Solar Industries India ratings reaffirmed at CRISIL AA+/Stable

** Solar Industries India Limited (BSE: SOLARINDS) announced that CRISIL Ratings Limited has reaffirmed its 'CRISIL AA+/Stable' rating for the company’s long-term bank loan facilities and non-convertible debentures. The rating agency has withdrawn its rating on NCDs of INR 15.00 Cr, as they have been partially redeemed. The 'CRISIL AA+/Stable' rating on non-convertible debentures and long-term bank facilities is based on the company's dominant position in the domestic and international explosives and detonators markets, efficient operations, and healthy financial risk profile. As of December 31, 2024, Solar Industries' order book stood at INR 7,122.00 Cr.