Atlanta Electricals Limited has received a reaffirmation of its credit ratings from Crisil Ratings Limited for its enhanced bank facilities aggregating Rs. 1,460 crores. The long-term rating has been reaffirmed at Crisil A/Stable, while the short-term rating stands reaffirmed at Crisil A1, underscoring the company’s sustained credit strength and financial stability. The ratings are dated February 11, 2026, and reflect an increase in the total rated facilities from Rs. 910 crores earlier.
The reaffirmation was communicated through a regulatory filing under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, highlighting the company’s maintained creditworthiness despite the significant enhancement in its banking limits. The ratings cover a diversified set of banking arrangements across multiple leading financial institutions and remain valid until March 31, 2026.
Crisil Ratings evaluated Atlanta Electricals’ expanded credit profile, reaffirming ratings on the company’s total bank loan facilities of Rs. 1,460 crores. The facility mix includes bank guarantees of Rs. 770 crores, cash credit facilities of Rs. 150 crores, letters of credit amounting to Rs. 400 crores, proposed fund-based limits of Rs. 74.48 crores, and term loans totaling Rs. 65.52 crores, reflecting a well-diversified funding structure.
The company maintains banking relationships with several prominent lenders. State Bank of India leads with facilities of Rs. 330 crores across bank guarantees, cash credit, and letters of credit, followed by HDFC Bank Limited with Rs. 270 crores and Axis Bank Limited with Rs. 210 crores. Other key partners include YES Bank Limited (Rs. 135 crores), Kotak Mahindra Bank Limited (Rs. 150 crores), The Federal Bank Limited (Rs. 150 crores), Union Bank of India (Rs. 75 crores), and Tata Capital Limited, which has extended Rs. 65.52 crores in term loan facilities.
Crisil Ratings will continue to maintain surveillance over the assigned ratings and may revise or withdraw them based on any material changes in information or circumstances affecting the company’s credit profile. The rating letter is valid until March 31, 2026, and entities are required to seek fresh revalidation if the proposed facilities are not availed within 180 days from the rating date.
The reaffirmed Crisil ratings reaffirm Atlanta Electricals Limited’s financial discipline and stable operating profile, supporting its access to a broad and diversified banking network to meet ongoing operational needs and future growth requirements.
