ACME Heergarh Powertech Private Limited secures ₹1,253 crore credit facilities with ICRA AA-(Stable) rating

Type: Financing · Technology: Solar · Country: India · Value: INR 150.36M · Announced: 2026-06-22

ACME Heergarh Powertech Private Limited, a subsidiary of ACME Solar Holdings Limited, secured long-term credit facilities totaling ₹1,253 crore (approximately $150 million) from ICRA Limited, which assigned a long-term credit rating of ICRA AA-(Stable) to the facilities. The financing arrangement underscores the subsidiary's financial stability and strengthens investor confidence in its debt management capabilities. ACME Solar Holdings Limited, the parent entity, benefits from this structured credit support as it continues to expand its renewable energy portfolio in India. The ICRA AA-(Stable) rating reflects robust creditworthiness, enabling the subsidiary to access favorable financing terms for future solar projects. This transaction highlights ACME Solar's strategic focus on leveraging structured financing to accelerate its solar energy initiatives across India.

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