Adani Power Limited (APL) has received positive credit rating action from Crisil Ratings. The agency has reaffirmed the existing Crisil AA/Stable rating on APL’s bank facilities and reaffirmed the rating on proposed Non-Convertible Debentures (NCDs). Furthermore, a new assignment of Crisil AA/Stable rating has been granted to additional term loan facilities totaling ₹12,000 crore. The total rated exposure now stands at ₹69,000 crore, reflecting a robust credit profile.
Credit Rating Update for Adani Power
Adani Power Limited (APL) has announced significant updates regarding its credit ratings as of March 31, 2026. This disclosure confirms favorable ratings assigned by Crisil Ratings across its debt instruments and banking arrangements.
Details of Rated Facilities
The total value of facilities covered under the rating action amounts to ₹69,000 Crore. The breakdown of these facilities and the associated rating actions are as follows:
- Bank Loan Facilities: ₹46,000 Crore (Rating: Crisil AA/Stable, Action: Reaffirmed)
- Bank Loan Facilities (Additional): ₹12,000 Crore (Rating: Crisil AA/Stable, Action: Assigned)
- Proposed Non-Convertible Debentures (NCDs): ₹11,000 Crore (Rating: Crisil AA/Stable, Action: Reaffirmed)
Rationale for Favorable Rating
The current rating outcome reflects APL’s fundamentally strong position in the market. The rating agency cited APL’s robust credit risk profile, supported by its large and diversified portfolio. Key strengths noted include a healthy business risk profile characterized by a high degree of both capacity and fuel tie-ups, which ensures operational stability and predictability.
Forward Look
APL confirms that this information has been made publicly available on the company’s official website. The consistent rating of Crisil AA/Stable across existing and new facilities underscores lender confidence in the company’s operational resilience and financial management.
Source: BSE
