CareEdge Ratings Upgrades SAIL Outlook Amid Expansion Plans
1 report, 1 independent
Updated Oct 9
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What happened
CareEdge Ratings upgraded Steel Authority of India's outlook to Positive from Stable this week. The rating agency retained its long-term rating at CARE AA for bank facilities worth ₹14,850 crore. SAIL's share price rebounded over 4% on October 9, 2026, after receiving the boost from the rating agency.
From livemint.com
Why it matters
The upgrade comes as SAIL prepares for an expansion plan that could increase its production capacity by nearly 70%. The stock rally occurred during a broader market recovery, which was supported by a rally in IT stocks like TCS.
From livemint.com
Who's involved
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