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Grasim Industries acquires stake in wholly-owned arm, ABRSPL

ABReL Solar Power is a subsidiary of Aditya Birla Renewables, which in turn is the wholly-owned subsidiary of Grasim Industries. The shares are acquired by Grasim Industries at par value, which is the book value, therefore the transaction is at arms length. The objective of the acquisition of shares is to comply with the minimum shareholding

Century Enka signs power purchase agreement with ABReL

The purpose of entering into the agreement is to operate and maintain 10.5 MW Wind-Solar Hybrid power plant in the State of Gujarat (the "Project") wherein the power generated will be supplied exclusively to one of the facilities located at Bharuch, Gujarat under the Captive Rules. and Power Purchase Agreement with ABReL Century Energy

Rating Rationale

Detailed Rationale. CRISIL Ratings has assigned its '' CRISIL AA/Stable '' rating to the Rs.2500 crore non-convertible debentures of Aditya Birla Renewables Ltd (ABReL; part of the Aditya Birla Renewables [ABR] group) while reaffirming its ''CRISIL AA/Stable/CRISIL A1+'' ratings on the bank loan facilities.. The ABR group includes ABReL (including Aditya Birla Solar Ltd

Rating Rationale

Analytical Approach. Based on its criteria for rating entities in homogenous groups, CRISIL Ratings has combined the b usiness and financial risk profiles of ABReL; its SPVs—ABReL SPV1, ABReL SPV2, ABReL Energy, ABReL Solar, ABRSL, ABRUL, Waacox, ASPL, ACEL, AGEL and AOSL—and ABSL. These entities, collectively referred to as the ABR

What is Abrel Solar Power Limited?

Abrel Solar Power Limited is a Public company incorporated on 31 August 2021. It is registered at the Registrar of Companies, Mumbai, and is classified as a Non-govt company. Its authorized share capital is Rs. 1,,800,,000,,000 and its paid up capital is Rs. 1,,765,,632,,000.

Who owns abrul solar?

ABReL holds 74% stake in ABRUL, while 26% is held by Utkal Alumina International Ltd, a subsidiary of Hindalco, the captive power procurer for the entire capacity. Incorporated on April 10, 2020, ABReL Solar has operational solar capacity of 79.2 MWp in Madhya Pradesh, Maharashtra, Gujarat and Uttar Pradesh, and wind capacity of 21 MW.

When was the last AGM of Abrel solar power limited?

The last reported Annual General Meeting (AGM) of Abrel Solar Power Limited, according to our records, was held on 02 August, 2022. Abrel Solar Power Limited has five directors - Bhupendranath Bhargava, Amitabh Verma, and others.

Rating Rationale

Incorporated on April 10, 2020, ABReL Solar has operational solar capacity of 14.2 MWp in Maharashtra and UP. It is constructing a 35 MWp solar power plant in M P. ABReL holds 74% stake in ABReL Solar, while Hindalco, the captive power procurer for the entire capacity, holds the remaining.

Rating Rationale

Detailed Rationale. CRISIL Ratings has assigned its ''CRISIL AA/Stable/CRISIL A1+'' rating s on the bank facilities of ABREL (MP) Renewables Limited (AMRL; a part of the Aditya Birla Renewables [ABR] group).. The ABR group includes Aditya Birla Renewables Ltd (ABReL), its special-purpose vehicles (SPVs) —Aditya Birla Renewables SPV 1 Ltd (ABReL

The National Stock Exchange of India Limited Symbol: GRASIM

ABReL Solar Power Limited, a subsidiary of the Company. The disclosure as required under Schedule III of the Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9th September, 2015 is also attached as Annexure ''1'' to this letter. Thanking you Yours sincerely, For Grasim Industries Limited

Rating Rationale

Detailed Rationale. CRISIL Ratings has reaffirmed its ''CRISIL AA/Stable'' rating on the long-term bank facility of ABREL Solar Power Limited (ASPL; a part of the Aditya Birla Renewables [ABR] group).. The ABR group includes Aditya Birla Renewables Ltd (ABReL), its special-purpose vehicles (SPVs; Aditya Birla Renewables SPV 1 Ltd [ABReL SPV1], Aditya

How much solar capacity does Abrel have?

Incorporated on August 7, 2015, ABReL has 282.8 MWp of operational solar capacity across Karnataka (20 MWp), Gujarat (145.4 MWp), Odisha (105 MWp) and Andhra Pradesh (12.4 MWp). It has entered into a 22-year PPA with Grasim and 25-year PPAs with GUVNL and GRIDCO.

Rating Rationale

Detailed Rationale. CRISIL Ratings has reaffirmed its ''CRISIL AA/Stable'' rating on the long-term bank facility of ABREL Solar Power Limited (ASPL; part of the Aditya Birla Renewables [ABR] group).. The ABR group includes Aditya Birla Renewables Ltd (ABReL), its special-purpose vehicles (SPVs) —Aditya Birla Renewables SPV 1 Ltd (ABReL SPV1), Aditya Birla Subsidiary

3 firms win GUVNL''s bid to develop 500 MW of solar

GUVNL intends to procure the solar power to fulfill its Renewable Power Purchase Obligation (RPPO) and meet the requirements of the electricity distribution companies of Gujarat. (ABREL SPV2), Hinduja Renewable

About Us | Aditya Birla Renewables

June - Won the bid for our largest project to date – a 650 MW solar power plant for the Gujarat Urja Vikas Nigam Limited (GUVNL) 2021. November - 40th plant commissioned at Taloja, Maharashtra; 2020. December - 30th plant commissioned at Bolangir in Odisha; 2019.

