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Entity-Specific Rating Rationales

10 Jul 2025

Solar Energy Corporation of India Ltd: Ratings reaffirmed; rated amount enhanced for bank loan limits; rating assigned to NCD programme

Solar Energy Corporation of India Ltd: Ratings reaffirmed; rated amount enhanced for bank loan limits; rating assigned to NCD programme

20 May 2025

Solar Energy Corporation of India Ltd: Update on material event

Solar Energy Corporation of India Ltd: Update on material event

08 May 2024

Solar Energy Corporation of India Ltd: Ratings reaffirmed; rated amount enhanced

Solar Energy Corporation of India Ltd: Ratings reaffirmed; rated amount enhanced

27 Dec 2023

Solar Energy Corporation of India Ltd: Ratings reaffirmed; rated amount enhanced

Solar Energy Corporation of India Ltd: Ratings reaffirmed; rated amount enhanced

28 Sep 2023

Solar Energy Corporation of India Ltd: Ratings reaffirmed; rated amount enhanced

Solar Energy Corporation of India Ltd: Ratings reaffirmed; rated amount enhanced

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Entity-Specific Credit Perspective Reports

07 Aug 2025

Solar Energy Corporation of India Ltd

Solar Energy Corporation of India Ltd (Non-SF)

31 Oct 2023

Solar Energy Corporation of India Ltd

Solar Energy Corporation of India Ltd (Non-SF)

05 Sep 2022

Solar Energy Corporation of India Ltd

Solar Energy Corporation of India Ltd (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Non-Fund Based Limits [ICRA]A1+ -- [ICRA]AAA(Stable) --
Cash credit (LT/ST) [ICRA]A1+ -- [ICRA]AAA(Stable) --
Long term - Fund based – Term Loan -- -- [ICRA]AAA(Stable) --
Non-Convertible Debentures (NCD) -- -- [ICRA]AAA(Stable) --

Our Analysts

Analyst 1

Devanshu Gupta

Analyst 2

Asmita Pant

Sector Head

Girishkumar Kashiram Kadam
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ICRA Webinar on Indian Gas Utilities: Trends and Outlook
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