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Hartek Power Private Limited, the flagship EPC business of Hartek Group, announced that Crisil Ratings, a subsidiary of S&P Global, has upgraded the company’s long-term credit rating to ‘Crisil A-/Stable’ from ‘Crisil BBB+/Stable’ and short-term rating to ‘Crisil A2+’ from ‘Crisil A2’.

The rating action reflects strengthening operating performance, improved profitability, healthy order visibility and a comfortable financial risk profile. It also enhances Hartek’s institutional capacity to participate in larger and more complex opportunities emerging across transmission infrastructure, substations, renewable integration and grid modernisation. The agency also highlighted the company’s diversified order book, prudent financial management and established execution track record in the power EPC sector.

Commenting on the development, Hartek Singh, CMD, Hartek Power, said, “The upgrade reflects the operating discipline, financial prudence and execution capabilities that Hartek has built over more than three decades in the power infrastructure sector. As investments in grid expansion, renewable integration and network modernisation accelerate, the ability to combine engineering expertise with financial strength and execution certainty will become increasingly important. The enhanced rating and banking limits strengthen our ability to participate in larger and more complex projects while maintaining the disciplined approach to capital allocation and balance sheet management that has defined our business.”

The rating action comes at a time when India’s electricity system is entering one of its largest investment cycles, driven by renewable energy integration, transmission expansion and rising electricity demand.

Having connected more than 10 GW of solar generation capacity to the national grid and delivered more than 400 EHV and HV substations up to 765 kV, Hartek’s execution experience is increasingly complemented by the financial capacity required to participate in larger infrastructure programmes.

Over a half of the order book is derived from private-sector customers, with projects spread across Gujarat, Haryana, Maharashtra, Rajasthan and Telangana. It strengthens the company’s standing with lenders, customers and institutional counterparties at a time when project scale, financial capacity and execution capability are becoming increasingly important differentiators within the power EPC sector.

Hartek Power Private Limited, the flagship EPC business of Hartek Group, announced that Crisil Ratings, a subsidiary of S&P Global, has upgraded the company’s long-term credit rating to ‘Crisil A-/Stable’ from ‘Crisil BBB+/Stable’ and short-term rating to ‘Crisil A2+’ from ‘Crisil A2’.

The rating action reflects strengthening operating performance, improved profitability, healthy order visibility and a comfortable financial risk profile. It also enhances Hartek’s institutional capacity to participate in larger and more complex opportunities emerging across transmission infrastructure, substations, renewable integration and grid modernisation. The agency also highlighted the company’s diversified order book, prudent financial management and established execution track record in the power EPC sector.

Commenting on the development, Hartek Singh, CMD, Hartek Power, said, “The upgrade reflects the operating discipline, financial prudence and execution capabilities that Hartek has built over more than three decades in the power infrastructure sector. As investments in grid expansion, renewable integration and network modernisation accelerate, the ability to combine engineering expertise with financial strength and execution certainty will become increasingly important. The enhanced rating and banking limits strengthen our ability to participate in larger and more complex projects while maintaining the disciplined approach to capital allocation and balance sheet management that has defined our business.”

The rating action comes at a time when India’s electricity system is entering one of its largest investment cycles, driven by renewable energy integration, transmission expansion and rising electricity demand.

Having connected more than 10 GW of solar generation capacity to the national grid and delivered more than 400 EHV and HV substations up to 765 kV, Hartek’s execution experience is increasingly complemented by the financial capacity required to participate in larger infrastructure programmes.

Over a half of the order book is derived from private-sector customers, with projects spread across Gujarat, Haryana, Maharashtra, Rajasthan and Telangana. It strengthens the company’s standing with lenders, customers and institutional counterparties at a time when project scale, financial capacity and execution capability are becoming increasingly important differentiators within the power EPC sector.

Hartek Power Private Limited, the flagship EPC business of Hartek Group, announced that Crisil Ratings, a subsidiary of S&P Global, has upgraded the company’s long-term credit rating to ‘Crisil A-/Stable’ from ‘Crisil BBB+/Stable’ and short-term rating to ‘Crisil A2+’ from ‘Crisil A2’.

