7 months ago
THDC India Limited Upgraded to AA+ Rating
THDC India Limited, a big company that makes electricity, just got a better credit rating.
This means they are doing well financially.
Three different groups that check on companies' money situations gave them a higher score, from AA to AA+.
This is good news because it means the company can borrow money more easily and at lower costs.
They have lots of different kinds of power plants, like ones that use water, wind, and sun.
The company's boss said this rating upgrade shows they are doing a good job managing their money and growing.
It also helps them plan for future projects.
THDC India Limited's credit rating upgraded to AA+ from AA by ICRA, CARE, and India Rating.
Upgrade reflects consistent revenue growth, improved profitability, and a stronger balance sheet.
Enhanced rating expected to strengthen access to capital markets and reduce borrowing costs.
THDCIL has a diversified operational portfolio of 3,657 MW across various energy sources.
Company's first variable speed pumped storage plant is a notable achievement.
- Who
- THDC India Limited
- What
- Credit rating upgrade to AA+
- Where
- India
- When
- Not specified
- Why
- Consistent revenue growth, improved profitability, stronger balance sheet
Key facts
- Company
- THDC India Limited
- Rating Agencies
- ICRA Ltd., CARE Ltd., India Rating
- Previous Rating
- AA
- New Rating
- AA+
- Outlook
- Stable
- Operational Portfolio
- 3,657 MW
- Energy Sources
- Hydro, Wind, Solar, Pumped Storage, Thermal
Quotes
Sipan Kumar Garg
CMD & Director (Finance) of THDC India Limited
“The credit rating upgrade reflects the Company’s strengthening financial progress and disciplined strategic execution.”
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