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Brickwork upgrades rating assigned to bank facilities of India Power Corporation

27 Jan 2015 Evaluate

Credit rating agency, Brickwork Ratings has assigned long term Credit Rating of AA- for India Power Corporation’s (IPCL) NCD programme of Rs 300 crore. The credit rating is a notch up from its last credit rating of A+. The upgrade in the rating implies consistent demonstration of robust business model the company has adopted.

India Power Corporation (formerly DPSC) is an integrated energy provider with present operations spread over various states of the country. The company has power distribution area of around 2200 sq. kms in West Bengal and Bihar and is presently distributing about 450 MVA of power in its command area to over 1.1 lakh consumers. The company also has wind mills having an aggregate capacity of over 95 MW.

Peers
Company Name CMP
NTPC 316.70
Tata Power 350.00
Adani Power 196.95
Power Grid Corpn. 254.65
Adani Energy Solut. 1325.50
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