India Ratings assigns ‘AA+’ rating to Adani Transmission’s Rs 1250 crore NCDs issue

Adani Energy Solutions Ltd. | Power Generation/Distribution | Power | BSE: 539254 | NSE: ADANIENSOL

08 Jun 2016 Evaluate

Credit rating agency, India Ratings & Research has assigned ‘AA+’ rating to Adani Transmission’s Rs 1250 crore Non-Convertible Debentures (NCDs) issue. These NCDs are part of the initially proposed Rs 7,000 crore long-term debt facilities which were assigned a ‘Provisional AA+’ rating with Stable Outlook.

Adani Transmission is engaged in providing establishing, commissioning, operating and maintaining electric power transmission systems in India. It offers operation and maintenance (O&M) support services. Adani Transmission operates as a subsidiary of Adani Enterprises.

Peers

Company Name	CMP
NTPC	326.60
Tata Power	367.00
Adani Power	202.20
Power Grid Corpn.	267.50
Adani Energy Solut.	1356.90
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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