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Entity-Specific Rating Rationales

08 Jan 2026

The Tata Power Company Limited: Rating withdrawn for non-convertible debenture (NCD) programme

The Tata Power Company Limited: Rating withdrawn for non-convertible debenture (NCD) programme

03 Jul 2025

The Tata Power Company Limited: Rating reaffirmed

The Tata Power Company Limited: Rating reaffirmed

04 Jul 2024

The Tata Power Company Limited: Rating upgraded to [ICRA]AA+ (Stable) and outlook revised to Stable; rated amount enhanced

The Tata Power Company Limited: Rating upgraded to [ICRA]AA+ (Stable) and outlook revised to Stable; rated amount enhanced

17 Oct 2023

The Tata Power Company Limited: Rating reaffirmed for outstanding NCDs; rating reaffirmed and withdrawn for matured NCDs; rating assigned to bank loan limit

The Tata Power Company Limited: Rating reaffirmed for outstanding NCDs; rating reaffirmed and withdrawn for matured NCDs; rating assigned to bank loan limit

30 Jun 2023

The Tata Power Company Limited: Rating reaffirmed and outlook revised to Positive; rating reaffirmed with change in outlook to Positive and withdrawn for matured NCDs

The Tata Power Company Limited: Rating reaffirmed and outlook revised to Positive; rating reaffirmed with change in outlook to Positive and withdrawn for matured NCDs

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Entity-Specific Credit Perspective Reports

31 Jul 2025

The Tata Power Company Limited

The Tata Power Company Limited (Non-SF)

31 Jul 2024

The Tata Power Company Limited

The Tata Power Company Limited (Non-SF)

01 Aug 2023

The Tata Power Company Limited

The Tata Power Company Limited (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Non-Convertible Debenture -- -- Withdrawn --
Term Loans -- -- [ICRA]AA+(Stable) --
Non-Convertible Debentures -- -- Withdrawn --
Commercial Paper * -- -- --

Our Analysts

Analyst 1

Saurabh Gupta

Analyst 2

Rachit Mehta

Sector Head

Girishkumar Kashiram Kadam
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