Pursuant to Regulation 30(6) read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), we are pleased to inform you that credit rating agency, Care Ratings Limited, has upgraded its Rating from CARE A(-) with 'Stable' outlook to CARE A(+) with 'Stable' outlook on the Long Term Bank Facilities and from 'CARE A2+' to 'CARE A1+' for Short Term Bank Facilities of Jindal Steel and Power Limited.
The ratings are upgraded to CARE A(+) with Stable outlook for Long Term Bank Facilities and CARE A1+ for Short Term Bank Facilities.