Adani Electricity Mumbai Limited, a material subsidiary of Adani Energy Solutions, has seen its credit rating significantly upgraded by Crisil Ratings Limited. The rating has been enhanced from ‘Crisil AA+/Positive’ to the highest level of ‘Crisil AAA’. This upgrade applies to the proposed Non-Convertible Debentures (NCDs) issued by the subsidiary, reflecting strong financial health and stability. The announcement was made on February 21, 2026.
Significant Credit Rating Enhancement Announced
Adani Energy Solutions Limited has formally disclosed a major positive development concerning its material subsidiary, Adani Electricity Mumbai Limited. The credit rating agency, Crisil Ratings Limited, has revised the rating upwards for the subsidiary’s proposed Non-Convertible Debentures (NCDs).
Key Rating Details
The rating migration marks a substantial improvement in the perceived creditworthiness of the subsidiary. The new rating assigned is ‘Crisil AAA’. This represents an upgrade from the previous rating of ‘Crisil AA+/Positive’. Furthermore, Crisil has assigned a Stable Outlook to the NCD issuance, indicating confidence in sustained credit quality moving forward.
Disclosure Confirmation
This crucial update was communicated to the stock exchanges on 21st February, 2026, ensuring full compliance with timely corporate disclosure requirements. The company also confirmed that this information is made publicly available via the Adani Energy Solutions website.
Source: BSE
