NTPC Ltd.

Credit rating agency, CRISIL has assigned its ‘AAA’ rating to NTPC’s issue of Rs 3000 crore non-convertible debentures (NCD), while reaffirming its ratings on the other bank facilities, debt and fixed deposit programmes at ‘AAA/FAAA/CRISIL A1+’.

The company has received the said rating on the back of its dominant position in India’s regulated power generation sector, strong business and financial risk profiles, and strategic importance to the Government of India (GoI), which holds a 75 per cent equity stake in the company.

NTPC is India’s largest power generation company with around 18 per cent of the country’s installed power generation capacity as on March 31, 2013; the company accounts for more than 25 per cent of the power generated in India.