H.G. Infra Engineering Limited — Credit Ratings, 02-02-2026: Credit Rating

ICRA Limited reaffirmed H.G. Infra Engineering Limited's long-term rating at [ICRA]AA- (Positive) and short-term rating at [ICRA]A1+ for its fund-based and non-fund-based bank facilities, including Non-Convertible Debentures. This decision maintains the 'Positive' outlook despite recent CBI/ACB search operations and bribery allegations, indicating ICRA's confidence in the company's financial stability and operational resilience.