Runaya Green Tech Secures CRISIL A Rating on Strong Growth

20 Jan 2026 CW Team

Runaya Green Tech has recently received a ‘CRISIL A/Stable’ long-term rating and ‘CRISIL A1’ short-term rating from CRISIL Ratings, reflecting strong revenue visibility, rapid scale-up and a healthy financial risk profile.

CRISIL highlighted the company’s accelerated growth trajectory, with revenues rising nearly fourfold to Rs 2.7 billion in FY25. Revenue is expected to double in FY26, supported by the commissioning of new capacities and higher production of recycled critical minerals including cadmium, cobalt, nickel, copper and antimony.

The rating agency noted that Runaya’s performance is underpinned by its technology-led, sustainability-focused ‘waste-to-wealth’ business model, proprietary recovery processes and global technology partnerships. The company’s operations are fully powered by renewable energy, reinforcing its focus on responsible manufacturing.

According to CRISIL, long-term supply and purchase agreements with anchor customers provide strong revenue visibility, while low leverage, robust cash accruals and interest coverage of over five times in FY25 support a sound financial profile.

Runaya’s recycled critical minerals are increasingly important for India’s electric vehicle, battery and advanced manufacturing ecosystem. By strengthening domestic availability of these materials, the company is supporting reduced import dependence and aligning with India’s energy transition and circular economy goals.

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