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E2E Networks secures credit rating upgrades from ICRA, alongside a Rs. 1,000 crore contract
13-Nov-26 17:32Hrs IST

E2E Networks Ltd announced credit rating enhancements and upgrades from ICRA Limited, which upgraded the ratings on its Long term – Fund -based – Term Loans of Rs. 450.00 and Long term – Fund -based – Term Loans (Proposed) of Rs. 550.00 from [ICRA]A- (Stable) to [ICRA] A (Positive), revising the outlook to Positive from Stable; ICRA also upgraded the ratings on its Fund -based – Term Loans of Rs. 450.00 and Fund -based – Term Loans (Proposed) of Rs. 550.00 from A- (Stable) to A (Positive), with the outlook revised to Positive from Stable, alongside affirming ratings of [ICRA] A (Positive) for Term loan of Rs. 915.00 maturing November 13, 2026, and [ICRA]A (Stable) and A (Positive) for Proposed Limits of Rs. 85.00 maturing November 27, 2025, and FY2029 respectively, while the company possesses a Contract worth Rs. 1,000 crore secured until June 2029, a Data Centre Capacity of 12.8 MW representing an 88% increase over existing capacity and a total capacity of 27.4 MW, a Debt of Rs. 1,500 crore with a proposal to raise funds through a Qualified Institutional Placement (QIP) or other routes, and has received Board approval for a fund raise of Rs. 1,500 crore, alongside a strategic partnership with L&T holding a 16.5% stake as of September 2026, with GPU Capacity being a key monitorable for sustaining credit metrics and earnings profile.

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