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CARE ratings for Indian debt instruments-Aug 31

    Aug 31  - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE) for
local debt instruments as of August 28, 2020.

COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
A.B. Pal Electricals Pvt Ltd         ST Bk Fac         CARE A4       425    Reaffirmed
(reduced from 43.50 Crore)
Bengal Antibiotics                   ST Bk Fac         CARE D;       6      Revised from
                                                                            CARE A4
(Issuer not cooperating; on the basis of best available information)
Carson Overseas                      ST Bk Fac         CARE A4+      110    Reaffirmed
(Enhanced from 5.00 Crore)
Divine Infrastructure                ST BkFac          CARE A4;      80     -
(Issuer not cooperating; based on best available information)
G M Dalui And Sons Pvt Ltd           ST BkFac          CARE A4       130    Revised from
                                                                            CARE A4
(Issuer not cooperating)
Haldia Floating Terminal Pvt Ltd     ST Bk Fac         CARE A2+ (CE) 43.9   Assigned
                                                       (Credit
                                                       Enhancement)
Note-The ratings are backed by unconditional and irrevocable corporate guarantee extended by
Bothra Shipping Services Private Limited (BSPL)
Jai Bajrang Bajaj                    ST Bk Fac         CARE A4;      6      -
(Issuer not cooperating; based on best available information)
Jindal Stainless Ltd                 ST Bk Fac (NonFundCARE A3+      36000  Revised from
                                     Based)                                 CARE A3
(reduced from 3925.00 Crore)
Kamdhenu Ltd                         ST Bk Fac         CARE A2       200    -
(Continues to be on credit watch )
Mahavir Construction Company         ST Bk Fac         CARE A4;      80     -
(Issuer not cooperating; based on best available information)
New Manasa Mata Foods                ST Bk Fac         CARE A4;      4.5    -
(Issuer not cooperating; based on best available information)
Rajkishore Singh                     ST Bk Fac         CARE A4;      20     -
(Issuer not cooperating; based on best available information)
Saha & Mondal Construction           ST Bk Fac         CARE A4;      80     -
(Issuer not cooperating; based on best available information)
Hillsfood Agro Beverages Pvt Ltd     Short- term Bk FacCARE D;       3      -
(Issuer not cooperating; based on best available information)
Sai Lilagar Power Generation Ltd     ST Bk Fac         -             -      Withdrawn
Sai Wardha Power Generation Ltd      ST Bk Fac         CARE D;       1050   -
(Issuer not cooperating; based on best available information)
Imp Powers Ltd                       ST Bk Fac         CARE D        983    Reaffirmed
(Removed from Issuer not cooperating)(reduced from 130 Crore)
Shamsons Polymers Pvt Ltd            ST Bk FacLT/ST    CARE A4       -      Reaffirmed
                                     BkFac
(Enhanced from 1.20 Crore)

LONG TERM RATINGS:
-------------------
A.B. Pal Electricals Pvt Ltd         LT Bk Fac         CARE BB-;     242    Reaffirmed
                                                       Stable
(enhanced from 13.00 Crore)
Aarryaveer Oil Industries Pvt Ltd    LT BkFac          -             -      Reaffirmed at
                                                                            CARE BB;
                                                                            Stable and Withdrawn
Agrifem Industries                   LT BkFac          CARE B; Stable48.7   Revised from
                                                                            CARE B-;
                                                                            Stable
(Removed from Issuer not cooperating)(Reduced from 5.18 Crore)
Ampsolar Technology Pvt Ltd          LT/ST BkFac       CARE BBB-;    100^   Reaffirmed
                                                       Stable/CARE A3
(Reduced from 20.00 Crore),^The rated facilities have been reclassified, in amendment to the
previous bridge loan facility of Rs. 20.00 crore and the company has now availed non-fund based
facilities of Rs.10.00 crore. 
