H.G. Infra Engineering Limited (HGINFRA) announced an update on its credit rating. ICRA Limited has assigned an '[ICRA]AA-(Positive)' rating to the company's Long-term Fund-based Cash Credit facility of ₹700 crore and its Non-Convertible Debentures of ₹400 crore. Additionally, the '[ICRA]AA-(Positive)/[ICRA]A1+' rating has been maintained for the Long-term/Short-term Non-fund based Bank Guarantee facility of ₹3,800 crore. These ratings were assigned or maintained following recent developments, including search operations by CBI & ACB across company premises on January 21, 2026, and judicial custody of four employees on bribery allegations. The total rated amount stands at ₹4,900 crore.
