Ahmedabad, January 30, 2026: Adani Group companies have achieved a key milestone in their global credit profile, with three listed entities securing long-term foreign currency credit ratings from Japan Credit Rating Agency (JCR), underscoring the group’s strengthening balance sheet and international funding access.
Adani Ports and Special Economic Zone Ltd was rated A- with a Stable outlook, placing it a notch above India’s sovereign rating, while Adani Green Energy Ltd and Adani Energy Solutions Ltd were each assigned BBB+ ratings with Stable outlook, in line with the country’s sovereign profile.
Ratings Snapshot
| Company | Rating | Outlook | Relative Position |
|---|---|---|---|
| Adani Ports and SEZ Ltd | A- | Stable | Above India sovereign |
| Adani Green Energy Ltd | BBB+ | Stable | At par with India sovereign |
| Adani Energy Solutions Ltd | BBB+ | Stable | At par with India sovereign |
Adani Ports and SEZ: Above-Sovereign Credit Strength
The rating assigned to Adani Ports and SEZ reflects its diversified asset base, resilient cash flow generation, and disciplined financial management. The company operates a portfolio of 15 domestic and four international ports and handles nearly 30 percent of India’s cargo volumes and about half of the country’s container traffic.Financial performance has remained robust, with EBITDA expanding from ₹7,566 crore in FY20 to ₹19,025 crore in FY25 and ₹11,046 crore in the first half of FY26. Net debt to EBITDA stood at a conservative 1.8 times, supported by long-tenor funding and strong liquidity.
Adani Energy Solutions: Regulated Growth With Strong Cash Flows
Adani Energy Solutions continues to scale India’s power infrastructure across transmission, distribution, smart metering, and cooling solutions. Its regulated business model provides stable cash flows, while governance standards support its consolidated credit profile.The company operates 26,705 circuit kilometers of transmission lines with transformation capacity of 97,236 MVA and has built a smart metering portfolio of 7.37 million meters. EBITDA rose from ₹4,532 crore in FY20 to ₹7,747 crore in FY25, aided by a USD 1 billion equity raise and a diversified funding structure.
Adani Green Energy: Renewable Platform With Long-Term Visibility
Adani Green Energy has reinforced its position as India’s largest renewable energy independent power producer, backed by long-term power purchase agreements and operational scale. As of September 2025, operational capacity stood at over 16.7 GW, up sharply from 2.5 GW in FY20.EBITDA increased from ₹1,855 crore in FY20 to ₹10,532 crore in FY25 and ₹6,324 crore in the first half of FY26. Improved equity levels, diversified global funding access, and an average debt maturity of 9.4 years support the company’s expansion pipeline while maintaining financial stability.
Stock Price Snapshot
As of 09:18 AM IST on January 30, 2026, shares of Adani Green Energy Limited were trading at ₹847, down ₹11.80 or 1.37 percent from the previous close of ₹858.80.The stock opened at ₹854.90 and moved in a range of ₹842.70 to ₹854.90 during early trade.
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