TAG: "ICRA Ratings"

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Solar Module Overcapacity to Squeeze OEM Margins, Drive Industry Consolidation: ICRA

ICRA projects India’s solar module manufacturing capacity to surge to over 165 GW by March 2027, warning that the resulting overcapacity could squeeze OEM profitability and trigger consolidation among smaller players, stated credit rating agency ICRA.

ICRA Ratings | November 07, 2025 | By Mrinmoy Dey |  858

ICRA Assigns ‘AA-/Stable’ Rating to ACME Solar

According to the Company, this is the highest credit rating received by Acme Solar to date from any credit rating agency.

ICRA Ratings | October 01, 2025 | By Abha Rustagi |  560

ACME Solar's 250 MW RE Project secures ICRA AA-/Stable Rating Upgrade

ICRA has upgraded ACME Aklera Power Technology’s (a subsidiary of ACME Solar) long-term loan facility rating to ‘ICRA AA-/Stable’ from ‘ICRA A+/Stable’, citing strong parent support, robust operations, and long-term revenue visibility from its 250 MW solar project in Rajasthan.

ICRA Ratings | September 24, 2025 | By Mrinmoy Dey |  659

SECI Invites Quotations for INR 1,000 Crore Short-Term Working Capital Credit Facility

Solar Energy Corporation of India Ltd. seeks INR 1,000 crore short-term working capital credit facility from banks to address cash flow mismatches. Proposals due by December 15, 2024, as SECI scales renewable energy project payments amid growing demand.

ICRA Ratings | December 03, 2024 | By EI News Network |  1101

India’s RE Capacity to Hit 250 GW Mark by March 2026: ICRA

Rating agency ICRA has predicted that India’s renewable capacity addition is estimated to exceed 26 GW in FY 2025 and further increase to 32 GW in FY 2026, driven by the large project pipeline. Energy storage requirement is estimated at nearly 50 GW by 2030 to integrate the rising share of renewables in the generation mix.

ICRA Ratings | November 19, 2024 | By Mrinmoy Dey |  1283

ICRA Expects Installed RE Capacity in India to Increase to About 170 GW by March 2025

ICRA estimates that the rise in the RE capacity over the next five-six years is estimated to enhance the share of RE plus large hydro in the all-India electricity generation from about 23 % in FY2024 to around 40% in FY2030.

ICRA Ratings | February 26, 2024 | By News Bureau |  2209

Cement Companies Plan to Invest INR 5,500 Cr in Green Power Projects in Two Years

The report estimates that green power will constitute 40-42 percent of the overall power mix for cement companies by March 2025, up from around 35 percent in March 2023.

ICRA Ratings | September 19, 2023 | By EI News Network |  1794

Oil Marketing Companies to Face Profitability Pressures : Report

ICRA Ratings expects the profitability of downstream oil and gas players or oil marketing companies (OMC)s to face profitability pressures in the near to medium term due to several factors.

ICRA Ratings | January 17, 2023 | By News Bureau |  2806

Strong Demand Outlook for Domestic Solar OEMs Aided by Policy Measures: Report

The business prospects for the domestic solar original equipment manufacturers (OEMs) will remain strong aided by several policy measures over the medium-term, predicted by the credit rating agency ICRA Ratings.

ICRA Ratings | February 21, 2022 | By Manu Tayal |  2522

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