Adani Power Limited — Credit Ratings, 04-07-2025: Credit Rating

Adani Power Limited’s credit ratings have been reaffirmed and assigned by ICRA Limited, with long-term facilities rated at [ICRA] AA (Stable) and short-term facilities at A1+. The reaffirmation and assignment cover enhanced amounts totaling Rs. 57,000 Cr across term loans, working capital, bank guarantees, and proposed non-convertible debentures. The stable outlook reflects Adani Power’s diversified generation portfolio, strong cash flow visibility backed by long-term power purchase agreements, and healthy operating efficiencies. Improvement in earnings and comfortable credit metrics supported by planned capacity additions over the next five years underpin the rating. This rating stability is likely to sustain investor confidence and provide the company with favorable borrowing costs and strategic financial flexibility.