H.G. Infra Engineering Limited has received reaffirmed credit ratings from ICRA Limited for its various debt instruments. The long-term fund-based and non-fund-based facilities, along with non-convertible debentures, have been assigned an [ICRA]AA- (Stable) rating. Notably, the outlook for these instruments has been revised to stable from positive, indicating continued strong financial health and operational stability for the company.
ICRA Reaffirms Key Credit Ratings
H.G. Infra Engineering Limited has announced an update on its credit ratings. ICRA Limited has reaffirmed the company’s ratings for its significant debt facilities, providing a clear indication of its robust financial standing. The reaffirmation pertains to both long-term fund-based and non-fund based facilities, as well as non-convertible debentures.
Stable Outlook for Debt Instruments
The rating action, dated August 20, 2026, assigns an [ICRA]AA- (Stable) rating to these instruments. A significant development in this update is the revision of the outlook from positive to stable. This suggests that ICRA foresees sustained performance and stability for H.G. Infra Engineering’s credit profile in the near to medium term. The total rated amount across these facilities amounts to ₹5,600 crore.
Facility-Specific Ratings
- Long-term – Fund-based – Cash Credit: Rated Amount of ₹900.00 crore, reaffirmed at [ICRA]AA- (Stable) with outlook revised to stable from positive.
- Long-term/Short-term – Non-fund based – Bank Guarantee: Rated Amount of ₹4300.00 crore, reaffirmed at [ICRA]AA- (Stable) / [ICRA]A1+ with outlook revised to stable from positive.
- Non-Convertible Debenture: Rated Amount of ₹400.00 crore, reaffirmed at [ICRA]AA- (Stable) with outlook revised to stable from positive.
Source: BSE
