Tata Power Delhi Distribution (TPDDL) has been accredited with ‘SP 1A’ by ICRA, one of India’s leading rating agencies. The acknowledgement has been credited to TPDDL’s for its commitment towards ‘Highest Performance Capability’ and ‘Highest Financial Strength’ to undertake solar projects. The grading is valid for a period of two years from March 2, 2015.
While providing the rating, the credit agency considered several strengths of TPDDL like financial flexibility and strengths arising from its status as a 51% subsidiary of Tata Power, strengths arising out of an experienced team of technocrats and investment / finance professionals, feedback from the customers and suppliers that has been satisfactory, healthy net worth and strong financial profile, demonstrated execution capability by successfully commissioning 1.65MW of solar power plants, etc.
TPDDL is also getting empanelled with Ministry of New & Renewable Energy (MNRE) as channel partner for implementation of grid connected rooftop systems across the country. TPDDL has also recently obtained approval from the Delhi Electricity Regulatory Commission for facilitating solar project implementation for consumers in Delhi.
| Company Name | CMP |
|---|---|
| NTPC | 402.20 |
| Tata Power | 436.00 |
| Adani Power | 225.15 |
| Power Grid Corp | 313.90 |
| Torrent Power | 1724.80 |
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