Runaya, a Vedanta company specialising in circular economy solutions and critical metals recovery, has strengthened its credit profile, with all its key businesses now positioned in CRISIL’s ‘A’ family rating category.

The ratings mark a progression from Runaya’s earlier BBB family profile and reflect improvements in its financial position, business resilience and diversification as it expands into higher-value and technology-intensive manufacturing.

Runaya’s businesses recorded nearly three-fold growth in consolidated revenue in FY2026, supported by increased operating scale, long-term customer relationships and expansion across metal recovery, recycling, value-added products and advanced materials.

The company said its diversified portfolio is supported by long-term contractual arrangements with leading industrial customers, providing revenue visibility. Strategic global technology partnerships and manufacturing and project execution capabilities also support its growth plans.

Runaya plans growth capital expenditure of around Rs 7 billion over the next two to three years towards capacity expansion and high-value downstream manufacturing.

A key initiative is its joint venture with Germany-based ECKART, which is nearing commissioning of an inert gas-atomised spherical aluminium powder facility in Jharsuguda, Odisha. The facility will cater to applications including aerospace, automotive coatings, solar cells, agrochemicals and additive manufacturing, while targeting 100 per cent import substitution.

The maiden rating for REL is supported by parent backing, long-term offtake arrangements, assured raw material supply and complementary capabilities of the joint venture partners.

Naivedya Agarwal, Managing Director, Runaya, said, “The A family ratings for our key businesses mark an important milestone, reflecting the scale, resilience and strength of our partnerships. As we enter our next phase of growth, we remain focused on disciplined capital deployment, operational excellence and long-term value creation.”

Neha Bhandari, Group Chief Financial Officer, Runaya, said, “The ratings reflect the progress we have made in strengthening our financial profile while scaling and diversifying our businesses. The maiden rating for REL further underscores our ability to combine global technology partnerships with strong manufacturing and execution capabilities to build high-value businesses in India.”

Runaya continues to expand across circular economy solutions, critical mineral recovery and advanced materials, supported by technology adoption, sustainability, long-term partnerships and disciplined financial and operational execution."