Adani Energy Solutions Limited announced that its material subsidiary, Adani Electricity Mumbai Limited, has received a credit rating upgrade from Crisil Ratings Limited. The rating was elevated from ‘Crisil AA+/Positive’ to ‘Crisil AAA’ with a stable outlook. This upgrade applies to the subsidiary’s proposed Non-Convertible Debentures (NCDs) and was disclosed on February 21, 2026, in compliance with SEBI Listing Regulations. The development underscores the improved creditworthiness and financial stability of the subsidiary.
The upgrade marks a significant milestone for Adani Energy Solutions Limited, reflecting positively on the financial standing of its material subsidiary. The company formally communicated the rating enhancement to stock exchanges, adhering to regulatory requirements and ensuring transparency for investors.
Crisil Ratings Limited’s decision to upgrade Adani Electricity Mumbai Limited’s rating from ‘Crisil AA+/Positive’ to ‘Crisil AAA’ signals substantial improvement in the subsidiary’s credit profile. The rating is applicable to the proposed Non-Convertible Debentures and carries a stable outlook, demonstrating strong financial health and operational resilience.
The disclosure was made under Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates that companies inform exchanges of material developments that could impact investor decisions, ensuring timely and accurate information dissemination.
Adani Electricity Mumbai Limited is designated as a material subsidiary of Adani Energy Solutions Limited. The credit rating upgrade of this key subsidiary highlights the strength of the parent company’s portfolio and reinforces confidence in its operational and financial capabilities.
Adani Energy Solutions Limited has made the rating upgrade publicly available on its official website, maintaining transparency for all stakeholders. The formal communication was signed by Company Secretary Jaladhi Shukla and submitted to both BSE Limited and the National Stock Exchange of India Limited.
