Advait Energy Transitions Limited (AETL) is delighted to share that CRISIL has upgraded its ratings for bank facilities. The long-term facilities are now rated as ‘CRISIL BBB+/Stable’, while the short-term facilities have received a ‘CRISIL A2’ rating. This achievement reflects AETL’s robust financial performance and strategic growth. In FY 2024, the company reported a 104% increase in operating revenue, reaching ₹208 crore, with healthy operating margins of 16.8%. Its strong financial position is further demonstrated by a net worth of ₹176 crore, low gearing at 0.24x, and a solid liquidity profile. This milestone underscores AETL’s commitment to sustainable growth and financial resilience.
Advait Energy Transitions Limited (AETL) is driving future growth through diversification into new business segments, including its Renewable Energy (NRE) division. The company is investing heavily to establish a 100 MW electrolyser manufacturing capacity, strengthening India’s renewable energy capabilities. With a robust order book of ₹270 crore, AETL is set to achieve substantial revenue growth while sustaining profitability. The upgraded ratings by CRISIL also highlight the extensive industry expertise of AETL’s promoters, who have built strong relationships with clients and suppliers, ensuring continued success in the market. This strategic expansion reinforces AETL’s commitment to innovation, sustainability, and long-term growth.
Mr. Shalin Seth, Founder and Managing Director of Advait Energy Transitions Limited, mentioned, “This upgrade shows our financial strength and committed performance in business, as we continue to drive progress in the energy sector.”
Advait Energy Transitions Limited (AETL) is steadfast in its commitment to delivering innovative and sustainable energy solutions. This dedication reinforces its position as a market leader in the power transmission and renewable energy sectors. By aligning its strategies with sustainability and innovation, AETL continues to pave the way for a cleaner, more efficient energy future, solidifying its role as a key player in driving India’s energy transformation.
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