CRISIL Ratings has revised its outlook on Anant Raj Limited’s long-term bank facilities to Positive from Stable, while reaffirming the CRISIL BBB rating. The CRISIL A3+ rating for short-term bank facilities has also been reaffirmed. This revision reflects CRISIL’s updated assessment of the company’s creditworthiness and financial stability, based on recent data and performance.

CRISIL Rating Update

Anant Raj Limited has received an updated credit rating assessment from CRISIL Ratings, resulting in a revised outlook for its long-term and short-term bank facilities. The official announcement was made on September 24, 2025.

Long-Term Bank Facilities

The outlook on the long-term bank facilities has been revised from Stable to Positive, with the rating reaffirmed at CRISIL BBB. This indicates CRISIL’s improved confidence in Anant Raj Limited’s ability to meet its long-term financial obligations.

Short-Term Bank Facilities

The short-term bank facilities rating has been reaffirmed at CRISIL A3+. This rating reflects CRISIL’s assessment of the company’s capacity to meet its short-term financial commitments.

Rated Bank Facilities

The total bank loan facilities rated amount to Rs. 480 Crore. This includes Bank Guarantees, Cash Credit/Overdraft facilities, a Proposed Long Term Bank Loan Facility, and Term Loans. The ratings for specific facilities are as follows:

• Bank Guarantee (State Bank of India): Crisil A3+
• Cash Credit / Overdraft facility (ICICI Bank Limited): Crisil BBB/Positive
• Cash Credit / Overdraft facility (State Bank of India): Crisil BBB/Positive
• Proposed Long Term Bank Loan Facility: Crisil BBB/Positive
• Term Loan (State Bank of India): Crisil BBB/Positive

Source: BSE

National Aluminium Company Limited (NALCO) and Odisha Industrial Infrastructure Development Corporation (IDCO) jointly organized a roadshow highlighting Angul Aluminium Park as a prime investment destination. The event, held on September 23, 2025, showcased the park’s world-class facilities and strategic advantages, aiming to attract investors and boost downstream aluminium industries. NALCO will supply 50,000 tonnes of hot metal annually to industries in the park.

Spotlighting Angul Aluminium Park

National Aluminium Company Limited (NALCO), in collaboration with Odisha Industrial Infrastructure Development Corporation (IDCO), hosted a roadshow on September 23, 2025, to promote the Angul Aluminium Park Pvt. Ltd. (AAPPL) as a strategic aluminium hub and investor-friendly destination. This event aimed to attract investments and foster the growth of aluminium-based industries in Odisha.

Key Highlights from the Event

The roadshow featured participation from government officials, industry leaders, and potential investors. Shri Hemant Kumar Sharma, IAS, Additional Chief Secretary, Industries Department, Government of Odisha, and Shri Brijendra Pratap Singh, CMD, NALCO, were among the key speakers. Discussions centered on the park’s advanced infrastructure and investment opportunities.

Infrastructural Advantages and NALCO’s Support

The Angul Aluminium Park offers world-class infrastructure, including superior road connectivity, efficient transportation, and uninterrupted power and water supply. NALCO will supply 50,000 tonnes of hot metal annually to downstream industries located within the park, enhancing their cost-effectiveness and competitiveness. Odisha produces approximately 72% of India’s primary Aluminium.

Future Growth Prospects

The Aluminium Park spans 223 acres, with plans to expand to over 600 acres. Currently, three industries are operating within the park, with prospects for additional industries to establish operations. The event presentations showcased Odisha’s investor-friendly policies and the potential for growth in the aluminium downstream sector. The roadshow attracted over 100 participants, including investors and entrepreneurs.

Source: BSE

Afcons Infrastructure Limited announces the withdrawal of credit ratings for its bank facilities by ICRA, effective September 24, 2025. The withdrawal follows the company’s request and is based on a no-objection certificate from Bank of Baroda. Details of the rating rationale are available on ICRA’s website.

Credit Rating Update

As of September 24, 2025, Afcons Infrastructure Limited confirms that ICRA (ICRA Limited) has withdrawn its credit ratings for the company’s bank facilities. This decision comes in light of the company’s strategic considerations and established banking arrangements.

Details of the Withdrawal

The withdrawal of credit ratings is a direct result of Afcons Infrastructure’s formal request to ICRA. The lending bank, Bank of Baroda, has issued a no-objection certificate (NOC), which aligns with ICRA’s existing policies regarding the withdrawal of credit ratings. The initial intimations regarding this process were dated July 1, 2025, and July 21, 2025.

Reference Information

Further details regarding the rationale behind the rating withdrawal are accessible on ICRA’s official website.

Additionally, the company has ensured transparency by uploading this information to its official website.

Source: BSE

Petronet LNG Limited held its 27th Annual General Meeting (AGM) on September 24, 2025, via video conferencing. Key agenda items included the approval of financial statements, declaration of dividend, and the appointment/reappointment of directors and auditors. Shareholders also discussed company performance and future strategies. Voting results will be disseminated separately to stock exchanges and displayed on the company’s website.

