BSECompany Update21 Aug 2026 · 21 Aug 2026, 05:27 pm
Update on Credit Rating
H.G. Infra Engineering Ltd · 541019
✦ AI SummaryRating Change
H.G. Infra Engineering Ltd has informed that ICRA Limited has taken rating action on its facilities, reaffirming the ratings and revising the outlook to stable from positive for long-term and non-fund based facilities, and reaffirming the ratings for non-convertible debentures.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk3/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment6/10
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Full Announcement
H.G. Infra Engineering Ltd - 541019 - Announcement under Regulation 30 (LODR)-Credit Rating
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HGIEL/HO/COMPLIANCE/2026-27/697 August 21, 2026
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G
Dalal Street Bandra Kurla Complex, Bandra (East)
Mumbai- 400 001 Mumbai- 400 051
Scrip Code- 541019/977063 Scrip Symbol- HGINFRA
Dear Sir/Madam,
Sub: Update on Credit Rating
Pursuant to Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, we would like to inform you that ICRA Limited (“ICRA”) has taken the following
rating action vide its letter dated August 20, 2026, for the following facilities;
Instrument Rated Amount Rating Action
(Rs. Crore)
Long-term – Fund-based - Cash 900.00 [ICRA]AA- (Stable); Reaffirmed
credit and outlook revised to stable from
positive
Long-term/Short-term – 4300.00 [ICRA]AA- (Stable)/ [ICRA]A1+;
Non-fund based – Bank Guarantee Reaffirmed and outlook revised to
stable from positive
Non-Convertible Debenture 400.00 [ICRA]AA- (Stable); Reaffirmed
and outlook revised to stable from
positive
Total 5600.00
This is for your information and records.
Thanking you,
Yours faithfully,
For H.G. Infra Engineering Limited
Ankita Mehra
Company Secretary and Compliance Officer
ICSI M. No: A33288