Adani Power Limited (APL) has received a significant credit rating update from CARE Edge Ratings. The rating agency has assigned a CARE AA; Stable rating to APL's additional term loan facilities amounting to ₹12,000 crore.

Furthermore, CARE Edge Ratings has reaffirmed the existing CARE AA; Stable rating for APL's bank loan facilities and proposed Non-Convertible Debentures (NCDs). The total value of rated facilities, including existing and newly assigned ones, aggregates to ₹69,000 crore. Specifically, bank loan facilities worth ₹46,000 crore have been reaffirmed, while an additional ₹12,000 crore in bank loan facilities has been assigned the same rating. Proposed NCDs totaling ₹11,000 crore also saw their CARE AA; Stable rating reaffirmed.

The credit rating agency cited several factors supporting these ratings, including APL's strong revenue visibility stemming from a high degree of tie-ups for its operational capacity. The company's stable operating performance, robust balance sheet, diverse set of offtakers, and recent tie-ups for upcoming capacity were also highlighted as key strengths.

This information is available on the company's website, www.adanipower.com.