Insolation Energy has announced a significant credit rating upgrade for its wholly owned subsidiary, Insolation Green Energy Private Limited. CARE Ratings Limited has revised the subsidiary's credit ratings upward, reflecting improved financial strength and creditworthiness.

Credit Rating Enhancement Details

The rating agency has upgraded the subsidiary's credit ratings across multiple facility categories. The enhancement covers bank facilities totaling ₹146.14 crores, demonstrating CARE's increased confidence in the subsidiary's financial position.

Rating Upgrade Significance

The upgrade from CARE BBB; Stable to CARE BBB+; Stable represents a notable improvement in the subsidiary's credit profile. Additionally, the short-term rating component has been enhanced from CARE A3+ to CARE A2, indicating better short-term financial flexibility.

The long-term bank facilities amount has been reduced from ₹12.34 crores to ₹11.14 crores, while the combined long-term and short-term facilities remain at ₹135.00 crores. This adjustment reflects the subsidiary's evolving financing requirements.

Regulatory Compliance

Insolation Energy disclosed this development in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company filed the intimation on January 23, 2026, ensuring timely communication with stakeholders about material developments affecting its subsidiary.

The credit rating revision for Insolation Green Energy Private Limited represents a positive development for the parent company, as it reflects the improved financial health of its wholly owned subsidiary in the renewable energy sector.

Insolation Energy Limited has announced that its wholly owned subsidiary, Insolation Green Energy Private Limited, has signed a Memorandum of Understanding (MOU) with Bondada Engineering Limited for the supply of solar modules. The agreement was disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

MOU Details

The strategic partnership establishes Insolation Green Energy Private Limited as the priority supplier of solar modules to Bondada Engineering Limited for its upcoming solar projects. The agreement covers the supply of solar modules under ALMM-1 and ALMM-II (Make in India Solar Cell and Solar Module) specifications.

Regulatory Compliance

The MOU has been executed in anticipation of the upcoming ALMM-II regulations, which ensures secure supply of solar modules from Insolation Green Energy Private Limited to Bondada Engineering Limited. The company has confirmed that this transaction does not fall within related party transactions and that Bondada Engineering Limited has no shareholding relationship with the promoter group.

Strategic Significance

This partnership positions Insolation Energy's subsidiary as a key player in the renewable energy supply chain, particularly in the Make in India solar manufacturing segment. The agreement provides business visibility for the two-year period and strengthens the company's position in the expanding solar energy market.

The MOU aligns with India's focus on domestic solar manufacturing under the ALMM framework, which promotes locally manufactured solar cells and modules. For Insolation Energy, this represents a significant step in expanding its renewable energy footprint through its subsidiary operations.

Company Profile

Insolation Energy Limited operates in the capital goods sector, specifically focusing on electrical equipment. The company is classified as a small-cap entity with a market capitalization of ₹3,029.32 crores and trades on BSE under the scrip code 543620.