ACME Solar Holdings Limited has announced that its wholly owned subsidiary, ACME Platinum Urja Private Limited, has received a fresh credit rating. ICRA Limited assigned a rating of [ICRA]A-(Stable) to the subsidiary’s long-term fund-based term loan facility, which amounts to ₹800.00 crore. This development highlights the subsidiary’s credit profile as it advances its financial operations within the renewable energy sector.
Credit Rating Details
On May 18, 2026, ACME Solar Holdings Limited confirmed that ICRA Limited has completed its assessment of ACME Platinum Urja Private Limited. The rating agency assigned a long-term rating of [ICRA]A-(Stable). This assessment covers the company’s long-term fund-based term loan facility, reflecting the credit agency’s perspective on the subsidiary’s stable financial outlook.
Financial Scope
The rating applies to a total facility amount of ₹800.00 crore. As a wholly owned subsidiary of ACME Solar Holdings Limited, ACME Platinum Urja Private Limited plays an integral role in the group’s broader strategic objectives. Stakeholders and investors can review the comprehensive rating rationale provided by the agency to gain further insight into the factors influencing this credit assessment.
Source: BSE
