Adani Enterprises Gets Credit Rating Updates from CARE and ICRA

Adani Enterprises Limited has informed stock exchanges about credit rating assignments and reaffirmations from two prominent rating agencies. The company disclosed these developments in compliance with Regulation 30(6) of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

CARE Ratings Limited Assessment

CARE Ratings Limited has assigned and reaffirmed ratings across multiple financial instruments for Adani Enterprises. The rating actions cover a comprehensive range of facilities totaling ₹26,045.00 crores.

Facilities/Instruments	Amount (₹ Crore)	Rating	Action
Non-Convertible Debentures	3,000.00	CARE AA-: Stable	Assigned
Non-Convertible Debentures	1,000.00	CARE AA-: Stable	Reaffirmed
Non-Convertible Debentures	2,000.00	CARE AA-: Stable	Reaffirmed
Commercial Paper	2,000.00	CARE A1+	Reaffirmed
Long-term bank facilities	2,500.00	CARE AA-: Stable	Reaffirmed
Long-term/Short-term bank facilities	15,305.00	CARE AA-: Stable/CARE A1+	Reaffirmed
Short-term bank facilities	240.00	CARE A1+	Reaffirmed

ICRA Limited Rating Actions

ICRA Limited has provided ratings for six categories of financial instruments, including both reaffirmations and assignments for enhanced amounts. The total coverage includes ₹26,744.99 crores across various facilities.

Facilities/Instruments	Amount (₹ Crore)	Rating	Action
Non-convertible debentures	3,000.00	ICRA AA-: Stable	Reaffirmed
Commercial paper	2,000.00	ICRA A1+	Reaffirmed
Long-term Fund-based Term loan	2,500.00	ICRA AA-: Stable	Reaffirmed and Assigned for enhanced amount
Long-term/Short-term Fund-based/Non-fund based Working capital facilities and bank facilities	15,505.00	ICRA AA-: Stable/ICRA A1+	Reaffirmed and Assigned for enhanced amount
Short-term Non-fund based Loan equivalent risk for hedging limit	240.00	ICRA A1+	Reaffirmed
Proposed non-convertible debentures	3,499.99	ICRA AA-: Stable	Assigned

Regulatory Compliance

The company has communicated these rating updates to both BSE Limited and National Stock Exchange of India Limited as part of its disclosure obligations. The notification was signed by Jatin Jalundhwala, Company Secretary & Joint President (Legal), ensuring proper corporate governance protocols are followed.

Both rating agencies have maintained consistent rating levels across similar instruments, with AA- ratings for long-term facilities and A1+ ratings for short-term instruments, reflecting the company's credit profile and financial standing.

Adani Enterprises has received credit rating assignments and reaffirmations from CARE Ratings and ICRA Limited across multiple financial instruments totaling over ₹26,000 crores.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.16%	-0.44%	-7.36%	-8.50%	-3.36%	+384.04%

Adani Enterprises parent Adani Group has unveiled plans to expand its aviation sector presence through two key service areas: engine maintenance, repair, and overhaul (MRO) operations and passenger-aircraft-to-freighter (P2F) conversion services.

Strategic Aviation Market Entry

The conglomerate's decision to venture into these specialized aviation services reflects its confidence in India's growing domestic aviation market. The move represents a significant diversification strategy as the group seeks to establish a foothold in the aircraft maintenance and conversion sectors.

Service Area	Details
Engine MRO	Maintenance, repair, and overhaul services
P2F Conversion	Passenger-aircraft-to-freighter transformation
Target Market	Domestic aviation sector

Market Positioning Strategy

The engine MRO segment represents a critical component of aviation infrastructure, providing essential maintenance services that ensure aircraft safety and operational efficiency. Meanwhile, the P2F conversion business addresses the growing demand for cargo aircraft, particularly as e-commerce and logistics sectors continue expanding across India.

Aviation Sector Expansion

This initiative aligns with Adani Group's broader infrastructure development focus, leveraging its existing airport operations experience. The group's entry into these specialized services could potentially create synergies with its current aviation infrastructure investments.

The announcement signals Adani Group's commitment to capturing opportunities within India's aviation ecosystem, positioning the conglomerate to serve both domestic and potentially international aviation service requirements through these new business verticals.

Adani Group's plans to enter engine maintenance, repair, and overhaul services along with passenger-to-freighter aircraft conversion target India's growing aviation sector. This move further solidifies the group's intentions to become a significant player in the country's expanding aviation industry.