Indian Metals & Ferro Alloys Ltd

This is to inform you that ICRA Limited (ICRA) vide its letter dated 10th March 2023 has reaffirmed the long-term rating at [ICRA]AA-(pronounced ICRA Double A Minus) and the short-term rating at [ICRA]A1+ (pronounced ICRA A One plus).The outlook on the long-term rating has also been reaffirmed at Stable.