Azure Power (NYSE: AZRE), a leading independent solar power producer in India, has been assigned SP 1A rating by ICRA, one of India’s leading rating agencies. The rating indicates ‘Highest Performance Capability’ & ‘Highest Financial Strength’ of Azure Power to undertake solar projects.
While assigning the rating ICRA considered Azure Power’s strong track record of project execution, its well qualified and experienced management, technical competence, quality of suppliers and ties-up, and strong financial profile.
The rating is valid for a period of two years up to July 16, 2019. Speaking on the Occasion Mr Inderpreet Wadhwa, Founder, Chairman and Chief Executive Officer, Azure Power said, “We are pleased to be assigned the SP 1A rating by ICRA. The rating reflects our strong project development, engineering, and execution capabilities and are a testament to our efficiency and reliability as a trusted solar power producer.”
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