(Repeating to add more ratings.) Apr 5 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating Agency Ltd. (ICRA) for local debt instruments as of April 4, 2018. COMPANY INSTRUMENT RATING AMOUNT MOVEMENT (RS.MLN) ------ ---------- ------ ----- --------- SHORT TERM RATINGS: ------------------- Airports Authority Of India CP ICRA A1+ 7500 outstanding Balu India ST, Non-FBL ICRA A4 150 Reaffirmed Balu India ST, Fund Based Limit - - - Classic Cotton Pvt Ltd ST FB – SLC - - - Eagle Electricals Non-fund ICRA A4 70 Reaffirmed based-Working Capital Gayathri Exports ST – FB Fac ICRA A4 370 Reaffirmed Graduate Agro And Mechanical Non FB Limits ICRA A4 97.5 Reaffirmed Engineers Removed from the ‘Issuer Not Cooperating’ category India Infoline Finance Ltd PTC Series A Provisional 450 onfirmed as ICRA A1+(SO) final Indoco Remedies Ltd ST, FB Limits ICRA A1+ 200 Reaffirmed Indoco Remedies Ltd ST, Non-FBL ICRA A1+ 132.5 Reaffirmed Indoco Remedies Ltd CP Programme ICRA A1+ 250 Reaffirmed Jamshedpur Utilities And BG ICRA A2+ 700 Assigned Services Co. Ltd Krishna Antioxidants Pvt Ltd ST Fund based ICRA A3+ 400 revised from ICRA A2 Krishna Antioxidants Pvt Ltd ST Non-fund based ICRA A3+ 610 revised from ICRA A2 Lucky Exports FBL ICRA A4+ 460 - Rating moved to the ‘Issuer Not Cooperating’ category Lucky Exports Non- FBL ICRA A4+ 1200 - Rating moved to the ‘Issuer Not Cooperating’ category Lucky Exports Unallocated limits ICRA A4+ 40 - Rating moved to the ‘Issuer Not Cooperating’ category National Highways Authority Of Fund based- Overdraft ICRA A1+ 50000 Reaffirmed India Newgen Software Technologies ST – Fund Based ICRA A2+ 700 Reaffirmed Ltd Newgen Software Technologies ST – Non-fund Based ICRA A2+ 105 Reaffirmed Ltd Reliance Power Ltd ST – NFBL ICRA A2 400 outstanding Reliance Power Ltd CP/ ST debt ICRA A2 10000 outstanding Programme/ NCD (with maturity of 1000 less than one year) Rossell India Ltd Non FBL ICRA A2 25 Downgraded from ICRA A1 Skh Metals Ltd Non-fund Based – ICRA A3 450 outstanding Working Capital Fac Sona Fuji Kiko Automotive Ltd CC 7.20 ICRA 72 Withdrawn A+ Vatsal Construction Co. BG PTC Series A ICRA A4 135 Reaffirmed removed from Issuer Not Cooperating category Wheels India Ltd ST -Non-FB Fac ICRA A1+ 1500 outstanding Wheels India Ltd CP ICRA A1+ 1000 Assigned Bharat Cottage Industries LOC (LC) ICRA A4 1.5 Reaffirmed removed from issuer not cooperating Bharat Cottage Industries Letter of Guarantee ICRA A4 0.2 Reaffirmed removed from issuer not cooperating Echjay Forgings Pvt Ltd Non-FBL ICRA A4 10 Reaffirmed Kataria Automobiles Pvt. Ltd. Non-fund Based BG (BG)ICRA A3 30 Reaffirmed Mangalore Refinery And Non-FBL ICRA A1+ 4000 Reaffirmed Petrochemicals Ltd Mangalore Refinery And CP / ST Debt ICRA A1+ 900 Reaffirmed Petrochemicals Ltd Nishi Forex Amp; Leisure Pvt. Non-fund based - ICRA A4+ 4.65 outstanding Ltd. Working Capital Orson Holdings Co. Ltd Non-Fund Based – LOC ICRA A3 9 Reaffirmed Orson Holdings Co. Ltd Non-fund Based- ICRA A3 0.49 Reaffirmed Forward Contract Quadgen Wireless Solutions Pvt ST – Unallocated Provisional 100 Assigned Ltd ICRA A3 (SO) outstanding Religare Broking Ltd ST Bk Lines ICRA A3 600 Assigned watch with developing implications Religare Securities Ltd ST Bk lines ICRA A3 Withdrawn watch with developing implications Religare Securities Ltd CP Programme ICRA A3 Withdrawn watch with developing implications Shree Bhagwati