For its ₹1,000 crore External Commercial Borrowing (ECB), NLC India Limited has been given the best possible credit rating by Acuité Ratings & Research Limited: ACUITE AAA with a Stable outlook.
The company has reported that the ECB facility has been awarded the AAA rating with a stable outlook in its regulatory filing under Regulation 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company’s ₹950 crore term loan has also been reconfirmed with the ACUITE AAA | Stable grade by the rating agency.
Reflecting NLC India’s solid financial profile and operational capability, the AAA grade signifies the highest level of creditworthiness and a strong ability to fulfil financial obligations.
The declaration has been sent to the National Stock Exchange of India and BSE Limited, two major stock exchanges in India, according to NLC India. This is for record keeping and informational purposes.
Lignite mining, electricity generating, and the development of renewable energy sources are the activities of NLC India Limited, a Navratna public sector organization. The corporation, which has its headquarters in Chennai, is an important player in India’s power producing capacity and runs large energy projects all around the country.
