Credit rating agency, CRISIL has reaffirmed the credit rating at ‘AA’ on the debt programme and bank facilities of Torrent Power, with revision in rating outlook to ‘Negative’ from ‘Stable’. The rating on the company’s short-term bank facilities and debt programme has also been reaffirmed at ‘ A1+’.
Torrent Power is engaged in generation, transmission and distribution of power. The company generates 400 MW from its coal-based thermal power station located at Sabarmati.