Dalmia Bharat ESG Rating Reaffirmed at 'Exceptional' Level by ICRA
ICRA ESG Ratings Limited reaffirmed Dalmia Bharat Limited's ESG Combined Rating at 80 (Exceptional) on January 19, 2026, following annual surveillance review. The rating comprises Impact Rating of 74 (Good) and Transition Rating of 85 (Accelerating), with all parameters maintaining their previous scores. Governance achieved the highest individual score of 83 (Exceptional) in the Combined Rating assessment.

*this image is generated using AI for illustrative purposes only.
Dalmia Bharat has received reaffirmation of its ESG Combined Rating at 80 (Exceptional) from ICRA ESG Ratings Limited, a SEBI registered Category-I ESG Rating Provider. The company received official communication from ICRA on January 19, 2026, at 12:12 PM, confirming the maintenance of its exceptional sustainability credentials following the annual surveillance review.
ESG Rating Components Maintained
The ESG Combined Rating of 80 (Exceptional) comprises two key components that remained stable during the review period:
| Component | Rating | Symbol | Status |
|---|---|---|---|
| Impact Rating | 74 | Good | No Change |
| Transition Rating | 85 | Accelerating | No Change |
| Combined Rating | 80 | Exceptional | No Change |
Parameter-wise Performance Analysis
The detailed assessment across Environmental, Social, and Governance parameters shows consistent performance in the Combined Rating category:
| Parameter | Current Score | Symbol | Movement |
|---|---|---|---|
| Environment | 78 | Strong | No Change |
| Social | 78 | Strong | No Change |
| Governance | 83 | Exceptional | No Change |
In the Impact Rating assessment, the Social parameter achieved the highest score of 85 (Outstanding), while Environment and Governance scored 66 (Good) and 76 (Good) respectively. The Transition Rating showed strong performance in Environmental and Governance aspects, both scoring 90 (Accelerating), with Social scoring 71 (Progressing).
Regulatory Compliance and Disclosure
The company disclosed this information to BSE Limited and National Stock Exchange of India Limited in compliance with Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The disclosure was made pursuant to SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, which mandates timely reporting of ESG rating developments.
Rating Surveillance and Future Review
ICRA ESG Ratings conducted this annual surveillance based on the ESG Combined Rating Agreement dated August 02, 2024. The rating will become due for the next surveillance within one year from January 19, 2026. ICRA ESG reserves the right to review and revise the rating at any time based on new information or circumstances that could impact the company's ESG profile. Stakeholders are advised to visit the ICRA ESG website for the latest ratings and updates.
Historical Stock Returns for Dalmia Bharat
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.25% | +5.20% | +4.38% | -0.33% | +23.92% | +91.85% |
















