Agrotech Pvt. Non-FBL FB - TL ICRA A4 0.17 Reaffirmed Ltd. MEDIUM TERM RATINGS: -------------------- Wheels India Ltd Medium Term: Fixed MA+ 1500 outstanding deposit LONG TERM RATINGS: ------------------- Airports Authority Of India TL ICRA AAA 15000 Assigned Airports Authority Of India LT bonds/debt ICRA AAA 26500 outstanding programme Airports Authority Of India Fund based working ICRA 5000 outstanding capital Fac AAA/ICRA A1+ Ashoka Ranastalam Anandapuram Fund based-TL ICRA A- 4150 Assigned Road Ltd Balu India LTand ST, Unallocated - - - Limit Balu India LT and ST, Fundbased ICRA B/ 640 Reaffirmed Limit^ ICRA A4 ^Includes Rs. 7.00 crore of packing credit as a sublimit of Rs. 64.00 crore of post-shipment credit. Bhavani Cotex LT FB – CC ICRA B+ 69 Reaffirmed Bhavani Cotex LT FB – TL ICRA B+ 16 Reaffirmed Classic Cotton Pvt Ltd LT FB – CC ICRA B+ 220 Reaffirmed - Classic Cotton Pvt Ltd LT/ST – Unallocated ICRA B+ /A4 34 Reaffirmed Limits Ds Spiceco Pvt. Ltd. FB Bk Fac ICRA A+(SO) 1000 Reaffirmed Eagle Electricals Fund based- Working ICRA B+ 70 Upgraded Capital Fac from ICRA B Gayathri Exports LT – FB Fac ICRA BB 30 Reaffirmed Gokul Cotton Industries LT FB – CC ICRA B 90 Reaffirmed Gokul Cotton Industries LT FB – TL ICRA B 8.9 Reaffirmed Gokul Cotton Industries LT – Unallocated ICRA B 101.1 Reaffirmed Limits Graduate Agro And Mechanical FB Limits ICRA BB- 85.6 Reaffirmed Engineers Removed from the ‘Issuer Not Cooperating’ category Graduate Agro And Mechanical Unallocated Limits ICRA BB- 3.4 Reaffirmed Engineers /ICRA A4 Removed from the ‘Issuer Not Cooperating’ category Indoco Remedies Ltd LT, Loans ICRA A+ 1650 Revised from ICRA AA- (Negative) Indoco Remedies Ltd LT, FB Limits ICRA A+ 974 Revised from ICRA AA- (Negative) Jaipur - Mahua Tollway Pvt Ltd Proposed NCDs Provisional 3000 (NCD)/Bonds Programme ICRA AAA(SO) Jaipur - Mahua Tollway Pvt Ltd Proposed Subordinated Provisional 1150 Debt/NCD/Bonds ICRA AAA(SO) Programme Jamshedpur Utilities And CC ICRA A- 250 Assigned Services Co. Ltd Jamshedpur Utilities And TL ICRA A- 120 Assigned Services Co. Ltd Jamshedpur Utilities And Unallocated Limits ICRA A-/A2+ 930 Assigned Services Co. Ltd Krishna Antioxidants Pvt Ltd LT Fund based - Cash ICRA BBB 230 Revised from Credit ICRA BBB+ Krishna Antioxidants Pvt Ltd TL ICRA BBB 424.6 Revised from ICRA BBB+ M S Corporation Fund based - TL ICRA BB- 300 Assigned Mateshwari Food Stuff Pvt Ltd FBL CC ICRA B 175 Mateshwari Food Stuff Pvt Ltd FBL TL ICRA B 65 Moldex Composites Pvt Ltd TL ICRA BBB- 50 Assigned Moldex Composites Pvt Ltd CC ICRA BBB- 50 Assigned National Highways Authority Of LT Borrowing ICRA AAA 620000 Assigned India Programme for 2018-19 National Highways Authority Of LT Borrowing ICRA AAA 590000 Reaffirmed India Programme for 2017-18 National Highways Authority Of LT Borrowing ICRA AAA 331180 Reaffirmed India Programme for 2016-17 National Highways Authority Of Tax-free Bonds – ICRA AAA 190000 Reaffirmed India 2015-16 National Highways Authority Of 54EC bonds – 2014-15 ICRA AAA 33430 Reaffirmed India Nirmal Seeds Pvt Ltd LT Fund based - CC ICRA BBB- 950 Reaffirmed Nirmal Seeds Pvt Ltd TL ICRA BBB- 330.2 Reaffirmed Reliance Power Ltd LT NCDs (NCD) ICRA BBB 10000 Assigned Reliance Power Ltd LT Loans ICRA BBB 21830 outstanding Reliance Power Ltd LT - FBL ICRA BBB 800 outstanding Reliance Power Ltd Non FBL (B/G and L/C) ICRA BBB / 37120 outstanding ICRA