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.