The rating action reflects strengthening operating performance, improved profitability, healthy order visibility and a comfortable financial risk profile. It also enhances Hartek’s institutional capacity to participate in larger and more complex opportunities emerging across transmission infrastructure, substations, renewable integration and grid modernisation. The agency also highlighted the company’s diversified order book, prudent financial management and established execution track record in the power EPC sector.

Commenting on the development, Hartek Singh, CMD, Hartek Power, said, “The upgrade reflects the operating discipline, financial prudence and execution capabilities that Hartek has built over more than three decades in the power infrastructure sector. As investments in grid expansion, renewable integration and network modernisation accelerate, the ability to combine engineering expertise with financial strength and execution certainty will become increasingly important. The enhanced rating and banking limits strengthen our ability to participate in larger and more complex projects while maintaining the disciplined approach to capital allocation and balance sheet management that has defined our business.”

The rating action comes at a time when India’s electricity system is entering one of its largest investment cycles, driven by renewable energy integration, transmission expansion and rising electricity demand.

Having connected more than 10 GW of solar generation capacity to the national grid and delivered more than 400 EHV and HV substations up to 765 kV, Hartek’s execution experience is increasingly complemented by the financial capacity required to participate in larger infrastructure programmes.

Over a half of the order book is derived from private-sector customers, with projects spread across Gujarat, Haryana, Maharashtra, Rajasthan and Telangana. It strengthens the company’s standing with lenders, customers and institutional counterparties at a time when project scale, financial capacity and execution capability are becoming increasingly important differentiators within the power EPC sector.

Hartek Power Private Limited, the flagship EPC business of Hartek Group, today announced that Crisil Ratings, a subsidiary of S&P Global, has upgraded the company’s long-term credit rating to ‘Crisil A-/Stable’ from ‘Crisil BBB+/Stable’ and short-term rating to ‘Crisil A2+’ from ‘Crisil A2’.

The rating action reflects strengthening operating performance, improved profitability, healthy order visibility and a comfortable financial risk profile. It also enhances Hartek’s institutional capacity to participate in larger and more complex opportunities emerging across transmission infrastructure, substations, renewable integration and grid modernisation. The agency also highlighted the company’s diversified order book, prudent financial management and established execution track record in the power EPC sector.

Commenting on the development, Hartek Singh, CMD, Hartek Power, said, “The upgrade reflects the operating discipline, financial prudence and execution capabilities that Hartek has built over more than three decades in the power infrastructure sector. As investments in grid expansion, renewable integration and network modernisation accelerate, the ability to combine engineering expertise with financial strength and execution certainty will become increasingly important. The enhanced rating and banking limits strengthen our ability to participate in larger and more complex projects while maintaining the disciplined approach to capital allocation and balance sheet management that has defined our business.”

The rating action comes at a time when India’s electricity system is entering one of its largest investment cycles, driven by renewable energy integration, transmission expansion and rising electricity demand.

Having connected more than 10 GW of solar generation capacity to the national grid and delivered more than 400 EHV and HV substations up to 765 kV, Hartek’s execution experience is increasingly complemented by the financial capacity required to participate in larger infrastructure programmes.

Over a half of the order book is derived from private-sector customers, with projects spread across Gujarat, Haryana, Maharashtra, Rajasthan and Telangana. It strengthens the company’s standing with lenders, customers and institutional counterparties at a time when project scale, financial capacity and execution capability are becoming increasingly important differentiators within the power EPC sector.

EKA Mobility, an electric commercial vehicle manufacturer and Champion OEM under the Government of India’s Auto PLI Scheme, has inaugurated its first all range dealership in Kanpur, Uttar Pradesh, in partnership with Stellar Mobility.

Located in Bhauti, Chakarpur, the new dealership will offer EKA Mobility’s complete ‘Born Electric’ portfolio, covering electric three wheelers such as the EKA 6S, 3S and 3W Cargo, small commercial vehicles ranging from 1.5 tonne to 3.5 tonne, electric buses including the EKA 7M, 9M, 12M, Coach and Low Floor, as well as the EKA 55T heavy duty electric truck.

