Adani Power Limited (APL) has received confirmation of its strong credit profile. ICRA Ratings has reaffirmed the ICRA AA; Stable rating on existing bank facilities and assigned an ICRA AA; Stable rating to newly announced term loan facilities. A total rated amount of ₹69,000 Crore is covered, reflecting APL’s market leadership, strong efficiency, and robust balance sheet as of February 28, 2026.
Credit Rating Updates for Adani Power
In a significant disclosure dated February 28, 2026, Adani Power Limited (APL) announced updates concerning its credit ratings following review by ICRA Ratings. The update confirms APL’s sound financial health and strong operational footing.
Details of Rated Facilities
The rating agency has assigned an ICRA AA; Stable credit rating specifically to additional term loan facilities secured by APL. Furthermore, the existing bank facilities and the proposed Non-Convertible Debentures (NCDs) have had their existing ratings reaffirmed.
The total combined rated facilities now stand at ₹69,000 Crore. The detailed breakdown of the facilities and their corresponding rating actions is summarized below:
Rating Summary Table
| Facilities | Amount (Rs. Crore) | Rating | Rating Action |
| Bank Loan Facilities | 46,000 | ICRA AA/Stable/ICRA A1+ | Reaffirmed |
| Bank Loan Facilities | 12,000 | ICRA AA/Stable/ICRA A1+ | Assigned |
| Proposed NCDs | 11,000 | ICRA AA/Stable | Reaffirmed |
| Total | 69,000 |
Factors Supporting the Rating
The favorable rating outcome reflects several core strengths inherent to Adani Power Limited. These strengths include APL’s established market leadership position, a highly diversified asset and customer profile, and strong revenue visibility driven by extensive capacity tie-ups. The rating affirmation also recognizes the company’s healthy operating efficiency, strong competitive advantages, robust project execution capabilities, and an overall strong balance sheet.
This information has been disseminated to both the BSE Limited and the National Stock Exchange of India Limited for public record.
Source: BSE
