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ACME Solar Holdings Ltd. ( (IN:ACMESOLAR) ) has issued an update.
ACME Solar Holdings Ltd. reported that its wholly owned subsidiary, ACME Raisar Solar Energy Private Limited, has had its long-term bank facility rating of Crisil AA-/Stable reaffirmed by Crisil Ratings Ltd. The total bank loan facilities rated have been increased to Rs.1,100 crore from Rs.890 crore, reflecting expanded borrowing capacity.
The reaffirmed AA-/Stable rating underscores the subsidiary’s credit strength and supports ACME Solar’s ability to finance and sustain large-scale solar projects. The enhanced facility size signals continued lender confidence in the group’s operations and balance sheet, which may bolster its position in India’s competitive renewable energy sector and facilitate future project growth.
More about ACME Solar Holdings Ltd.
ACME Solar Holdings Ltd. is an India-based renewable energy company focused on developing, owning, and operating solar power projects. Operating through subsidiaries such as ACME Raisar Solar Energy Private Limited, the group targets utility-scale solar installations and long-term power supply solutions for Indian power markets and institutional offtakers.
Average Trading Volume: 94,912
Technical Sentiment Signal: Strong Sell
Current Market Cap: 140.1B INR
Learn more about ACMESOLAR stock on TipRanks’ Stock Analysis page.