7 months ago

THDC India Limited Upgraded to AA+ Rating

THDC India Limited Upgraded to AA+ Rating
THDC India Limited Secures Credit Rating Upgrade to “AA+” · thestatesman.com

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.

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.”
freepressjournal.in

Sources

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