HBL Engineering Limited (formerly HBL Power Systems Limited) has announced the reaffirmation of its credit ratings by CARE Ratings. The outlook on long-term bank facilities has been revised from stable to positive. The ratings for short-term bank facilities have been reaffirmed. The updated ratings are based on the company’s financial performance for FY25 and Q1FY26.
Credit Ratings Reaffirmed
HBL Engineering Limited’s (formerly known as HBL Power Systems Limited) credit ratings have been reaffirmed by CARE Ratings, according to a letter dated October 9, 2025. This decision reflects a thorough review of the company’s operational and financial performance.
Long-Term Bank Facilities
The long-term bank facilities, amounting to ₹156.50 crore, have been reaffirmed at CARE A+ with a revised outlook from stable to positive.
Short-Term Bank Facilities
The ratings for short-term bank facilities have been reaffirmed at CARE A1+. This includes facilities amounting to ₹671.00 crore. The long term / short term bank facilities worth ₹350.00 crore also had their outlook revised from stable.
Detailed Facility Ratings
Term Loans: Axis Bank Ltd. is rated for ₹7.50 crore.
Fund Based Limits: State Bank of India is rated for ₹65.00 crore, Axis Bank Ltd. for ₹44.00 crore, and ICICI Bank Ltd. for ₹40.00 crore.
Fund Based Limits (Short Term): ICICI Bank Ltd. is rated for ₹45.00 crore, Axis Bank Ltd. for ₹30.00 crore and a proposed rating for ₹20.00 crore.
Non-Fund Based Limits: State Bank of India is rated for ₹188.00 crore and Axis Bank Ltd. for ₹94.00 crore.
Non-Fund Based Limits (Short Term): ICICI Bank Ltd. is rated for ₹69.00 crore and ICICI Bank Ltd. for ₹15.00 crore.
Long Term / Short Term Facilities: ICICI Bank Ltd. is rated for ₹200.00 crore and Axis Bank Ltd. for ₹150.00 crore.
Source: BSE
