Credit rating agency, CARE has revised rating of Indiabulls Power’s long term bank facilities worth Rs 7,692.14 crore to ‘BBB-’ from ‘BBB’. The rating agency has assigned ‘A3’ rating to the company’s short term bank facilities worth Rs 265 crore.
The revision in rating takes into account continued delays in project implementation post deferment in Commercial Operation Date (COD) in 2013 for Phase-I of Amravati Power Project (APP-I) and Nashik Power Project (NPP-I) being implemented in IPL and its wholly-owned subsidiary Indiabulls Realtech Ltd (IRL) respectively; and low Plant Load Factor (PLF) of the two commissioned units of APP-I leading to lower than envisaged cash accruals.
Indiabulls Power was established to capitalize on emerging opportunities in the Indian power sector. It develops and intends to operate and maintain power projects in India.
| Company Name | CMP |
|---|---|
| NTPC | 393.65 |
| Tata Power | 427.45 |
| Adani Power | 198.40 |
| Power Grid Corp | 318.05 |
| Torrent Power | 1565.30 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: