The Balance Sheet Flex
Here's the part that makes finance folks sit up: “KPCL has zero long-term or short-term debt” and pays “zero interest expense”. In an era where companies lever up to chase growth, this one is expanding on its own cash.
That discipline got rewarded — CRISIL upgraded KPCL's long-term credit rating to AA/Stable (up from AA-) and reaffirmed its top-tier short-term rating of “A1+”, pushing total rated bank facilities to ₹840 Cr (₹800 Cr non-fund based, ₹40 Cr fund based).
One more housekeeping win: the old loss-making “RoadRailer division” — a legacy drag on the business — has been fully wound down, with all assets liquidated and losses already absorbed in prior years. Clean slate.
2September 3, 2026 1.6K 10
