking you,

Yours faithfully,

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Himanshu Pandey Analyst [email protected]

==> picture [71 x 48] intentionally omitted <==

Hitesh Avachat Associate Director [email protected]

Encl.: As above

==> picture [99 x 36] intentionally omitted <==

CARE Ratings Limited

==> picture [118 x 166] intentionally omitted <==

Corporate Office :4th Floor, Godrej Coliseum, Somaiya Hospital Road, Off Eastern Express Highway, Sion (E), Mumbai - 400 022 Phone: +91-22-

CIN-L67190MH1993PLC071691

Page 2 of 3

Disclaimer

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CARE Ratings Limited

==> picture [118 x 166] intentionally omitted <==

Corporate Office :4th Floor, Godrej Coliseum, Somaiya Hospital Road, Off Eastern Express Highway, Sion (E), Mumbai - 400 022 Phone: +91-22-

CIN-L67190MH1993PLC071691

Page 3 of 3

AI assistant

Jindal Saw Ltd. Capital/Financing Update 2023

61025_rns_2023-09-15_91c3eaed-1ca2-45a9-93d5-943f40f83f25.pdf

No. CARE/NRO/RL/2023-24/1672

Confidential

Credit rating for bank facilities

2. Refer Annexure 1 for details of rated facilities.

CARE Ratings Limited

Hitesh Avachat Associate Director [email protected]

Encl.: As above

Disclaimer

Annexure 1

Details of Rated Facilities

1. Long Term Facilities

1.A. Term Loans

1.B. Fund Based Limits

Total Long Term Facilities : Rs.2,670.95 crore

2. Short Term Facilities

2.A. Non-Fund Based Limits

2.B. Non-Fund Based Limits

Total Short Term Facilities : Rs.7,986.00 crore

No. CARE/NRO/RL/2023-24/1667

Confidential

CARE Ratings Limited

Encl.: As above

Disclaimer

No. CARE/NRO/RL/2023-24/1666

Shri Neeraj kumar Chief Executive Officer Jindal Saw Limited

Confidential

Issuer Rating

No. CARE/NRO/RL/2023-24/1668

Shri Neeraj kumar Chief Executive Officer Jindal Saw Limited

Confidential

Credit rating for Non-Convertible Debenture issue

CARE Ratings Limited

Disclaimer

CARE Ratings Limited

AI assistant

Jindal Saw Ltd. — Capital/Financing Update 2023

61025_rns_2023-09-15_91c3eaed-1ca2-45a9-93d5-943f40f83f25.pdf

No. CARE/NRO/RL/2023-24/1672

Confidential

Credit rating for bank facilities

2. Refer Annexure 1 for details of rated facilities.

CARE Ratings Limited

Hitesh Avachat Associate Director [email protected]

Encl.: As above

Disclaimer

Annexure 1

Details of Rated Facilities

1. Long Term Facilities

1.A. Term Loans

1.B. Fund Based Limits

Total Long Term Facilities : Rs.2,670.95 crore

2. Short Term Facilities

2.A. Non-Fund Based Limits

2.B. Non-Fund Based Limits

Total Short Term Facilities : Rs.7,986.00 crore

No. CARE/NRO/RL/2023-24/1667

Confidential

CARE Ratings Limited

Encl.: As above

Disclaimer

No. CARE/NRO/RL/2023-24/1666

Shri Neeraj kumar Chief Executive Officer Jindal Saw Limited

Confidential

Issuer Rating

No. CARE/NRO/RL/2023-24/1668

Shri Neeraj kumar Chief Executive Officer Jindal Saw Limited

Confidential

Credit rating for Non-Convertible Debenture issue

CARE Ratings Limited

Disclaimer

CARE Ratings Limited

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