ICRA An Affiliate of Moody's

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ICRA Limited is an Independent and professional investment information & Credit Rating Agency.
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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

Late Shri Vishnu Waman Thakur Charitable Trust: Continues to remain under issuer non-cooperating category 15 Apr 2026

Shantai Exim Limited: Ratings Withdrawn 15 Apr 2026

Doshi Ceramic Industries: Continues to remain under issuer non-cooperating category 15 Apr 2026
Research
ICRA Research

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

West Asia conflict-led surge in energy prices drove WPI inflation to 38-month high 3.9% in March 2026; April print foreseen at 4.8% 15 Apr 2026

Insolvency and Bankruptcy Code (IBC) 13 Apr 2026

Below-normal monsoon forecast of 92% of LPA historically on lower side; El Nino poses key risks to agricultural output and food prices in FY2027 13 Apr 2026
Most Trending Reports

ICRA's Outlook for FY2027 01 Apr 2026

Portfolio growth to remain healthy notwithstanding some moderation; managing asset quality will remain crucial 31 Mar 2026

Industry volume growth to moderate in FY2027 31 Mar 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

West Asia conflict-led surge in energy prices drove WPI inflation to 38-month high 3.9% in March 2026; April print foreseen at 4.8% 15 Apr 2026

Insolvency and Bankruptcy Code (IBC) 13 Apr 2026

Below-normal monsoon forecast of 92% of LPA historically on lower side; El Nino poses key risks to agricultural output and food prices in FY2027 13 Apr 2026
Most Trending Research

ICRA's Outlook for FY2027 01 Apr 2026

Portfolio growth to remain healthy notwithstanding some moderation; managing asset quality will remain crucial 31 Mar 2026

Industry volume growth to moderate in FY2027 31 Mar 2026
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Upcoming Webinars

Banking Outlook: Growth and Profitability in an Uncertain Geopolitical Environment 22 Apr 2026 04:00 PM
What's in the news?

OMCs face renewed pressure as US Iran peace talks collapse - Business Standard 13 April 2026

Failed peace talks bode ill for markets, economy - Mint 13 April 2026

Layer may Get Transparent for Govt NBFCs - Economic Times 13 April 2026
Contact Us

Avaada IndSolar Private Limited

Sector : Power Sub Sectors : Power Generation

15 Apr 2026 Avaada IndSolar Private Limited: CPR-Avaada_Indsolar_Private_Limited

Home Credit Perspective Reports Avaada IndSolar Private Limited

Entity-Specific Rating Rationales

01 Apr 2026

Avaada Indsolar Private Limited: Rating reaffirmed; rating reaffirmed and withdrawn for bank guarantee

24 Mar 2025

Avaada Indsolar Private Limited: Rating reaffirmed

03 Jan 2024

Avaada IndSolar Private Limited – [ICRA]A- (Stable) assigned

Entity-Specific Credit Perspective Reports

15 Apr 2026

Avaada IndSolar Private Limited

Avaada IndSolar Private Limited (Non-SF)

23 Apr 2025

Avaada IndSolar Private Limited

Avaada IndSolar Private Limited (Non-SF)

29 Jan 2024

Avaada IndSolar Private Limited

Avaada IndSolar Private Limited (Non-SF)

Ratings

Description	Short Term	Medium Term	Long Term	Issuer
Long-term – Non-fund based – Bank guarantee	--	--	Withdrawn	--
Long-term – Fund-based – Term Loan	--	--	[ICRA]A-(Stable)	--

Our Analysts

Analyst 1

Rohit Shahu

9607311764
rohit.shahu@icraindia.com

Analyst 2

Asmita Pant

+91 124 4545330
asmita.pant@icraindia.com

Sector Head

Girish kumar Kadam

+91 22 61143441
girishkumar@icraindia.com

Most Trending Research Reports

Rating Rationales

Webinars

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Banking Outlook: Growth and Profitability in an Uncertain Geopolitical Environment

Karthik Srinivasan,Anil Gupta,Sachin Sachdeva

22 Apr 2026 04:00 PM

Credit Quality Trends and ICRA’s Outlook for FY2027

Mr. K Ravichandran,Ms. Aditi Nayar,Mr. Pratik Singhania

01 Apr 2026 04:00 PM

Want to Listen

PPT

Road sector hits a slow lane as project awarding moderates

Mr. Suprio Banerjee,Mr. M Rajashekar Reddy

25 Feb 2026 04:00 PM

Want to Listen

PPT

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Podcast

New CPI and GDP Series | FY27 Growth and Inflation Outlook | ICRA Insight by Aditi Nayar

Mar 2026

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