The dealership was inaugurated by Dr. Sudhir Mehta, Founder and Chairman, EKA Mobility, in the presence of Arihant Mehta, Group President, EKA Mobility, Rohit Shrivastava, Business Head and Chief Growth Officer, EKA Mobility; and Stellar Mobility representatives Jaspreet Singh and Ashish Jakhodia.

Designed as an integrated 3S facility covering sales, service and spares, the dealership will provide vehicle sales, after sales support and maintenance services. It will have trained technicians, dedicated workshops and access to EKA Mobility’s Al powered fleet management platform, EKA Connect, aimed at improving vehicle uptime and fleet operations for commercial customers in Kanpur.

Speaking at the inauguration, Dr. Sudhir Mehta said the dealership would help build an accessible retail and service ecosystem for commercial customers in Uttar Pradesh as demand for electric commercial vehicles increases.

EKA Mobility plans to expand its network to more than 200 dealerships across over 20 states by FY27, with the company aiming to support growing demand for electric commercial vehicles across major transport hubs in India.

Ashmit Bhatia, CEO, Stellar Mobility, said the partnership would bring EKA’s electric commercial vehicle portfolio to Kanpur’s business and logistics community while providing sales and after sales support to individual operators and fleet owners.

EKA Mobility offers a range of electric commercial vehicles spanning three wheelers, small commercial vehicles, buses and heavy duty trucks. The vehicles are designed, engineered and manufactured in India in line with the Government’s Atmanirbhar Bharat vision.

The company currently operates three manufacturing facilities, including its bus manufacturing plant at Koregaon Bhima and its truck and small commercial vehicle manufacturing facility at Chakan in Pune. EKA Mobility is also developing a new 47 acre manufacturing facility at Pithampur, which is expected to further strengthen its production capabilities.

Collectively, the manufacturing facilities are planned to support annual production capacity of 10,000 buses, 24,000 small commercial vehicles and 4,000 trucks.

EKA Mobility, an electric commercial vehicle manufacturer and Champion OEM under the Government of India’s Auto PLI Scheme, has inaugurated its first all range dealership in Kanpur, Uttar Pradesh, in partnership with Stellar Mobility.

Located in Bhauti, Chakarpur, the new dealership will offer EKA Mobility’s complete ‘Born Electric’ portfolio, covering electric three wheelers such as the EKA 6S, 3S and 3W Cargo, small commercial vehicles ranging from 1.5 tonne to 3.5 tonne, electric buses including the EKA 7M, 9M, 12M, Coach and Low Floor, as well as the EKA 55T heavy duty electric truck.

The dealership was inaugurated by Dr. Sudhir Mehta, Founder and Chairman, EKA Mobility, in the presence of Arihant Mehta, Group President, EKA Mobility, Rohit Shrivastava, Business Head and Chief Growth Officer, EKA Mobility; and Stellar Mobility representatives Jaspreet Singh and Ashish Jakhodia.

Designed as an integrated 3S facility covering sales, service and spares, the dealership will provide vehicle sales, after sales support and maintenance services. It will have trained technicians, dedicated workshops and access to EKA Mobility’s Al powered fleet management platform, EKA Connect, aimed at improving vehicle uptime and fleet operations for commercial customers in Kanpur.

Speaking at the inauguration, Dr. Sudhir Mehta said the dealership would help build an accessible retail and service ecosystem for commercial customers in Uttar Pradesh as demand for electric commercial vehicles increases.

EKA Mobility plans to expand its network to more than 200 dealerships across over 20 states by FY27, with the company aiming to support growing demand for electric commercial vehicles across major transport hubs in India.

Ashmit Bhatia, CEO, Stellar Mobility, said the partnership would bring EKA’s electric commercial vehicle portfolio to Kanpur’s business and logistics community while providing sales and after sales support to individual operators and fleet owners.

EKA Mobility offers a range of electric commercial vehicles spanning three wheelers, small commercial vehicles, buses and heavy duty trucks. The vehicles are designed, engineered and manufactured in India in line with the Government’s Atmanirbhar Bharat vision.

