Credit rating agency, India Ratings & Research has assigned Adani Transmission’s Rs 1,000 crore Non-Convertible Debentures (NCDs) a final Long-term ‘AA+’ rating with stable outlook. 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.