HPL Electric & Power Limited Receives Credit Rating Upgrade from CRISIL Ratings
HPL Electric & Power Limited has received a rating upgrade on its long-term bank loan facilities from CRISIL Ratings Limited. The upgrade boosts the rating from 'Crisil A/Stable' to 'Crisil A+/Stable', while the short-term rating was reaffirmed.The rating action covers the company's total bank loan facilities, which stand at Rs. 1614 Crore.
According to the rating assessment, the detailed rating action is as follows:
| Metric | Rating Action | Details |
|---|---|---|
| Total Bank Loan Facilities Rated | Rs. 1614 Crore | |
| Long Term Rating | Crisil A+/Stable | Upgraded from 'Crisil A/Stable' |
| Short Term Rating | Crisil A1 | Reaffirmed |
The upgrade pertains specifically to the long-term bank loan facilities, placing the company's debt profile at a stronger rating level. Concurrently, the short-term rating was reaffirmed at 'Crisil A1'.
HPL Stock Price Movement
Shares of HPL Electric & Power Limited are edging higher to ₹340.5 as of 12:55 PM today, reflecting a 0.53% gain in live trading. The stock is seeing active participation on 144,434 shares traded, maintaining a day range between ₹338.2 and ₹348.Source:
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