The company currently operates three manufacturing facilities, including its bus manufacturing plant at Koregaon Bhima and its truck and small commercial vehicle manufacturing facility at Chakan in Pune. EKA Mobility is also developing a new 47 acre manufacturing facility at Pithampur, which is expected to further strengthen its production capabilities.

Collectively, the manufacturing facilities are planned to support annual production capacity of 10,000 buses, 24,000 small commercial vehicles and 4,000 trucks.

EKA Mobility, an electric commercial vehicle manufacturer and Champion OEM under the Government of India’s Auto PLI Scheme, has inaugurated its first all range dealership in Kanpur, Uttar Pradesh, in partnership with Stellar Mobility.

Located in Bhauti, Chakarpur, the new dealership will offer EKA Mobility’s complete ‘Born Electric’ portfolio, covering electric three wheelers such as the EKA 6S, 3S and 3W Cargo, small commercial vehicles ranging from 1.5 tonne to 3.5 tonne, electric buses including the EKA 7M, 9M, 12M, Coach and Low Floor, as well as the EKA 55T heavy duty electric truck.

The dealership was inaugurated by Dr. Sudhir Mehta, Founder and Chairman, EKA Mobility, in the presence of Arihant Mehta, Group President, EKA Mobility, Rohit Shrivastava, Business Head and Chief Growth Officer, EKA Mobility; and Stellar Mobility representatives Jaspreet Singh and Ashish Jakhodia.

Designed as an integrated 3S facility covering sales, service and spares, the dealership will provide vehicle sales, after sales support and maintenance services. It will have trained technicians, dedicated workshops and access to EKA Mobility’s Al powered fleet management platform, EKA Connect, aimed at improving vehicle uptime and fleet operations for commercial customers in Kanpur.

Speaking at the inauguration, Dr. Sudhir Mehta said the dealership would help build an accessible retail and service ecosystem for commercial customers in Uttar Pradesh as demand for electric commercial vehicles increases.

EKA Mobility plans to expand its network to more than 200 dealerships across over 20 states by FY27, with the company aiming to support growing demand for electric commercial vehicles across major transport hubs in India.

Ashmit Bhatia, CEO, Stellar Mobility, said the partnership would bring EKA’s electric commercial vehicle portfolio to Kanpur’s business and logistics community while providing sales and after sales support to individual operators and fleet owners.

EKA Mobility offers a range of electric commercial vehicles spanning three wheelers, small commercial vehicles, buses and heavy duty trucks. The vehicles are designed, engineered and manufactured in India in line with the Government’s Atmanirbhar Bharat vision.

The company currently operates three manufacturing facilities, including its bus manufacturing plant at Koregaon Bhima and its truck and small commercial vehicle manufacturing facility at Chakan in Pune. EKA Mobility is also developing a new 47 acre manufacturing facility at Pithampur, which is expected to further strengthen its production capabilities.

Collectively, the manufacturing facilities are planned to support annual production capacity of 10,000 buses, 24,000 small commercial vehicles and 4,000 trucks.

EKA Mobility, an electric commercial vehicle manufacturer and Champion OEM under the Government of India’s Auto PLI Scheme, has inaugurated its first all range dealership in Kanpur, Uttar Pradesh, in partnership with Stellar Mobility.

Located in Bhauti, Chakarpur, the new dealership will offer EKA Mobility’s complete ‘Born Electric’ portfolio, covering electric three wheelers such as the EKA 6S, 3S and 3W Cargo, small commercial vehicles ranging from 1.5 tonne to 3.5 tonne, electric buses including the EKA 7M, 9M, 12M, Coach and Low Floor, as well as the EKA 55T heavy duty electric truck.

The dealership was inaugurated by Dr. Sudhir Mehta, Founder and Chairman, EKA Mobility, in the presence of Arihant Mehta, Group President, EKA Mobility, Rohit Shrivastava, Business Head and Chief Growth Officer, EKA Mobility; and Stellar Mobility representatives Jaspreet Singh and Ashish Jakhodia.

