CARE withdraws rating of Adani Power Ltd

CARE Ratings Limited, which had rated some of the standalone credit facilities of Adani Power Limited ("the Company") has withdrawn the said rating at the Company's request. Prior to the withdrawal, CARE Ratings also reviewed the assigned ratings and upgraded them from "CARE BBB-; CARE A3 (Rating watch with positive implications)" to "CARE BBB+/Stable; CARE A2".

The Company presently has rating of "Ind A/Positive; Ind A1" from India Ratings and "CRISIL A/Stable" from CRISIL Ratings.

Shares of Adani Power Limited was last trading in BSE at Rs. 192.15 as compared to the previous close of Rs. 190.05. The total number of shares traded during the day was 1088033 in over 14127 trades.

The stock hit an intraday high of Rs. 197.00 and intraday low of 187.30. The net turnover during the day was Rs. 209413543.00.

Source : Equity Bulls

Keywords

AdaniPower INE814H01011 RatingUpdate Withdrawn