Oriana Power Limited has announced that CRISIL Limited has reaffirmed its existing credit ratings while assigning a new rating to the company’s proposed Non-Convertible Debentures (NCDs). The company shared this information with the National Stock Exchange (NSE) on June 24, 2026, in compliance with SEBI regulations.
According to the official disclosure, CRISIL reviewed Oriana Power’s bank loan facilities and increased the total rated amount from Rs. 600 crore to Rs. 800 crore. The company’s long-term bank facilities continue to carry a “CRISIL A-/Stable” rating, while its short-term facilities have retained the “CRISIL A2+” rating. The reaffirmation reflects the company’s stable financial position and its ability to meet its financial commitments.
CRISIL has also assigned a “CRISIL A-/Stable” rating to Oriana Power’s proposed Rs. 200 crore Non-Convertible Debentures. This rating indicates that the debt instrument has an adequate degree of safety regarding the timely payment of financial obligations and carries a low level of credit risk.
The Rs. 800 crore bank facilities are supported by a diversified network of leading financial institutions. These include ICICI Bank, HDFC Bank, Axis Bank, Kotak Mahindra Bank, Federal Bank, Indian Bank, and YES Bank. The funding consists of both fund-based and non-fund-based credit facilities. Among the major allocations are a Rs. 130 crore non-fund-based limit from HDFC Bank and a Rs. 80 crore non-fund-based limit from ICICI Bank. The company has also included a proposed Rs. 200 crore fund-based bank limit as part of the enhanced credit structure.
Oriana Power’s management stated that the reaffirmed ratings reflect the company’s continued focus on maintaining strong operational performance and disciplined financial management. The rating letters issued by CRISIL were addressed to the company’s Managing Director, Rupal Gupta, on June 23, 2026. The ratings will remain valid until March 31, 2027, and will continue to be monitored under CRISIL’s surveillance process.
The stock exchange filing was signed by Company Secretary and Compliance Officer Tanvi Singh. Oriana Power has also made the complete rating letters and related annexures available on its official website to ensure transparency for investors and stakeholders.
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