India Ratings & Research (Ind-Ra) has assigned Steel Authority of India (SAIL) additional bank facilities the following ratings:

Rs 10 billion additional fund-based working capital limits: 'AAA'

SAIL's outstanding ratings (including the above) are as follows:

Long-Term Issuer Rating: 'IND AAA'; outlook negative .

Rs 45 billion fund-based working capital limits: 'AAA'
Rs 70 billion long-term non-fund-based bank limits (reduced from INR80bn): 'AAA'
Rs 20 billion non-fund-based working capital limits: 'A1+'
Rs 20 billion long-term bank loan: 'AAA'
Rs 150 billion long-term bond programme: 'AAA'
Rs 60 billion short-term debt/commercial paper programme: 'A1+'
Rs 10 billion medium-term debt programme - public deposit: 'tAAA' 

Shares of the company gained Rs 0.8, or 1.15%, to trade at Rs 70.40. The total volume of shares traded was 62,372 at the BSE (10.03 a.m., Wednesday).