H.G. Infra Engineering Limited has received a reaffirmation of its credit ratings from ICRA Limited. The rating agency has maintained the [ICRA]AA- (Positive) outlook for the company’s long-term instruments and [ICRA]A1+ for its short-term facilities. This credit update reflects the company’s robust financial standing, covering a total rated amount of Rs. 5,600 crore across various fund-based and non-fund-based facilities.
Rating Summary
Following a review conducted on April 27, 2026, ICRA Limited has maintained the credit ratings for H.G. Infra Engineering Limited. The reaffirmation underscores the company’s continued stability and positive outlook in the infrastructure sector. The total rated facilities amount to Rs. 5,600 crore, supporting the company’s ongoing operational and financial requirements.
Details of Rated Facilities
The rating agency evaluated several key financial instruments and facilities. The breakdown of the reaffirmed ratings is as follows:
- Long-term Fund-based (Cash credit): Rated at [ICRA]AA- (Positive) for an amount of Rs. 900 crore.
- Long-term/Short-term Non-fund based (Others): Rated at [ICRA]AA- (Positive) / [ICRA]A1+ for an amount of Rs. 4,300 crore.
- Non-Convertible Debentures: Rated at [ICRA]AA- (Positive) for an amount of Rs. 400 crore.
The positive outlook remains a key highlight, signaling confidence in the company’s credit profile and its ability to manage its financial obligations as it scales its project portfolio.
Source: BSE
