ICRA assigns credit ratings to JSW Tuticorin Terminal

JSW Infrastructure announced today that ICRA Limited has assigned credit ratings to its subsidiary, JSW Tuticorin Multipurpose Terminal Private Limited (JTMTPL). ICRA assigned a "[ICRA]A1" rating to JTMTPL's short-term fund-based working capital facilities, amounting to INR 3 crore. Long-term/short-term non-fund-based working capital facilities, valued at INR 40 crore, received a rating of "[ICRA]A+(Stable)/[ICRA]A1," and the long-term fund-based term loan of INR 500 crore was rated "[ICRA]A+ (Stable)." JTMTPL is currently in the initial phase of executing a project for the mechanization of the North Cargo Berth-III at V.O. Chidambaranar Port. The ratings reflect ICRA's assessment of JTMTPL's financial standing and project execution capabilities.