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.
| Company Name | CMP |
|---|---|
| NTPC | 360.15 |
| Tata Power | 397.50 |
| Power Grid Corp | 292.05 |
| Adani Power | 229.95 |
| Torrent Power | 1447.30 |
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