Acme Solar Holdings Limited has informed the Exchange regarding a press release dated September 24, 2025, titled "ACME Solar s 250 MW RenewableEnergy Project secures ICRA AA-/Stable Rating Upgrade".
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ICRA has upgraded the credit rating of ACME Aklera Power Technology Private Limited (AKPTPL), a wholly-owned subsidiary of ACME Solar Holdings, from 'ICRA A+/Stable' to 'ICRA AA-/Stable'. The upgrade applies to a INR 1,072 crore term loan facility for a 250 MW renewable energy project in Rajasthan, funded by Bank of America, Standard Chartered Bank, and India Infradebt. ICRA cited strengthening parent credit profile, robust revenue visibility, strong generation performance, and successful loan refinancing as key reasons. The project benefits from a 25-year fixed-tariff Power Purchase Agreement with SECI, ensuring predictable long-term cash flows. ACME Solar's total operational capacity stands at 2,890 MW across solar, wind, storage, and hybrid solutions.
This rating upgrade reflects improved creditworthiness and lower borrowing risk for the subsidiary, which may translate into cheaper future financing for ACME Solar. For shareholders, it signals stronger financial health and lender confidence, which is generally positive for the stock.