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The Tata Power Company Limited - Rating outlook revised to Positive , Ratings Reaffirmed

The Tata Power Company Limited - Rating outlook revised to Positive , Ratings Reaffirmed
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Crisil Ratings upgrades outlook on Tata Power to positive

Crisil Ratings upgrades outlook on Tata Power to positive
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tata power: Crisil Ratings upgrades outlook on Tata Power to positive

The revision in outlook reflects the possibility of better-than-expected business risk profile, if the improvement in operating profitability in fiscal 2024, across power generation and distribution business, sustains along with a continuing healthy financial performance with consolidated net leverage (ratio of net debt to EBIDTA) remaining within rating threshold, it said.

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Electricity Demand, Shortage Hit Record

Electricity Demand, Shortage Hit Record
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Deadline for Adani Power s Rs 7,000 Crore Acquisition of DB Power Assets Expires

The acquisition of DB Power by Adani Power was expected to expand Adani Power's operations in the thermal power sector in Chhattisgarh.

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