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Entity-Specific Rating Rationales

27 Feb 2026

Adani Power Limited: Ratings reaffirmed; rated amount enhanced

Adani Power Limited: Ratings reaffirmed; rated amount enhanced

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03 Jul 2025

Adani Power Limited: Ratings reaffirmed and assigned for enhanced amount

Adani Power Limited: Ratings reaffirmed and assigned for enhanced amount

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31 Jan 2025

Adani Power Limited: Ratings assigned

Adani Power Limited: Ratings assigned

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Entity-Specific Credit Perspective Reports

25 Mar 2026

Adani Power Limited

Adani Power Limited (Non-SF)

24 Feb 2025

Adani Power Limited

Adani Power Limited (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Long-term – Fund-based – Others -- -- [ICRA]AA(Stable) --
Long-term – Fund-based – Term Loan -- -- [ICRA]AA(Stable) --
Short-term – Non-fund Based – Bank Guarantee [ICRA]A1+ -- -- --
NCD -- -- [ICRA]AA(Stable) --
NCD -- -- [ICRA]AA(Stable) --
bank facilities Withdrawn -- Withdrawn --

Our Analysts

Analyst 1

Rohit Shahu

Analyst 2

Asmita Pant

Sector Head

Girish kumar Kadam
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