Moodys Awards JSW Steel BA1 Rating

12 Dec 2023 CW Team

Moody's, the global credit rating agency, has assigned a BA1 Corporate Family Rating to JSW Steel, reflecting a positive outlook for the company. This rating emphasises JSW Steel's robust financial standing and its ability to weather economic challenges. The BA1 rating takes into account the company's operational efficiency, market position, and strategic initiatives, positioning JSW Steel as a strong player in the industry.

The assigned rating acknowledges JSW Steel's resilience and proactive measures in navigating the dynamics of the construction and steel sector. Moody's assessment reflects confidence in JSW Steel's management, financial policies, and its capacity to generate sustainable value.

JSW Steel's BA1 Corporate Family Rating signifies solid creditworthiness, indicating favourable conditions for the company in the financial markets. This recognition from Moody's is expected to further enhance JSW Steel's standing in the industry and attract investor confidence. The positive outlook provided by the BA1 rating underscores JSW Steel's potential for continued growth and success in the construction and steel sector.

Infrastructure Energy

23 Oct 2025

GAIL to Set Up Bengaluru CBG Plant Under New Concession Pact

GAIL (India) Limited has signed a 20-year concession agreement with the Bengaluru City Municipal Corporation (BBMP) to set up a compressed biogas (CBG) plant in the city. The project, expected to produce around 10 tonnes of CBG daily, will utilise municipal solid waste as feedstock, contributing to clean energy generation and efficient waste management. The CBG produced will be used in GAIL’s City Gas Distribution network to promote cleaner fuel usage. The initiative aligns with the government’s Sustainable Alternative Towards Affordable Transportation (SATAT) scheme and GAIL’s broader ..

Uttarakhand HC Lifts 31-Year Ban on ONGC’s Contractual Hiring

The Uttarakhand High Court has lifted a 31-year-old ban on the Oil and Natural Gas Corporation (ONGC) from hiring contractual workers, a restriction imposed in 1993. The decision enables ONGC’s Dehradun establishment to employ personnel on a contractual basis to meet operational requirements. The long-standing prohibition had limited ONGC’s ability to fill vacancies in its technical and administrative departments, often leading to project delays and higher dependence on outsourcing. With the court’s directive, the public sector enterprise can now proceed with temporary recruitments whil..

JSW Energy’s Utkal Unit Bags 400 MW, 25-Year Power Supply Deal

JSW Energy Limited announced that its subsidiary, JSW Energy (Utkal) Limited, has secured a Letter of Award (LoA) from Karnataka’s Power Company of Karnataka Limited (PCKL) for the supply of 400 MW of electricity for 25 years. The agreement is part of a competitive bidding process for long-term procurement of power to meet the state’s growing energy demand. The 400 MW capacity will be supplied from JSW Energy’s upcoming thermal power project in Odisha. This development strengthens JSW Energy’s presence in the southern market and aligns with its strategy to enhance long-term contracte..