Re: ICRA Credit Rating on Rs. 4,500.0 crore (enhanced from Rs. 2,750 crore) Line of Credit (LOC) of BEML Limited (instrument details in Annexure)Rating Agreement • May 14th, 2020
Contract Type FiledMay 14th, 2020Please refer to the Rating Agreement dated Oct 28, 2013, Feb 24, 2012 between ICRA Limited (“ICRA”) and your company, whereby, ICRA is required to review its ratings, on an annual basis, or as and when the circumstances so warrant. Also, please refer to your RRF No. BLR/2021-21/004 dated April 15, 2020 and Rating Agreement dated April 15, 2020 seeking an enhancement of the captioned LOC of your company from Rs. 2,750 crore to Rs. 4,500 crore.