Credit rating agency, CRISIL has reaffirmed ‘A+’ rating with stable outlook to TD Power Systems’ long-term bank facilities. The rating agency has also reaffirmed ‘A1+’ rating to short-term bank facilities of the company. The company has received the said rating reaffirmation on the back of its strong position in the low-capacity-generator (1 megawatt [MW] to 52 MW) market in India.
TD Power Systems is one of the leading manufacturers of AC Generators with output capacity in the range of 1MW to 52MW for prime movers such as steam turbines, gas turbines, hydro turbines, wind turbines, diesel and gas engines. It focuses on manufacturing custom-designed generators for its customers who are based across the world.
