THDC India Limited Secures Credit Rating Upgrade to “AA+”

In a significant recognition of financial strength and sustained growth, THDC India Limited received an upgrade to its credit rating from M/s ICRA Ltd., M/s CARE Ltd., and M/s India Rating. The rating agencies upgraded the company’s long-term credit rating from “AA” to “AA+” with stable Outlook, citing consistent revenue growth, improved profitability, and a stronger balance sheet.

Shri Sipan Kumar Garg, CMD & Director (Finance), THDC India Limited congratulated the entire THDCIL team and stated that the credit rating upgrade reflects the Company’s strengthening financial progress and disciplined strategic execution. He noted that the enhanced rating serves as an external validation of THDCIL’s sustained focus on operational efficiency, long-term financial stability, and maintenance of a robust capital structure.

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The improved credit rating is expected to further strengthen THDCIL’s access to capital markets, potentially reduce borrowing costs, and enhance investor confidence. It also reinforces the company’s financial capacity to pursue future growth opportunities and strategic initiatives.

THDC India Limited is one of the leading Power Sector PSU, with a diversified operational portfolio of 3,657 MW, encompassing Hydro, Wind, Solar, Pumped Storage and Thermal Power projects.

The Company’s portfolio includes India’s first variable speed pumped storage plant. Backed by a strong asset base, stable cash flows, and prudent financial management, THDCIL continues to strengthen its role in India’s energy security while supporting the nation’s evolving energy transition.