As GQG Partners invested $1.9 billion in several of the Adani group enterprises, Crisil confirmed ratings for the group’s renewable energy projects. According to a statement from the rating agency, the grade is determined by factors such as the assets’ acceptable operating performance, sufficient liquidity, and brief debtor duration. The grade also considers the $1.9 billion fund that the group’s holding firms helped US global equity investor GQG Partners build. Adani Green Energy, Adani Transmission, Adani Enterprises, Adani Ports & Special Economic Zone, and Adani Group have received investments from GQG Partners as of March 2. The company has wind-generating facilities in Madhya Pradesh and solar projects in Rajasthan, Andhra Pradesh, and Karnataka.

In addition, numerous Adani group firms got more than Rs 5,000 crore in the last month under their already approved loans. The grade is determined by factors including the assets’ excellent operational performance, sufficient liquidity, and short debtor periods.

The rating agency stated that it will continue to keep an eye on the group’s progress. Events like any unfavorable regulatory or governmental action, issues with corporate governance, or a persistent deterioration of the group’s ability to raise money from banks and capital markets would need to be constantly monitored.