Designed as an integrated 3S facility covering sales, service and spares, the dealership will provide vehicle sales, after sales support and maintenance services. It will have trained technicians, dedicated workshops and access to EKA Mobility’s Al powered fleet management platform, EKA Connect, aimed at improving vehicle uptime and fleet operations for commercial customers in Kanpur.

Speaking at the inauguration, Dr. Sudhir Mehta said the dealership would help build an accessible retail and service ecosystem for commercial customers in Uttar Pradesh as demand for electric commercial vehicles increases.

EKA Mobility plans to expand its network to more than 200 dealerships across over 20 states by FY27, with the company aiming to support growing demand for electric commercial vehicles across major transport hubs in India.

Ashmit Bhatia, CEO, Stellar Mobility, said the partnership would bring EKA’s electric commercial vehicle portfolio to Kanpur’s business and logistics community while providing sales and after sales support to individual operators and fleet owners.

EKA Mobility offers a range of electric commercial vehicles spanning three wheelers, small commercial vehicles, buses and heavy duty trucks. The vehicles are designed, engineered and manufactured in India in line with the Government’s Atmanirbhar Bharat vision.

The company currently operates three manufacturing facilities, including its bus manufacturing plant at Koregaon Bhima and its truck and small commercial vehicle manufacturing facility at Chakan in Pune. EKA Mobility is also developing a new 47 acre manufacturing facility at Pithampur, which is expected to further strengthen its production capabilities.

Collectively, the manufacturing facilities are planned to support annual production capacity of 10,000 buses, 24,000 small commercial vehicles and 4,000 trucks.

EKA Mobility, an electric commercial vehicle manufacturer and Champion OEM under the Government of India’s Auto PLI Scheme, has inaugurated its first all range dealership in Kanpur, Uttar Pradesh, in partnership with Stellar Mobility.

Located in Bhauti, Chakarpur, the new dealership will offer EKA Mobility’s complete ‘Born Electric’ portfolio, covering electric three wheelers such as the EKA 6S, 3S and 3W Cargo, small commercial vehicles ranging from 1.5 tonne to 3.5 tonne, electric buses including the EKA 7M, 9M, 12M, Coach and Low Floor, as well as the EKA 55T heavy duty electric truck.

The dealership was inaugurated by Dr. Sudhir Mehta, Founder and Chairman, EKA Mobility, in the presence of Arihant Mehta, Group President, EKA Mobility, Rohit Shrivastava, Business Head and Chief Growth Officer, EKA Mobility; and Stellar Mobility representatives Jaspreet Singh and Ashish Jakhodia.

Designed as an integrated 3S facility covering sales, service and spares, the dealership will provide vehicle sales, after sales support and maintenance services. It will have trained technicians, dedicated workshops and access to EKA Mobility’s Al powered fleet management platform, EKA Connect, aimed at improving vehicle uptime and fleet operations for commercial customers in Kanpur.

Speaking at the inauguration, Dr. Sudhir Mehta said the dealership would help build an accessible retail and service ecosystem for commercial customers in Uttar Pradesh as demand for electric commercial vehicles increases.

EKA Mobility plans to expand its network to more than 200 dealerships across over 20 states by FY27, with the company aiming to support growing demand for electric commercial vehicles across major transport hubs in India.

Ashmit Bhatia, CEO, Stellar Mobility, said the partnership would bring EKA’s electric commercial vehicle portfolio to Kanpur’s business and logistics community while providing sales and after sales support to individual operators and fleet owners.

EKA Mobility offers a range of electric commercial vehicles spanning three wheelers, small commercial vehicles, buses and heavy duty trucks. The vehicles are designed, engineered and manufactured in India in line with the Government’s Atmanirbhar Bharat vision.

The company currently operates three manufacturing facilities, including its bus manufacturing plant at Koregaon Bhima and its truck and small commercial vehicle manufacturing facility at Chakan in Pune. EKA Mobility is also developing a new 47 acre manufacturing facility at Pithampur, which is expected to further strengthen its production capabilities.

Collectively, the manufacturing facilities are planned to support annual production capacity of 10,000 buses, 24,000 small commercial vehicles and 4,000 trucks.