Adani Power Secures CARE AA+ Upgrade Across INR 90,500 Crore Rated Facilities

Adani Power Limited has received a significant credit rating upgrade from CARE Ratings for its bank facilities and debt instruments, reflecting its strong financial performance, operational stability and improved credit profile.

In a regulatory disclosure dated August 18, 2026, submitted to BSE Limited and the National Stock Exchange of India Limited, the company said CARE Ratings upgraded its long-term bank facilities worth ₹52,950 crore from CARE AA; Stable to CARE AA+; Stable. The rated facility limit was also increased from the earlier ₹42,950 crore.

For combined long-term and short-term bank facilities worth ₹15,050 crore, CARE Ratings upgraded the long-term rating to CARE AA+; Stable from CARE AA; Stable, while reaffirming the short-term rating at CARE A1+.

The rating agency also upgraded Adani Power’s existing Non-Convertible Debentures worth ₹11,000 crore to CARE AA+; Stable from CARE AA; Stable. In addition, CARE Ratings assigned a fresh CARE AA+; Stable rating to newly rated NCDs worth ₹11,500 crore. Together, the four categories represent rated facilities and instruments totaling ₹90,500 crore.

CARE Ratings attributed the upgrade to Adani Power’s sustained financial and operational performance and its strong market position supported by a diversified portfolio. The company’s long-term and medium-term Power Purchase Agreements were also highlighted for providing revenue visibility.

Other factors supporting the upgrade include improved fuel security, strong and consistent cash-flow generation, a strengthened capital structure and a comfortable liquidity position.

The disclosure was signed by Dilip Kumar Jha, Chief Financial Officer of Adani Power. The company said the relevant information has also been made available on its official website for investors and other stakeholders.