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Torrent Power gets AA rating from CRISIL for NCD Programme

16 Aug 2012 Evaluate

Torrent Power has been assigned credit rating of AA/ Stable from credit rating agency CRISIL for its Non-Convertible Debenture (NCD) Programme worth Rs 550 crore. The rating agency has also reaffirmed AA/ stable rating to long term bank facilities of the company while, reaffirmed A1+ rating to the company’s short term bank facilities.

Torrent Power (TPL) is engaged in generation, transmission and distribution of power. The company generates 400 MW from its coal-based thermal power station located at Sabarmati.

Peers
Company Name CMP
NTPC 317.00
Tata Power 345.00
Adani Power 196.60
Power Grid Corpn. 253.40
Adani Energy Solut. 1320.00
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