ACME Solar Shines Bright: Secures CRISIL A+/Positive Rating for ₹350 Crore Bank Facilities

ACME Solar Holdings Limited has received a significant boost to its financial credibility. On February 13, 2025, CRISIL Ratings assigned and reassigned an 'A+/Positive' rating to the company's bank loan facilities totaling ₹350 crore. This includes a new rating for ₹150 crore and a reassignment for ₹200 crore. The positive outlook reflects ACME's strong track record in renewable power development, diverse asset portfolio, and improved financial profile following its successful IPO in November 2024. With 2.54 GW operational capacity and 2.34 GW under construction, this rating enhancement positions ACME Solar for continued growth in India's expanding renewable energy sector.

 

Sources: PV Magazine India, Business Standard, SolarQuarter