TD Power Systems Ltd Receives Credit Rating Upgrade on Bank Facilities from CRISIL Ratings
TD Power Systems Ltd has seen its credit ratings for bank facilities revised and upgraded by CRISIL Ratings, according to updates released regarding the company's financing structure. The ratings provide insight into the likelihood of timely payment obligations under the rated instruments.The upgrades pertain to a total of Rs. 488 Crore in Bank Loan Facilities. TD Power Systems Ltd received these ratings from CRISIL Ratings on June 22, 2026.
Key rating revisions include:
- Long Term Rating: The company's Long Term Rating was upgraded and now stands at AA-/Stable, an increase from the previous status of 'Crisil A+/Positive'.
- Short Term Rating: The Short Term Rating was also upgraded to A1+, having been previously rated as 'Crisil A1'.
The ratings cover various facilities provided by multiple banks. Details of these outstanding bank loan facilities are presented below:
| Bank Facility | Total Amount (Rs. in Crore) | Outstanding Rating |
|---|---|---|
| Bank Guarantee (Bank of Baroda) | 162.35 | Crisil A1+ |
| Bank Guarantee (HDFC Bank Limited) | 90 | Crisil A1+ |
| Fund-Based Facilities (HDFC Bank Limited) | 45 | Crisil AA-/Stable |
| Fund-Based Facilities (Kotak Mahindra Bank Limited) | 5 | Crisil AA-/Stable |
| Fund-Based Facilities (Bank of Baroda) | 25 | Crisil AA-/Stable |
| Letter of Credit (Kotak Mahindra Bank Limited) | 55 | Crisil A1+ |
| Letter of Credit (HDFC Bank Limited) | 70 | Crisil A1+ |
| Letter of Credit (Bank of Baroda) | 35 | Crisil A1+ |
| Proposed Long Term Bank Loan Facility | 0.65 | Crisil AA-/Stable |
The facilities are spread across several financial institutions, including Bank of Baroda, HDFC Bank Limited, and Kotak Mahindra Bank Limited.
TDPOWERSYS Stock Price Movement
Shares of TD Power Systems Limited rally strongly in live trading, climbing to ₹1361.80 as of 2:43 PM and gaining 2.66% after pushing past the previous close of ₹1326.50. The stock's ascent highlights impressive momentum, with volume exceeding 1.25 million shares as it continues a robust push toward its annual highs.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.
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