CRISIL assigns BBB+/stable rating to Hazoor Infra Projects

Hazoor Multi Projects’ subsidiary, Hazoor Infra Projects Limited, has received a BBB+/Stable long-term rating and A2 short-term rating from CRISIL for Rs 476 crore bank facilities under its Hybrid Annuity Model (HAM) project. The announcement, made to BSE on February 25, 2026, aligns with SEBI regulations and highlights the subsidiary’s strong credit profile.

Hazoor Multi Projects Limited announced that CRISIL Ratings has assigned a BBB+/Stable long-term rating and an A2 short-term rating to its subsidiary, Hazoor Infra Projects Limited, covering bank facilities of Rs 476 crore. These ratings pertain to the subsidiary’s Hybrid Annuity Model (HAM) infrastructure project.

The company informed the BSE on February 25, 2026, as part of its regulatory compliance obligations under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Credit Rating Details:

Long-term Bank Facilities: Rs 476 crore – CRISIL BBB+/Stable (Assigned)

Short-term Bank Facilities: Operational requirements – CRISIL A2 (Assigned)

The ratings reflect the subsidiary’s creditworthiness and operational stability under the HAM project. The detailed rating rationale was released by CRISIL on February 24, 2026, and is accessible on the official CRISIL Ratings website.

Radheshyam Laxmanrao Mopalwar, Managing Director of Hazoor Multi Projects Limited, affirmed the company’s commitment to transparency and regulatory compliance in all subsidiary operations.