ICRA Upgrades ACME Aklera Loan Rating To AA-/Stable

24 Sep 2025 CW Team

ICRA Limited has upgraded the credit rating of the long-term loan facility of ACME Aklera Power Technology Private Limited (AKPTPL), a wholly owned subsidiary of ACME Solar Holdings Limited, to ‘ICRA AA-/Stable’ from ‘ICRA A+/Stable’. The rating applies to 250 MW of renewable energy capacity in Rajasthan, linked to a Rs 10.7 billion term loan from Bank of America, Standard Chartered Bank and India Infradebt Limited.

ICRA noted the strengthening of ACME Solar’s credit profile, strong revenue visibility, robust generation performance, and successful refinancing of its earlier loan on favourable terms as key reasons for the upgrade.

The rating also reflects AKPTPL’s solid operational profile, supported by a 25-year Power Purchase Agreement (PPA) with Solar Energy Corporation of India Limited (SECI). The fixed tariff arrangement ensures predictable long-term cash flows, while SECI’s consistent record of timely payments further enhances the company’s credit profile.

Infrastructure Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..