Shares of Torrent Power may remain in focus, as Crisil has upgraded its rating on the non-convertible debentures and long-term bank facilities of the company to Crisil AA/Stable from Crisil AA-/Stable and reaffirmed its rating on the short-term bank facilities and commercial paper at Crisil A1+. The upgrade factors in the PPA adoption by Gujarat Electricity Regulatory Commission by the Unosugen 278-MW plant with TPL’s distribution business, which would help it cover the fixed charges.
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.