Credit rating agency, CARE has assigned ‘AAA’ rating to Power Grid’s Long-term Borrowing Programme for FY15 worth Rs 13,500 crore. The rating agency has also assigned ‘A1+’ rating to the company’s Short-term Borrowing Programme for FY15 worth Rs 5,800 crore.
The ratings assigned to the borrowing programme of Power Grid Corporation of India (PGCIL) derive strength from ownership and continued support of the Government of India (GoI), PGCIL’s pivotal role in the Indian power sector for developing and maintaining inter-state and inter-regional power transmission network and national grid management, low risk business having cost-plus-tariff structure for majority of the projects, high operating efficiency, consistent increase in the operating income and net profit, superior profitability margins and strong project execution skills.
PGCIL is India’s principal electric power transmission company. It owns and operates most of India’s interstate and inter-regional electric power transmission systems with inter-regional power transfer capacity of about 20,800 MW and wheels nearly 45% of total power generated across India.
Company Name | CMP |
---|---|
NTPC | 355.75 |
Tata Power | 436.75 |
Power Grid Corp | 292.60 |
Adani Power | 591.70 |
Torrent Power | 1489.95 |
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