Torrent Power Limited — Credit Ratings, 24-02-2026: Credit Rating

Torrent Power's credit ratings by CRISIL Ratings have been reaffirmed. Long-term instruments, including proposed NCDs of ₹2000 Cr and existing NCDs/bank loans of ₹3140 Cr, retain 'CRISIL AA+/Stable'. Short-term bank facilities and commercial paper are reaffirmed at 'CRISIL A1+'. The Stable outlook reflects strong profitability, healthy financials, and stable cash flow from regulated and renewable businesses.