Ind-Ra affirms Torrent Power's commercial paper at 'IND A1+'

Torrent Power is an integrated power utility and is one of the largest private sector players in India.

Jun 18, 2021 03:06 IST India Infoline News Service

Torrent Power
India Ratings and Research (Ind-Ra) has affirmed Torrent Power Limited’s (TPL) commercial paper (CP) at IND A1+.

Rationale reports states that TPL’s rating factors in its strong business profile through its presence across generation, transmission and distribution (T&D) businesses, thus reflecting an integrated model.

TPL is an integrated power utility and is one of the largest private sector players in India having interests in power generation, transmission, distribution and the manufacturing and supply of power cables.
 
At around 3:16 PM, Torrent Power was trading at Rs455.80 apiece down by Rs1.7 or 0.37% from its previous closing of Rs457.50 apiece on the BSE.

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