New Delhi: THDC India Limited has secured an upgrade in its long-term credit rating from “AA” to “AA+” with a stable outlook from rating agencies ICRA, CARE and India Ratings, reflecting its improved financial performance and balance sheet strength.
The upgrade was driven by consistent revenue growth, enhanced profitability and prudent financial management, which have strengthened the company’s overall credit profile. The improved rating is expected to enhance THDCIL’s access to capital markets, lower borrowing costs and boost investor confidence.
THDC India Limited, a leading power sector PSU, operates a diversified portfolio of 3,657 MW across hydro, wind, solar, pumped storage and thermal power projects, including India’s first variable speed pumped storage plant, reinforcing its role in India’s energy security and clean energy transition.
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