Advait Energy Transitions Ltd's long-term rating upgraded to A-/Stable by CRISIL Ratings

CRISIL upgraded Advait Energy Transitions Ltd's long-term rating to A-/Stable from BBB+/Stable, and short-term rating to A2+. The company was established in 2010 and rebranded in 2023. It has executed 450+ power transmission, substation, and telecom projects across 45+ countries. The rating upgrade is attributed to Advait’s strong operational performance, expanding manufacturing capabilities, and strategic growth. The company is building a multi-integrated manufacturing facility in Ahmedabad, Gujarat, to consolidate production capabilities across power transmission equipment, renewable energy systems, battery energy storage, and hydrogen technologies. Quotes: - "CRISIL has upgraded Advait Energy Transitions Ltd's long-term rating to A-/Stable from BBB+/Stable, and short-term rating to A2+." - "Established in 2010, AETL has executed 450+ power transmission, substation, and telecom projects across 45+ countries, backed by in-house manufacturing and EPC expertise." - "Since its 2023 rebranding, the company has rapidly expanded into renewable energy, BESS, and green hydrogen technologies." - "The rating upgrade underscores Advait’s strong operational performance, expanding manufacturing capabilities, and strategic growth across renewable energy, transmission infrastructure, battery energy storage, and green hydrogen." - "AETL is building a multi-integrated manufacturing facility in Ahmedabad, Gujarat — designed to consolidate production capabilities across power transmission equipment, renewable energy systems, battery energy storage, and hydrogen technologies under one roof."