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The latest announcement is out from ACME Solar Holdings Ltd. ( (IN:ACMESOLAR) ).
ICRA Limited has assigned an ‘ICRA AA-/Stable’ credit rating to ACME Solar Holdings Limited’s long-term non-fund based bank facilities, marking the highest credit rating the company has received to date. This rating reflects ACME Solar’s diversified portfolio, revenue visibility from long-term PPAs, optimal generation performance, and strong debt coverage metrics. The improved credit rating is expected to reduce the cost of debt for the company and its subsidiaries, enhancing its financial profile post-IPO and supporting its ongoing projects.
More about ACME Solar Holdings Ltd.
ACME Solar Holdings Limited is a leading integrated renewable energy company with a diversified portfolio that includes solar, wind, storage, FDRE, and hybrid solutions. The company has an operational capacity of 2,890 MW and offers end-to-end development and operations & maintenance (O&M) services through its in-house EPC and O&M division, ensuring efficient project delivery and strong operating performance.
Average Trading Volume: 167,529
Technical Sentiment Signal: Strong Buy
Current Market Cap: 168.4B INR
For detailed information about ACMESOLAR stock, go to TipRanks’ Stock Analysis page.