Bd Agro Foods                        LT Bk Fac         CARE B-;      134.1  Revised from
                                                       Stable;              CARE B; Stable
(Issuer not cooperating; on the basis of best available information)
Bengal Antibiotics                   LT Bk Fac         CARE D;       52     Revised from
                                                                            CARE B
(Issuer not cooperating; on the basis of best available information)
Carson Overseas                      LT Bk Fac         -             0      Withdrawn
Carson Overseas                      LT Bk Fac         CARE BB+;     51     Reaffirmed
                                                       Stable
(Enhanced from 0.33 Crore)
Commercial Carriers Ltd              LT Bk Fac         CARE D;       59.9   -
(Issuer not cooperating; based on best available information)
Darbhanga Motihari Transmission Co.  NCD issue         CARE AAA;     7700   -
Ltd                                                    Credit watch
                                                       with Negative
                                                       Implications
(Rating put under Credit watch )
Dbl Rewa Sidhi Highways Pvt Ltd      LT Bk Fac         CARE A-;      3352   Reaffirmed
                                                       Stable
Divine Infrastructure                LT BkFac          CARE B+;      36.5   Revised from
                                                       Stable;              CARE BB-;
                                                                            Stable
(Issuer not cooperating; on the basis of best available information)
G M Dalui And Sons Pvt Ltd           LT BkFac          CARE B; Stable60     Revised from
                                                                            CARE B+;
                                                                            Stable
(Issuer not cooperating)
Gagan Agro And Rice Exporters        LT Bk Fac         CARE D;       190    -
(Issuer not cooperating; based on best available information)
Gangapada Super Speciality Hospital  LT BkFac          CARE B;       100    Revised from
Pvt Ltd                                                Stable;              CARE B+;
                                                                            Stable
(Issuer not cooperating; on the basis of best available information)
Gati Infrastructure Bhasmey Power PvtLT Bk Fac         CARE D;       2853.4 -
Ltd
(Issuer not cooperating; based on best available information)
Gour Flour Mills Pvt Ltd             LT Bk Fac         CARE B;       80     Revised from
                                                                            CARE B+
(Issuer not cooperating; based on best available information)
Haldia Floating Terminal Pvt Ltd     LT Bk Fac         CARE A- (CE); 221.3  Assigned
                                                       Stable (Credit
                                                       Enhancement)
Note-The ratings are backed by unconditional and irrevocable corporate guarantee extended by
Bothra Shipping Services Private Limited (BSPL)
Hibza Foods Pvt Ltd                  LT BkFac          CARE B; Stable154.5  -
(Issuer not cooperating; based on best available information)
Hillsfood Agro Beverages Pvt Ltd     LT Bk Fac         CARE D;       89.6   -
(Issuer not cooperating; based on best available information)
Hmp Hotels Pvt Ltd                   LT Bk Fac         CARE D;       51     -
(Issuer not cooperating; based on best available information)
Hotel Meghna                         LT BkFac          CARE BB-;     142.1  Revised from
                                                       Negative             CARE BB-;
                                                                            Stable
Imp Powers Ltd                       LT Bk Fac         CARE D        2847.6 Reaffirmed
(Removed from Issuer not cooperating) (reduced from 374.53 Crore)
Jai Bajrang Bajaj                    LT Bk Fac         CARE B;       52.5   Revised from
                                                                            CARE B+
(Issuer not cooperating; based on best available information)
Jai Bharat Gum And Chemicals Ltd     Bk Fac-Fund       -             -      Reaffirmed at
                                     Based-LT- Proposed                     CARE BB+,
                                                                            Stable / CARE A4 and
                                                                            withdrawn
(Issuer not cooperating)
Jai Bharat Gum And Chemicals Ltd     Bk Fac-Fund       -             -      Reaffirmed at
                                     Based-ST-EPC/PCFC                      CARE BB+,
                                                                            Stable / CARE A4 and
                                                                            withdrawn
(Issuer not cooperating)
Jai Bharat Gum And Chemicals Ltd     Bk Fac-Fund       -             -      Reaffirmed at
