ACME Solar Holdings Limited has received a positive update regarding its credit ratings from ICRA Limited. The rating agency has reaffirmed the [ICRA]AA-(Stable) rating for the company’s enhanced non-fund-based credit facilities, now totaling Rs. 2,500 crore. This update reflects the company’s strong credit profile and ongoing financial stability as it continues to expand its operational capacity in the renewable energy sector.
Credit Rating Overview
ACME Solar Holdings Limited announced on April 01, 2026, that its credit ratings have been reaffirmed by the rating agency ICRA Limited. The assessment confirms an [ICRA]AA-(Stable) rating, signaling a stable outlook and high creditworthiness for the company’s debt instruments.
Details of Credit Facilities
The latest rating action covers an enhanced financial portfolio. The credit facility for Long term-Non-fund based-Others has been reaffirmed and increased to Rs. 1,850 crore, up from the previous Rs. 1,500 crore. Additionally, the company has been assigned a new rating of [ICRA]AA-(Stable) for Rs. 650 crore in Long term-Non-fund based-unallocated facilities. In total, the rated amount now stands at Rs. 2,500 crore, reflecting the company’s growing scale of operations.
Implications for Financial Stability
The reaffirmation of the [ICRA]AA- rating underscores the company’s robust financial management and its ability to secure capital for its strategic objectives. This move supports the company’s continued growth trajectory and commitment to executing large-scale renewable energy projects while maintaining a solid credit standing in the market.
Source: BSE
