Olectra Greentech's credit ratings reaffirmed for enhanced borrowing limits

Olectra Greentech Limited announced on October 07, 2025, that ICRA Limited has reaffirmed its credit ratings for the company's borrowing programs. This reaffirmation applies to enhanced limits across various financial instruments.

For Long Term - Fund Based - Cash Credit, the existing limit of Rs. 122.00 crores has been enhanced to Rs. 168.00 crores, with a reaffirmed rating of [ICRA]A-(Positive). Long Term - Fund Based - Term Loans also saw an increase from Rs. 500.00 crores to Rs. 505.00 crores, maintaining an [ICRA]A- (Positive) rating.

Similarly, Long Term/Short Term - Non-fund Based - Others remains at Rs. 125.00 crores with a reaffirmed rating of [ICRA]A-(Positive) /[ICRA]A2+. Short Term - Non-fund Based - Others increased from Rs. 15.00 crores to Rs. 34.00 crores, receiving an [ICRA]A2+ rating. Short Term - Non-Fund Based - Letter of Credit saw a significant increase from Rs. 755.00 crores to Rs. 935.00 crores, also rated [ICRA]A2+.