Credit Bulletin
April 16, 2024 | Mumbai
 
Update on Hindustan Zinc Limited
 

Note: None of the Directors on CRISIL Ratings Limited’s Board are members of rating committee and thus do not participate in discussion or assignment of any ratings. The Board of Directors also does not discuss any ratings at its meetings.

This Credit Bulletin is published solely to update the bank-wise facility details in line with RBI requirement. For other sections please refer to the previous Rating Rationale dated November 17, 2023.

Click Here the previous Rating Rationale.

 

Annexure - Details of Bank Lenders & Facilities
Facility Amount (Rs.Crore) Name of Lender Rating
Cash Credit& 150 HDFC Bank Limited CRISIL AAA/Stable
Fund-Based Facilities 50 DBS Bank Limited CRISIL AAA/Stable
Fund-Based Facilities 150 IDBI Bank Limited CRISIL AAA/Stable
Fund-Based Facilities 100 IDBI Bank Limited CRISIL AAA/Stable
Letter of Credit^ 650 IDBI Bank Limited CRISIL A1+
Letter of Credit% 1500 HDFC Bank Limited CRISIL A1+
Letter of Credit 250 ICICI Bank Limited CRISIL AAA/Stable
Letter of Credit 500 ICICI Bank Limited CRISIL AAA/Stable
Overdraft Facility 100 HDFC Bank Limited CRISIL AAA/Stable
Overdraft Facility$ 500 ICICI Bank Limited CRISIL AAA/Stable
Proposed Long Term Bank Loan Facility 900 Not Applicable CRISIL AAA/Stable
Rupee Term Loan 1000 Exim Bank CRISIL AAA/Stable
Rupee Term Loan 500 Axis Bank Limited CRISIL AAA/Stable
Term Loan 1000 State Bank of India CRISIL AAA/Stable
Term Loan 1000 IndusInd Bank Limited CRISIL AAA/Stable
Term Loan 1000 Exim Bank CRISIL AAA/Stable
Term Loan 1000 Axis Bank Limited CRISIL AAA/Stable
Term Loan 2000 Bank of Baroda CRISIL AAA/Stable
& - Sublimit of working capital demand loan facility of Rs 150 crore, export credit of Rs 150 crore
^ - Sublimit of bank guarantee of Rs 400 crore
% - Sublimit of standby letter of credit of Rs 1,500 crore and bank guarantee of Rs 200 crore Capex Letter of Credit of Rs 750 crore with tenor of upto 3 years as sublimit of non-fund based limit
$ - Sublimit of export packing credit / bill discounting / PCFC / bank guarantee / letter of credit / working capital demand loan / short-term loan (STL) limit of Rs 500 crore
Criteria Details
Links to related criteria
CRISILs Approach to Financial Ratios
Rating criteria for manufaturing and service sector companies
CRISILs Bank Loan Ratings - process, scale and default recognition
Rating Criteria for Mining Industry
CRISILs Criteria for rating short term debt

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