Rating Rationale

Detailed Rationale. CRISIL Ratings has reaffirmed its ''CRISIL AA/Stable'' rating on the long-term bank facility of ABREL Solar Power Limited (ASPL; a part of the Aditya Birla Renewables [ABR] group).. The ABR group includes Aditya Birla Renewables Ltd (ABReL), its special-purpose vehicles (SPVs; Aditya Birla Renewables SPV 1 Ltd [ABReL SPV1], Aditya Birla Renewables

Aditya Birla Renewables (ABReL) wins 300 MW solar pr oject

Aditya Birla Renewables (ABReL) wins 300 MW solar pr oject 2 min read The comp any b agged the pr o ject with Gujar at Ur ja Vikas Nigam Limit ed (GUVNL) at a f ixed tar i f f for 25 y ear s. In April 2022, GUVNL requested proposals to purchase power from 500 MW of grid-connected solar PV power projects through a competitive bidding p

ABREL SOLAR POWER LIMITED

ABREL SOLAR POWER LIMITED''s Annual General Meeting (AGM) was last held on 02 Aug 2024 and as per records from Ministry of Corporate Affairs (MCA), its balance sheet was last filed on 31 Mar 2024. ABREL SOLAR POWER LIMITED''s unique Corporate Identification Number (CIN) is U40106MH2021PLC366642 and its registration number is 366642. It is

Abrel Solar Power Limited

Abrel solar power limited was incorporated on 31 August 2021 . In which state has the company been incorporated? The company is based in Maharashtra. Is the Abrel solar power limited compliant? Yes the company is compliant based on the Active as represented by ROC.

ABREL SOLAR POWER LIMITED

ABREL SOLAR POWER LIMITED is a company registered in India on 31-08-2021 & Corporate Identification Number (CIN) is U40106MH2021PLC366642. ABREL SOLAR POWER LIMITED''s registered address is A-2, Aditya Birla Centre S.K. Ahire Marg, Worli NA Mumbai City Maharashtra 400030.

Rating Rationale

Detailed Rationale. CRISIL Ratings has reaffirmed its ''CRISIL AA/Stable'' rating on the long-term bank facilities of ABREL SPV2 Ltd (ABReL SPV2; part of the Aditya Birla Renewables [ABR] group).. The ABR group includes Aditya Birla Renewables Ltd (ABReL), its special-purpose vehicles (SPVs) —Aditya Birla Renewables SPV 1 Ltd (ABReL SPV1), Aditya

Rating Rationale

Detailed Rationale. CRISIL Ratings has reaffirmed its ''CRISIL AA/Stable'' rating on the long-term bank facilities of ABREL SPV2 Ltd (ABReL SPV2; part of the Aditya Birla Renewables [ABR] group).. The ABR group includes Aditya Birla Renewables Ltd (ABReL), its special-purpose vehicles (SPVs) —Aditya Birla Renewables SPV 1 Ltd (ABReL SPV1), Aditya Birla Subsidiary

Rating Rationale

Detailed Rationale. CRISIL Ratings has reaffirmed its ''CRISIL AA/Stable'' rating on the long-term bank facilities of ABREL Century Energy Limited (ACEL; part of the Aditya Birla Renewables [ABR] group).. The ABR group includes ABReL, its special-purpose vehicles (SPVs) —Aditya Birla Renewables SPV 1 Ltd (ABReL SPV1), Aditya Birla Subsidiary Ltd (ABRSL),

Rating Rationale

Analytical Approach. Based on its criteria for rating entities in homogenous groups, CRISIL Ratings has combined the business and financial risk profiles of ABReL; its SPVs—ABReL SPV1, ABReL SPV2, ABReL Energy, ABReL Solar, ABRSL, ABRUL, Waacox, ASPL, ACEL, AGEL and AOSL—and ABSL. These entities, collectively referred to as the ABR

Who owns AOSL solar power?

Incorporated on June 15, 2022, AOSL has operational 14.20 MWp solar capacity in Hirmimunda, Odisha. Additional capacity 9.20 MWp expected to become operational by December 31, 2023. ABReL holds 74% stake in AOSL, while 26% is held by UltraTech, the captive power procurer for the entire capacity.

Daily News Wrap-Up: Grasim Industries Acquires

Grasim Industries Limited, the textile arm of the Aditya Birla Group, has acquired equity shares of ABReL Solar Power Limited. The company received 13,000 equity shares, which equals a 26% stake at ₹10 (~$0.13) for a

About Abrel solar power

About Abrel solar power

As the photovoltaic (PV) industry continues to evolve, advancements in Abrel solar power have become critical to optimizing the utilization of renewable energy sources. From innovative battery technologies to intelligent energy management systems, these solutions are transforming the way we store and distribute solar-generated electricity.

When you're looking for the latest and most efficient Abrel solar power for your PV project, our website offers a comprehensive selection of cutting-edge products designed to meet your specific requirements. Whether you're a renewable energy developer, utility company, or commercial enterprise looking to reduce your carbon footprint, we have the solutions to help you harness the full potential of solar energy.

By interacting with our online customer service, you'll gain a deep understanding of the various Abrel solar power featured in our extensive catalog, such as high-efficiency storage batteries and intelligent energy management systems, and how they work together to provide a stable and reliable power supply for your PV projects.

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