Mumbai (Maharashtra) [India], February 26: Hazoor Multi Projects Limited (HMPL) has announced that CRISIL Ratings Limited has assigned credit ratings to the bank facilities of its material subsidiary, Hazoor Infra Projects Limited, in connection with the company's Hybrid Annuity Model (HAM) infrastructure project. The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015.
CRISIL has assigned a long-term rating of “BBB+/Stable” to bank facilities totaling ₹476 crore, indicating an adequate degree of safety regarding timely servicing of financial obligations. In addition, the agency has assigned a short-term rating of “A2,” reflecting a satisfactory level of certainty in meeting short-term debt commitments. The ratings reflect the subsidiary's operational profile, financial position, and project execution capabilities within India's infrastructure sector.
The detailed rating rationale was released by CRISIL on February 24, 2026, and is available on the agency's official platform. The rating action is expected to enhance stakeholder confidence, support funding flexibility, and strengthen the company's credibility with lenders and investors as it continues to expand its infrastructure portfolio.
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