TruAlt Bioenergy Limited has informed the Exchange about Credit Rating- New
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India Ratings & Research has assigned a new credit rating to TruAlt Bioenergy Limited for its bank loan facilities worth INR 17,660 million. The rating assigned is IND A-/Stable for long-term and IND A2+ for short-term, with a Stable outlook. This is the company's first credit rating from India Ratings. The rating reflects TBL's position as India's largest cane-based distillery with 2,000klpd capacity, strong order book for ethanol supply to OMCs, and growing CBG business through subsidiaries. The stable outlook indicates the rating agency expects credit metrics to improve in FY27 onwards as EBITDA grows from ethanol and CBG operations, despite ongoing capex and elevated net leverage currently around 4.5x.
The investment-grade rating provides comfort to lenders and investors about the company's creditworthiness. The stable outlook suggests no immediate rating changes expected, though shareholders should monitor the company's ability to manage its large CBG capex plans while improving profitability.