Advait Energy Transitions Limited (AETL) is pleased to announce that it has received upgraded ratings from CRISIL for bank facilities viz. long-term facilities as ‘CRISIL BBB+/Stable’ and for short-term facilities as ‘CRISIL A2’. This marks a significant milestone, reflecting the company’s robust financial performance and strategic growth initiatives.

 The upgraded ratings underscore AETL’s strong financial risk profile, demonstrated by a 104% growth in operating revenue, which reached ₹208 crore in FY 2024, and sustained healthy operating margins of 16.8%. The company’s net worth of ₹176 crore, low gearing of 0.24x, and strong liquidity position further highlight its financial resilience.

 AETL’s diversification into new business segments, including its renewable energy (NRE) division, is poised to drive future growth. The company is making significant investments to establish 100 MW electrolyser manufacturing capacity, aimed at bolstering India’s renewable energy capabilities.

 With an impressive order book of ₹270 crore and growing, AETL is positioned to achieve significant revenue growth while maintaining profitability. The ratings also reflect the extensive industry expertise of the company’s promoters, who have successfully built strong relationships with clients and suppliers.

 “This upgrade shows our financial strength and committed performance in business, as we continue to drive progress in the energy sector,” said Mr. Shalin Seth, Founder and Managing Director of Advait Energy Transitions Limited.

 AETL remains committed to its vision of delivering innovative and sustainable energy solutions, further cementing its position as a leader in the power transmission and renewable energy sectors.