KPI Green Energy Reaffirms Credit Ratings with ICRA
KPI Green Energy Limited announced on March 25, 2026, that ICRA Limited has reaffirmed its credit ratings for the company’s bank facilities and Non-Convertible Debentures (NCDs). The ratings reflect the company’s financial performance and outlook.Bank Facility Ratings
ICRA has reaffirmed and assigned enhanced amounts to the following bank facilities:
| Instrument | Rated Amount (Rs. crore) | Rating Action | Outlook |
|---|---|---|---|
| Long term - Fund based - Term loan | 4009.54 | [ICRA]A (Stable); reaffirmed and assigned to enhanced amount | Revised from Positive |
| Long term - Fund based - Cash credit | 487 | [ICRA]A (Stable); reaffirmed and assigned to enhanced amount | Revised from Positive |
| Short term - Working capital demand loan | 223 | [ICRA]A2+; reaffirmed and assigned to enhanced amount | |
| Short term - Vendor bill discounting | 50 | [ICRA]A2+; assigned | |
| Short term - Non-fund based - Bank guarantee | 988 | [ICRA]A2+; reaffirmed and assigned to enhanced amount | |
| Short term - CEL | 16 | [ICRA]A2+; reaffirmed | |
| Long term/Short term - Unallocated limits | 1.46 | [ICRA]A (Stable)/ [ICRA]A2+; reaffirmed | Revised from Positive |
| TOTAL | 5775 |
Non-Convertible Debenture (NCD) Ratings
ICRA has reaffirmed the rating for the company’s NCDs as [ICRA]AA+ (CE) (Stable). The rating without explicit credit enhancement is [ICRA]A. Rs. 26.80 crore of NCDs have been redeemed from a total outstanding of Rs. 670.0 crore.
The ratings were released by ICRA Limited.
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