Suzlon Energy on Wednesday said it has received a credit rating upgrade from CRISIL. CRISIL has upgraded Suzlon Energy Limited ratings as under:
Total bank loan facilities rated: Rs 5,685 crores (Enhanced from Rs 3050 Crores)
Long term rating: Crisil A+ / Stable (Upgraded from ‘CRISIL A / Positive’)
Short term rating: CRISIL A1
ICRA has also assigned following rating to Suzlon Energy Limited
Total bank loan facilities rated: Rs 2635 crores
Long term rating / Short term: [ICRA]A+ (Stable) / [ICRA]A1; assigned
In the current session, Suzlon Energy stock closed 1% lower at Rs 61.21 on BSE. Suzlon Energy’s market cap stood at Rs 83,869 crore.
The green energy stock logged a turnover of Rs 24.29 crore as 39.59 lakh shares changed hands on BSE today.
The multibagger stock rose 239% in two years and gained 918% in three years.
Suzlon Energy is a provider of renewable energy solutions. The company is a producer of wind turbines. It offers a range of solar energy solutions, such as solar irradiance assessment, land acquisition and approvals, infrastructure and power evacuation, supply chain, installation and commission and life cycle asset management.
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