Key Highlights from the 27th AGM

Petronet LNG Limited successfully conducted its 27th Annual General Meeting (AGM) on Wednesday, September 24, 2025, at 3:30 PM (IST). The meeting was held via Video Conferencing (VC) with Shri Pankaj Jain, Chairman, leading the proceedings.

Approval of Financials and Dividends

The members approved the Audited Standalone and Consolidated Financial Statements for the financial year ending March 31, 2025, along with the reports of the Board of Directors and the Independent Statutory Auditors. A final dividend on equity shares for the financial year 2024-25 was also approved. The final dividend is Rs. 3 per share (on the face value of Rs. 10 each). This is in addition to the interim dividend of Rs. 7 per share already paid in November 2024.

Director Appointments

During the AGM, Shri Pankaj Jain (DIN: 00675922) was re-appointed as Chairman. Shri Milind Torawane (DIN: 03632394) was also re-appointed as Nominee Director.

Auditor Appointments and Other Business

The appointment of M/s Akhil Rohtagi & Company as Secretarial Auditor for a five-year term (financial year 2025-26 to 2029-30) was approved. The remuneration of the Cost Auditors for three financial years commencing from the financial year 2025-26 was also ratified. The Company also sought approval for Related Party Transactions, anticipated for the financial year 2026-27.

Source: BSE

Wipro has announced the transfer of Capco Consulting Middle East FZE’s entire shareholding to Wipro IT Services UK Societas, effective September 19, 2025. This internal restructuring aims to streamline the group’s structure. Grove Holdings 2 S.á.r.l., a step-down subsidiary, previously held the shares. The move is intended to rationalize operations and improve efficiency within Wipro’s global network. Wipro IT Services UK Societas now holds 100% of Capco Consulting Middle East FZE.

Subsidiary Shareholding Transferred

Wipro has completed an internal restructuring involving its subsidiaries. According to a company statement released on September 24, 2025, Grove Holdings 2 S.á.r.l. transferred its entire shareholding in Capco Consulting Middle East FZE to Wipro IT Services UK Societas. The effective date of this transfer was September 19, 2025.

Rationale for Restructuring

The primary goal of this restructuring is to rationalize and simplify Wipro’s overall group structure. By consolidating the shareholding under Wipro IT Services UK Societas, the company aims to improve operational efficiency and streamline management of its Middle East consulting business.

New Shareholding Structure

Following the transfer, Wipro IT Services UK Societas now holds 100% ownership of Capco Consulting Middle East FZE. This change in ownership is part of a broader effort to optimize Wipro’s global operations and enhance its service delivery capabilities in the Middle East region.

Source: BSE

Gujarat Pipavav Port Limited has been awarded a contract by ONGC for hiring the port and storage facilities at Pipavav Port. The contract spans a period of five years, commencing from 1st October 2025. This arrangement will see the Company provide marine support and storage facilities within the port premises as ONGC establishes its offshore supply base at Pipavav Port.

New Contract Agreement

Gujarat Pipavav Port Limited has secured a contract with ONGC for the provision of port and storage facilities. The agreement, detailed in a letter dated 24th September 2025, outlines the terms for hiring the port facilities at Pipavav Port. The commencement of this contract is scheduled for 1st October 2025, establishing a five-year partnership.

Service Provision

Under the terms of the agreement, Gujarat Pipavav Port will deliver marine support and storage facilities. These services will be situated within the port premises, serving as ONGC establishes its offshore supply base at Pipavav Port.

Source: BSE

Crisil has announced the acquisition of McKinsey PriceMetrix Co., a leading provider of performance benchmarking and data-driven insights for the wealth management industry. This acquisition will expand Crisil’s benchmarking offerings and strengthen its position as a leading provider of analytics across financial services. The transaction is expected to be completed over the coming months, subject to customary closing conditions.

Acquisition Overview

Crisil is set to acquire McKinsey PriceMetrix Co., a company incorporated in Nova Scotia, Canada. The target provides software solutions for wealth management firms and their financial advisors. This acquisition, announced on September 24, 2025, aims to complement Crisil’s existing portfolio and expand its offerings in the wealth management sector.

Deal Details

The acquisition involves acquiring 100% of the equity share capital of McKinsey PriceMetrix Co. The consideration is USD 38,000,000 (United States Dollar Thirty Eight Million), subject to usual closing adjustments. This includes adjustments for cash, net working capital, and indebtedness. Crisil Irevna UK Limited will invest up to USD 38.5 million into Crisil Canada Inc. to enable the acquisition.

Strategic Rationale

This deal is in line with Crisil’s strategy to be a leading player in the growing market for global benchmarking analytics. PriceMetrix, founded in 2000, has revenue of INR 94.2 Crores in 2024, INR 89.9 Crores in 2023 and INR 81.5 Crores in 2022. They offer benchmarking, pricing intelligence and practice management solutions for wealth management firms.

Integration Plans

Post-acquisition, PriceMetrix will be integrated with Crisil Coalition Greenwich (CCG). This integration is expected to enhance insights and create significant value for clients globally.

Source: BSE