Suzlon's Double Milestone: CRISIL Upgrades Credit Rating Again

Suzlon Group, a leading renewable energy provider in India, announced that CRISIL has upgraded its credit rating to 'CRISIL A' with a Positive Outlook. This second upgrade in 2024 highlights Suzlon's strong operational performance and commitment to financial excellence, reinforcing its leadership in the renewable energy sector.

Suzlon Group, India's premier renewable energy solutions provider, today declared an upgrade from CRISIL Ratings to 'CRISIL A' with a Positive Outlook, signifying the company's robust performance and enhanced profitability.

This marks CRISIL's second ratings upgrade for Suzlon in 2024, driven by the company's strong operational efficiency, disciplined financial management, and consistent quarterly growth. Initially rated 'CRISIL A-' earlier this year, the upgrade to 'CRISIL A' highlights improved financial metrics amid rising opportunities in the renewable energy market.

Himanshu Mody, CFO of Suzlon Group, emphasized the significance of the rating upgrade, underscoring stakeholder confidence and the company's commitment to financial and operational excellence. Celebrating two consecutive credit ratings upgrades in a year, Suzlon remains committed to sustainable practices and efficient capital management, solidifying its status as a trusted leader in the renewable energy sector.

(With inputs from agencies.)