Remi Edelstahl Tubulars Limited has received credit rating reaffirmation from CARE Ratings for its bank facilities worth ₹46.16 crores. The company informed BSE Limited about this development on January 13, 2026.

Credit Rating Details

CARE Ratings has maintained its assessment of the company's creditworthiness across both long-term and short-term facilities. The rating agency reaffirmed its outlook on the company's financial capabilities without any changes to the existing ratings.

Rating Significance

The CARE BB+ rating with stable outlook for long-term facilities indicates the rating agency's assessment of the company's moderate credit risk profile. The stable outlook suggests that CARE expects the company's credit profile to remain consistent in the near term.

For short-term facilities, the CARE A4+ rating reflects the agency's view on the company's ability to meet its short-term financial obligations. This rating category typically indicates adequate safety for timely payment of financial obligations.

Corporate Communication

The rating reaffirmation was communicated to BSE Limited through an official letter signed by H.H. Joshi, Company Secretary and Compliance Officer of Remi Edelstahl Tubulars Limited. The communication was digitally signed and submitted as part of the company's regulatory compliance requirements.

Remi Edelstahl Tubulars Limited, incorporated in 1970, operates from its registered office in Mumbai and is engaged in the tubular products business. The company trades on BSE under the scrip code 513043.

Remi Edelstahl Tubulars Limited , a player in the stainless steel industry, has announced a significant business development. The company has secured new orders totaling ₹62.7 crores for its stainless steel seamless tubes. This order comes from a reputed equipment fabricator catering to the thermal power sector.

Order Details

Key Points

• The orders were received in the normal course of business.
• These transactions are not related party transactions.
• The deals were conducted on an arm's length basis, ensuring fair market value.
• The order value is substantial considering the company's market capitalization of ₹143.00 crores.

This substantial order underscores the demand for Remi Edelstahl Tubulars' products in the thermal power sector. It also highlights the company's capability to cater to the needs of reputed equipment fabricators, potentially strengthening its position in the market.

The thermal power sector's continued investment in equipment suggests ongoing developments in this industry. Remi Edelstahl Tubulars' involvement in supplying critical components like stainless steel seamless tubes indicates its role in supporting infrastructure development in the power generation sector.

The significant order value, representing a large portion of the company's market capitalization, suggests a potential positive impact on the company's business.

While this order is a positive development for Remi Edelstahl Tubulars, investors and market watchers should consider it in the broader context of the company's overall financial performance and market conditions in the stainless steel and thermal power sectors.