Kalpataru Projects International Limited — Credit Ratings, 17-10-2025: Credit Rating

CRISIL Ratings has reaffirmed 'CRISIL AA/Stable' for Kalpataru Projects' long-term bank facilities and NCDs, and 'CRISIL A1+' for short-term bank facilities and commercial paper. The ratings reflect strong business growth, a robust Rs 65,475 Cr order book, diversified revenue streams, improved financial profile, and strong liquidity (Rs 845 Cr cash, Rs 863 Cr undrawn limits).