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.
