Borosil Renewables Limited has received an update regarding its credit ratings from India Ratings & Research Private Limited, effective March 09, 2026. This follows a previous revision on December 30, 2025, where the outlook was changed from negative to positive. The rating letter confirms the revised ratings for the company’s various bank facilities, with the overall facilities remaining unchanged. The detailed breakup of these ratings across different banks is now public record.
Credit Rating Update Confirmation
Borosil Renewables Limited has formally informed the stock exchanges regarding a recent update to its credit ratings. The company received the official rating letter from India Ratings & Research Private Limited on March 10, 2026, at approximately 14:54 p.m.
This action is supplementary to the rating action commentary previously issued on December 30, 2025. At that time, the outlook for the ratings had been revised from negative to positive. The latest letter dated March 09, 2026, specifies the bank-wise ratings for existing facilities, while confirming that the overall facilities remain unchanged.
Facilities Breakup Summary
The annexure provided by India Ratings details the current ratings assigned to Borosil Renewables’ various bank loan facilities across several major financial institutions. The ratings confirm strong creditworthiness across the portfolio.
Key Ratings and Banks
- IndusInd Bank Limited:
- Fund Based Cash Credit Limit: IND A/Positive (INR 230.00 million)
- Non-Fund Based Working Capital Limit: IND A1 (INR 450.00 million)
- Term Loan: IND A/Positive (INR 327.00 million)
- Kotak Mahindra Bank:
- Fund/Non-Fund Based Working Capital Limit: IND A/Positive/IND A1 (INR 720.00 million)
- Term Loan: IND A/Positive (INR 1,761.90 million)
- HDFC Bank Limited:
- Fund/Non-Fund Based Working Capital Limit: IND A/Positive/IND A1 (INR 800.00 million)
- Term Loan: IND A/Positive (INR 2,632.50 million)
- Hongkong Shanghai Banking Corporation:
- Term Loan: IND A/Positive (INR 150.00 million)
- Fund Based Cash Credit Limit: IND A/Positive (INR 200.00 million)
The total rated outstanding amount across these facilities, detailed in the annexure, reflects the extensive credit facilities available to support the company’s operations.
Source: BSE
