Ramdevbaba Solvent Limited — Credit Ratings, 25-07-2025: Credit Rating- Others

Infomerics Ratings has assigned a 'IVR BBB-/Stable' rating to RBS Renewables Private Limited's Rs 145.00 Cr long-term bank facilities. This first-time rating is driven by the group's experience, locational advantages, and supportive government policies for ethanol. However, the rating is moderated by risks tied to project stabilization, raw material price volatility, agro-climatic factors, and the lack of long-term offtake agreements. The stable outlook highlights continued policy support for the ethanol blending program. This rating provides initial financial clarity, potentially influencing future borrowing costs and investor confidence as the company builds out its new ethanol venture.