Vibhor Steel Tubes Ltd. (VSTL) has been assigned a 'BBB+/Stable' long-term and 'A2' short-term rating by CRISIL for its Rs. 100 crore bank facilities, enhancing its financial credibility.
The rating reflects the company's established market position, consistent operational performance, and the revenue visibility provided by a long-term offtake agreement with Jindal Pipes Ltd.
The company has commenced production at its new 156,000 MTPA greenfield plant in Odisha, which is expected to be a key growth driver for future revenue.