A2 Rossell India Ltd Fund Based – TL ICRA A- 120 Downgraded from ICRA A Rossell India Ltd Fund Based – Working ICRA A- 1200 Downgraded capital limits from ICRA A S. Venugopala Reddy LT/TL ICRA BB+ 43 Reaffirmed S. Venugopala Reddy LT/optionally ICRA BB+ 10 Reaffirmed convertible debenture S. Venugopala Reddy Unallocated ICRA BB+ 22 Reaffirmed Shivay Minerals FB – TL ICRA B 45 Assigned Shivay Minerals FB – Working Capital ICRA B 20 Assigned Fac Sidhi Vinayak Foundation FB - TL ICRA B 100 Assigned Skh Metals Ltd TL ICRA BBB- 1365 outstanding Skh Metals Ltd FB – Working Capital ICRA BBB- 1575 outstanding Fac /ICRA A3 Skh Metals Ltd FB/Non-fund Based – ICRA BBB- 550 outstanding Working Capital Fac /ICRA A3 Skh Metals Ltd Unallocated Limits ICRA BBB- 60 outstanding /ICRA A3 Srl Ltd FB Fac ICRA BBB+ 240 - rating continues to be on watch with negative implications Srl Ltd Non-FB Fac ICRA BBB+/A2 45 - ratings continue to be on watch with negative implications Sundaram Finance Ltd PTC Series A ICRA AAA(SO) 1752.9 Reaffirmed Sundaram Finance Ltd PTC Series A ICRA 5120 Reaffirmed AAA(SO) Vatsal Construction Co. CC ICRA BB- 10 Reaffirmed removed from Issuer Not Cooperating category Visage Holdings & Finance Pvt. NCD ICRA BBB- 320 Assigned Ltd Visage Holdings & Finance Pvt. Bk Fac ICRA BBB- 500 outstanding Ltd Wheels India Ltd LT: TL ICRA A+ 850 outstanding Wheels India Ltd LT - FB Fac ICRA A+ 2250 outstanding Wheels India Ltd LT/ST Unallocated ICRA A+ 650 outstanding /ICRA A1+ Bharat Cottage Industries CC ICRA B- 8.5 Reaffirmed removed from issuer not cooperating Bharat Cottage Industries TL/ Working Capital ICRA B- 1.8 Reaffirmed Demand Loan removed from issuer not cooperating Echjay Forgings Pvt Ltd FB - CC ICRA BB- 21.5 Reaffirmed Kataria Automobiles Pvt. Ltd. FB TL ICRA BBB- 21.65 Reaffirmed Kataria Automobiles Pvt. Ltd. FB Working Capital FacICRA BBB- 155 Reaffirmed Khatu Shyam Ji Tollways Pvt Ltd TL ICRA BBB- 10.5 - placed on watch with developing implications Khatu Shyam Ji Tollways Pvt Ltd Non-FBL ICRA BBB- 1 - placed on watch with developing implications Mangalore Refinery And FBL ICRA AAA 3000 Reaffirmed Petrochemicals Ltd Mangalore Refinery And Issuer Rating ICRA AAA -- Reaffirmed Petrochemicals Ltd Mangalore Refinery And ST / Working Capital -- Reaffirmed Petrochemicals Ltd Demand Loan Nishi Forex Amp; Leisure Pvt. Fund based - Working ICRA BB 11 outstanding Ltd. Capital Fac Nishi Forex Amp; Leisure Pvt. Fund based - TL ICRA BB 2.25 outstanding Ltd. Nishi Forex Amp; Leisure Pvt. Unallocated ICRA BB 22.1 outstanding Ltd. /ICRA A4+ Orson Holdings Co. Ltd Fund Based- TL ICRA BBB- 2.29 Reaffirmed Orson Holdings Co. Ltd Fund Based – CC / ICRA BBB- 13 Reaffirmed EPC/PCFC/FBD/EBR Orson Holdings Co. Ltd Unallocated Limits ICRA BBB- 2.22 Reaffirmed /ICRA A3 Quadgen Wireless Solutions Pvt LT – Unallocated Provisional 20 Assigned Ltd ICRA BBB- (SO) outstanding Rajendra Singh Bhamboo TL ICRA BB+ 36 - Tollways Pvt Ltd placed on watch with developing implications Rajendra Singh Bhamboo Non-FBL ICRA BB+ 1.5 - Tollways Pvt Ltd placed on watch with developing implications Shree Bhagwati Agrotech Pvt. FB limits ICRA B 11.83 Reaffirmed Ltd. -------------------------------------------------------------------------------------------- $: 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 ICRA 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@thomsonreuters.com)