Adani Power Secures ICRA Ratings for Combined Debt Facilities
Adani Power Ltd has received ratings from ICRA Limited regarding its additional term loan facilities and non-fund based facilities. The rating agency has also reaffirmed the ratings assigned to the company's existing bank facilities and proposed Non-Convertible Debentures (NCDs).ICRA Limited assigned ICRA AA/Stable and ICRA A1+ credit ratings to these combined facilities.
The ratings affirmed and assigned to Adani Power Limited's facilities are detailed below:
| Facilities | Amount (Rs. Crore) | Rating | Rating Action |
|---|---|---|---|
| Long - term - Fund based - Term loan | 35223.7 | ICRA AA/Stable | Assigned / Reaffirmed |
| Long - term - Fund based - Term loan (Others) | 15050 | ICRA AA/Stable | Reaffirmed |
| Short - term - Non fund based - Bank guarantee | 7726.3 | ICRA A1+ | Assigned / Reaffirmed |
| NCDs | 11000 | ICRA AA/Stable | Reaffirmed |
| Total | 69000 |
The newly rated and reaffirmed facilities include a total value of Rs. 69000 Crore.
ADANIPOWER Stock Price Movement
Today, Adani Power Limited shares edged higher to close at ₹198.5, marking a substantial gain of 2.46% for the session. The stock achieved a significant milestone today, hitting its 52-week high while also posting a robust volume of 95.05 million shares.Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.