Waaree Renewable Technologies Secures ‘A’ Rating Upgrade from CARE Ratings

Leading credit rating agency CARE Ratings has upgraded the credit rating of Waaree Renewable Technologies Ltd. (WRTL) from ‘CARE A-’ to ‘CARE A’ in its latest assessment.

The upgraded rating applies to both long-term facilities, such as term loans, and long-term/short-term facilities, including fund-based and non-fund-based limits. The outlook remains stable, indicating confidence in the company’s financial strength and growth trajectory.

The rating upgrade is based on WRTL’s strong financial stability, as reflected in its FY24 financial performance and its performance in the first nine months of FY25. CARE Ratings evaluated various operational and financial parameters, concluding that the company’s strategic growth initiatives and financial discipline position it as a key player in the renewable energy sector.

With this improved credit rating, WRTL is expected to enhance its business opportunities, attract potential investors, and strengthen its market presence. The company’s robust financial health underscores its capability to expand its renewable energy portfolio and explore new partnerships in India’s growing clean energy landscape.

This rating upgrade reinforces Waaree Renewable’s commitment to financial prudence and sustainable growth, further solidifying its standing in the renewable energy sector.