Crisil upgrades Alpex Solar bank facility ratings
ALPEXSOLAR · price
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Crisil upgraded Alpex Solar's long-term bank rating to A minus and Stable from BBB plus and Stable, and its short-term rating to A2 plus from A2. Total bank facilities rated increased to Rs 1,078 crore from Rs 573 crore. Alpex Solar commissioned a 2.2 GW TOPCon solar cell plant in Uttar Pradesh in September 2026.
The upgrade indicates lower credit risk and may improve debt terms. The facility ratings support growth investment, but do not guarantee stock gains.