Acme Solar Holdings Limited has informed the Exchange regarding a press release dated July 04, 2025, titled "CRISIL Assigns 'CRISIL AA-/Stable'Rating to Rs 890 crore Long-Term Bank Facilities of ACME Raisar Solarproject in Rajasthan.".
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CRISIL has assigned a 'CRISIL AA-/Stable' rating to the Rs 890 crore long-term bank facilities of ACME Raisar Solar Energy Pvt Ltd (ARSEPL), a wholly owned subsidiary of Acme Solar Holdings. The rating covers a 300 MW (AC) solar project in Fategarh, Rajasthan, funded through a term loan from REC Ltd. CRISIL highlighted strong revenue visibility, robust financial metrics, and a 25-year Power Purchase Agreement with SECI as key strengths supporting the high rating. As a result of this rating upgrade, the cost of debt is expected to reduce by 75 basis points to 8.95%, with potential for further reductions. The outlook has been kept stable, reflecting expectations of timely payments from SECI and stable operations from the recently commissioned project.
Positive for shareholders — the rating upgrade lowers borrowing costs by 75 bps, improving project profitability and signaling strong credit quality for Acme Solar's largest subsidiary. This enhances investor confidence in the company's overall debt profile and operational execution.