                                     Based-ST-FBN/FBP                       CARE BB+,
                                                                            Stable / CARE A4 and
                                                                            withdrawn
(Issuer not cooperating)
Jai Bharat Gum And Chemicals Ltd     Bk Fac-Non Fund   -             -      Reaffirmed at
                                     Based-ST-BG/LC                         CARE BB+,
                                                                            Stable / CARE A4 and
                                                                            withdrawn
(Issuer not cooperating)
Jai Bharat Gum And Chemicals Ltd     Bk Fac-Non Fund   -             -      Reaffirmed at
                                     Based                                  CARE BB+,
                                                                            Stable / CARE A4 and
                                                                            withdrawn
(Issuer not cooperating)
Jindal Stainless Ltd                 LT Bk Fac (TL)    CARE BBB;     14401.5Revised from
                                                       Stable               CARE BBB-;
                                                                            Stable
(reduced from 1,454.14 Crore)
Jindal Stainless Ltd                 LT Bk Fac (Fund   CARE BBB;     7410   Revised from
                                     Based)            Stable               CARE BBB-;
                                                                            Stable
(reduced from 920.00 Crore)
Jindal Stainless Ltd                 LT Bk Fac (ECBs)  CARE BBB;     2763.4 Revised from
                                                       Stable               CARE BBB-;
                                                                            Stable
(reduced from 505.73 Crore)
Jindal Stainless Ltd                 NCDs (NCD)        CARE BBB;     976.8  Revised from
                                                       Stable               CARE BBB-;
                                                                            Stable
(reduced from 128.28 Crore)
Kamdhenu Ltd                         LT Bk Fac         CARE BBB+     1300   -
(Continues to be on credit watch )
Kathpal Dairies                      LT Bk Fac         CARE D;       196    -
(Issuer not cooperating; based on best available information)
Kosmo One Business Park Ltd (FormerlyLT BkFac          CARE BBB+;    6082.4 Reaffirmed
Known As Indiabulls Infrastructure Ltd)                Stable
(reduced from 740.00 Crore)
Ksk Energy Ltd                       LT Bk Fac         CARE D;       1950   -
(Issuer not cooperating; based on best available information)
Ksk Water Infrastructures Pvt Ltd    LT Bk Fac         CARE D;       6367.3 -
(Issuer not cooperating; based on best available information)
Livfin India Pvt Ltd                 LT Bk Fac         CARE BBB-;    250    Reaffirmed
                                                       Stable
Maa Maharani Rice Mill               LT Bk Fac         CARE D;       60.7   -
(Issuer not cooperating; based on best available information)
Mahavir Construction Company         LT Bk Fac         CARE B-;      9      Revised from
                                                       Stable;              CARE B; Stable
(Issuer not cooperating; on the basis of best available information)
New Manasa Mata Foods                LT Bk Fac         CARE B-;      38.6   Revised from
                                                       Stable;              CARE B; Stable
(Issuer not cooperating; on the basis of best available information)
New Manasa Mata Foods                LT Bk Fac         CARE B-;      33     Revised from
                                                       Stable;              CARE B; Stable
(Issuer not cooperating; on the basis of best available information)
Pmi Coaches Pvt Ltd                  LT Fac            CARE BB;      150    Assigned
                                                       Stable
Pmi Coaches Pvt Ltd                  LT/ST Fac         CARE BB;      150    Assigned
                                                       Stable/CARE A4
Prateek Industries                   LT BkFac          CARE B; Stable97     Revised from
                                                                            CARE B+;
                                                                            Stable
(Issuer not cooperating; on the basis of best available information)
Promont Hillside Pvt Ltd             NCDs              -             -      Withdrawn
Rajkishore Singh                     LT Bk Fac         CARE C;       10     Revised from
                                                       Stable;              CARE B; Stable
(Issuer not cooperating; on the basis of best available information)
Ravindra Kumar Singh                 LT Bk Fac         CARE C;       90     Revised from
                                                       Stable;              CARE B-;
