Mumbai, Feb. 12 -- Crisil Ratings has noted successful equity listing of ASHL in November 2024, leading to a raise of -Rs 2,395 crore were through fresh issue by the company. ASHL has repaid Rs 2,069 crore of debt (Subsidiary project loan / non project loan) from IPO proceeds.

Also, ASHL has long track record of refinancing projects at Lower rate of Interest which gives comfort to overall liquidity of the group. In house execution of single location largest solar project in Rajasthan i.e. commissioned 1.2 GW in the current year proves the ability of group to deliver projects of large scale.

The 'positive' outlook reflects that proportion of operational portfolio composition of ASHL may improve through commissioning of under implementati...