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As an early entrant in the Credit Rating business, ICRA Limited (ICRA) is one of the most experienced Credit Rating
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Rating Rationales

Vedanta Limited: Rating assigned for Non-Convertible Debenture; Ratings continue on Watch with Developing Implications 26 Feb 2026

AU Small Finance Bank Limited: Rating reaffirmed; rating simultaneously withdrawn for unutilised/matured bonds 26 Feb 2026

Apollo Metalex Limited: Ratings reaffirmed; rated amount enhanced 26 Feb 2026
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ICRA industry research provides unique research offering for 60+ sectors in India wherein 250+ Ratings analysts
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Special Comments

New gratuity rules cast a (small) shadow on the financial results of corporate India 24 Feb 2026

Growth in economic activity cooled in January 2026, amid unfavourable base 24 Feb 2026

Domestic air passenger traffic grew by 6% YoY in January 2026 20 Feb 2026
Most Trending Reports

Industry volumes continue robust YoY volume growth in January 2026 23 Feb 2026

Flying on a budget: A comparison of India’s low-cost airlines and their global counterparts 23 Feb 2026

Industry losses to decline by one-third in FY2027 as domestic passenger traffic growth recovers to 6-8% 24 Feb 2026
Credit Perspective
About Credit Perspective Reports

ICRA industry research provides unique research offering for 60+ sectors in India wherein 250+ Ratings analysts
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Special Comments

New gratuity rules cast a (small) shadow on the financial results of corporate India 24 Feb 2026

Growth in economic activity cooled in January 2026, amid unfavourable base 24 Feb 2026

Domestic air passenger traffic grew by 6% YoY in January 2026 20 Feb 2026
Most Trending Research

Industry volumes continue robust YoY volume growth in January 2026 23 Feb 2026

Flying on a budget: A comparison of India’s low-cost airlines and their global counterparts 23 Feb 2026

Industry losses to decline by one-third in FY2027 as domestic passenger traffic growth recovers to 6-8% 24 Feb 2026
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Stress in mid-sized firms leads fresh wave of sales to ARCs - Financial Express 26 February 2026

US slap 126% tariff on Indian solar firms cites Adani not joining subsidy probe - The Indian Express 26 February 2026

US imposes 126% tariff on Indian solar firms cites Adani not joining subsidy probe - Financial Express 26 February 2026
Contact Us

Aditya Birla Renewables Solar Limited

Sector : Power Sub Sectors : Power Generation

26 Feb 2026 Aditya Birla Renewables Solar Limited: Aditya Birla Renewables Solar Limited-CPR-26022026

Home Credit Perspective Reports Aditya Birla Renewables Solar Limited

Entity-Specific Rating Rationales

27 Jan 2026

Aditya Birla Renewables Solar Limited: Rating reaffirmed

31 Mar 2025

Aditya Birla Renewables Solar Limited: Rating reaffirmed; rated amount enhanced

28 Jun 2024

Aditya Birla Renewables Solar Limited: Rating reaffirmed

24 Mar 2023

Aditya Birla Renewables Solar Limited: Rating reaffirmed

Entity-Specific Credit Perspective Reports

26 Feb 2026

Aditya Birla Renewables Solar Limited

Aditya Birla Renewables Solar Limited (Non-SF)

31 Jul 2024

Aditya Birla Renewables Solar Limited

Aditya Birla Renewables Solar Limited (Non-SF)

24 Apr 2023

Aditya Birla Renewables Solar Limited

Aditya Birla Renewables Solar Limited (Non-SF)

Ratings

Description	Short Term	Medium Term	Long Term	Issuer
Term Loan	--	--	[ICRA]AA(Stable)	--
Bank Guarantee	--	--	[ICRA]AA(Stable)	--

Our Analysts

Analyst 1

Ayush Goel

9810869499
ayush.goel@icraindia.com

Analyst 2

Rachit Mehta

+91 22 61693327
rachit.mehta@icraindia.com

Sector Head

Girishkumar Kashiram Kadam

9324026665
girishkumar@icraindia.com

Most Trending Research Reports

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No Data Available

Road sector hits a slow lane as project awarding moderates

Mr. Suprio Banerjee,Mr. M Rajashekar Reddy

25 Feb 2026 04:00 PM

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PPT

Specialty Chemicals: Industry on a slow road to recovery

Girishkumar Kadam,Prashant Vasisht

19 Feb 2026 04:00 PM

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PPT

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Podcast

India Automotive Outlook FY2027: Growth Estimates & EV Transition | ICRA Podcast by Srikumar Krishnamurthy

Feb 2026

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