Financial Stability & Industry Recognition
For utility-scale solar projects, partner bankability is as critical as technical efficiency. Our latest CRISIL credit rating upgrade reflects the operational and financial strength necessary to support your long-term energy infrastructure.
The Week reports on our upgraded CRISIL rating. This achievement highlights our strong fundamentals and solid growth trajectory, strengthening our reputation as a reliable partner in the renewable energy market.
Press Trust of India covers our CRISIL rating upgrade to 'A-/Stable'. This recognition signifies our company's financial strength, capability, and the long-term reliability of our solar modules.
As featured on News18, CRISIL has upgraded our long-term rating, a true measure of our strengthened business profile, strong financials, and sustained track record of meeting our obligations.
Rediff highlights our upgraded CRISIL rating to A-/Stable, underscoring our solid growth trajectory and our position as a preferred provider of modules for large projects.
Business Standard reports on our rating upgrade, which is a result of our strong growth, increased capacity, better utilisation, and premium demand for our products.
Our CEO, Mr. Gautam Mohanka, on our financial stability. Our strong balance sheet and operational capabilities allow us to honor our warranties and position us as a reliable partner for large-scale solar power plants.
SolarQuarter reports on our recent ratings boost from CRISIL. This rating, among the highest for Indian solar module manufacturers, affirms our financial standing and operational capabilities for large projects.
We are proud to be at the forefront of innovation, being one of only 10 out of 93 Indian manufacturers producing ALMM & BIS approved TOPCon Solar Panels, according to the latest data.
Financial strength and stability are the bedrock of our operations. We are proud to have our long-term credit rating upgraded by CRISIL to A-/Stable and our short-term rating reaffirmed at A2+, signifying the bankability and long-term reliability of our solar modules for large projects.
About Industry Recognition & Financial Stability
When selecting a solar module supplier for utility-scale projects, financial bankability is often the deciding factor in project financing. Our A-/Stable long-term credit rating and A2+ short-term rating from CRISIL provide third-party validation that we possess the liquidity and operational maturity to sustain supply and honor 30-year performance warranties, regardless of market volatility.
In the renewable energy sector, a solar panel manufacturer is only as reliable as their ability to support their product over its 30-year lifespan. Our recent credit rating upgrade is not merely a financial milestone, it is a signal of our operational stability for developers, EPCs, and utility companies.
Why Credit Ratings Matter for Solar Projects
Project financiers and lenders perform rigorous due diligence on component suppliers. An A-/Stable long-term rating signifies that we have demonstrated consistent revenue growth, strong operational cash flows, and the ability to meet debt obligations. For you, this translates into lower risk when integrating our modules into bankable project proposals.
Scaling for 5 Gigawatts
Our financial strength supports our current roadmap toward a 5 GW manufacturing capacity. We are investing in fully automated, robotic production lines at our Gwalior facility to ensure that we maintain consistent output quality for large-volume orders. This scale allows us to maintain stable, Just-in-Time supply chains, reducing the lead-time risks often associated with large-scale domestic tenders.
Commitment to Domestic Standards
Beyond financial health, we are recognized for our technical compliance. Being among the top 10 Indian manufacturers currently producing ALMM and BIS-approved N-Type TOPCon panels confirms that we are not just financially capable, but technically aligned with India's evolving energy policy. Whether you are bidding for a DCR (Domestic Content Requirement) project or need high-efficiency bifacial modules, our operational infrastructure is built to support your project from tender to commissioning.
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