                                                                            Stable
(Issuer not cooperating; on the basis of best available information)
Saha & Mondal Construction           LT Bk Fac         CARE B-;      20     Revised from
                                                       Stable;              CARE B+;
                                                                            Stable
(Issuer not cooperating; on the basis of best available information)
Sai Lilagar Power Generation Ltd     LT Bk Fac         -             -      Withdrawn
Sai Wardha Power Generation Ltd      LT/ ST Bk Fac     CARE D/CARE D;4030   -
(Issuer not cooperating; based on best available information)
Sai Wardha Power Generation Ltd      LT Bk Fac         CARE D;       24939.8-
(Issuer not cooperating; based on best available information)
Shamsons Polymers Pvt Ltd            LT Bk Fac         CARE BB;      79.3   Reaffirmed
                                                       Stable
(Reduced from 10.80 Crore)
Shiv Dal Mill                        LT Bk Fac         CARE B; Stable100    Revised from
                                                                            CARE B+;
                                                                            Stable
(Issuer not cooperating; based on best available information)
Shyam Industries_Nagaur              LT Bk Fac         -             -      Reaffirmed at
                                                                            CARE B+;
                                                                            Stable and withdrawn
Smt Machines India Ltd               LT Bk Fac         CARE D;       62     -
(Issuer not cooperating; based on best available information)
Spn Rugs                             LT / ST Bk Fac    CARE BB;      120    Revised from
                                                       Stable; /CARE        CARE BB+;
                                                       A4;                  Stable / CARE A4+
(Issuer not cooperating; on the basis of best available information)
Tamilnadu Urban Finance And          Issuer Rating     -             -      Withdrawn
Infrastructure Development Corporation
Ltd
Tourism Finance Corporation Of India LT Bonds          CARE A+;      6815   Reaffirmed
                                                       Negative
Vishnu Saran And Company             Bk Fac-Fund       -             -      Reaffirmed at
                                     Based-LT-Bk                            CARE B+and
                                     Overdraft                              withdrawn
(Issuer not cooperating)
Vishnu Saran And Company             Bk Fac-Non Fund   -             -      Reaffirmed at
                                     Based-ST-BG/LC                         CARE B+and
                                                                            withdrawn
(Issuer not cooperating)
--------------------------------------------------------------------------------------------
$: Rating watch with positive implication
#: Rating Watch with Developing implications
@: Rating Watch with Negative Implications
%: Rating under Credit Watch
wd -Rating Stands Withdrawn
sp -Rating Suspended
pp -Principal Protected
pn -Principal Not Protected

CARE may apply + or - signs for ratings to reflect a comparative standing within the category.

BG-Bank Guarantee; CC-Cash Credit; CCPS-Cumulative Convertible Preference Share; CD-Certificate
of Deposit; CLO-Collateralized Loan Obligation; CPA-Claims Paying Ability; CP-Commercial
Paper; CPS-convertible preference shares; CRPS- Cumulative Redeemable Convertible Preference
shares; DDB-Deep Discount Bond; EPBI-Exchange premium bond; FBL-Fund Based Limits; FRB/FRN
-Floating Rate Bond/Note; ICD -Inter Corporate Deposit; ITD-Immediate Term Debt; LOC-Letter of
Credit; LT -Long Term; LTB -Long Term Borrowing; LTD -Long Term Debt; MOCD-multiple option
convertible debenture; MTD -Medium term Debenture; MTN-medium term notes; NCD(SO) -
Non-Convertible Debenture-(Structured Obligation); NCD-Non-convertible Debentures; NCRB-Non
Convertible Redeemable Bonds; NM-Not Meaningful; OCD-optionally convertible debenture; OD-Over
Draft; OFCD-Optionally Fully Convertible Debenture; PCD-Partially Convertible Debenture;
PCN-partly convertible notes; PCPS-Partly Convertible Preference Share; POCD-partly optional;
PP-privately placed; PSPC-Post Shipment & Packing Credit; PS-Preference Shares; PTC-Pass
Through Certificates; RPS-Redeemable Preference Shares; SCPN-secured convertible preference
notes; SDO-Structured Debt Obligation; SLR-Statutory Liquidity Ratio; SO-Structured
Obligation; SPCD - Secured Partly Convertible Debentures; SPN-secured premium notes; STB-Short
Term Bond; STD-Short Term Debentures; ST-Short Term; Sub. Bonds-Subordinate Bonds; TB-Taxable
Bond; TFB-Tax Free Bond; TL-Term Loan; TOCD-triple option convertible debentures.

(Mumbai Rate Reporting Unit + 91 22 6180 7222/3317 7222, E-mail at rru.data@refinitiv.com)
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