We wish to inform you that Crisil Rating Limited has assigned ratings to the Banking facilities of M/s. Hazoor Infra Projects Private Limited a material subsidiary of the Company.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
CRISIL Ratings has assigned initial credit ratings to the bank facilities of Hazoor Infra Projects Limited, a material subsidiary of Hazoor Multi Projects, tied to a Hybrid Annuity Model (HAM) infrastructure project. A long-term rating of CRISIL BBB+/Stable has been assigned on facilities worth Rs. 476 crore, along with a short-term rating of CRISIL A2. Both are fresh assignments as per the CRISIL report dated February 24, 2026. BBB+/Stable indicates a moderate degree of safety regarding timely servicing of financial obligations, placing the subsidiary in the investment-grade bracket.
This is a positive development for shareholders, as obtaining investment-grade ratings (BBB+/Stable) on Rs. 476 crore of bank facilities enhances the subsidiary's borrowing credibility and supports lower funding costs for its HAM project, which is a key infrastructure asset for the group.