Crisil upgrades Adani Power’s bank loan facilities to AA/Stable New Delhi, Feb 7 (SocialNews.XYZ) Crisil Ratings has upgraded its rating on the long-term bank facilities of Adani Power Ltd (APL) to 'Crisil AA/Stable' from 'Crisil AA-/Positive'. The global credit rating agency has also assigned its 'Crisil AA/Stable' rating to Rs 11,000 crore proposed non-convertible debentures (NCDs) of Adani Power. The upgrade in rating reflects "Crisil Ratings' expectation of strengthening in APL’s overall credit risk profile with strong improvement in the business parameters on account of increase in proportion of tied-up capacities as well as fuel linkages", it said in a 'Rating Rationale' note.

Crisil upgrades Adani Power's bank loan facilities to AA/Stable #Crisil #AdaniPowers #AAStable #socialnewsxyz

Adani Power’s stock has upside potential of 54.5 pc in next 24 months: Ventura New Delhi, Jan 24 (SocialNews.XYZ) Enhanced coal availability and business expansion are fuelling the growth of Adani Power Ltd, according to brokerage firm Ventura, which has given its stock a target price of Rs 806 in the next 24 months, which is a upside potential of 54.5 per cent. The power demand in India is surging, driven by rising manufacturing activities and the growing adoption of white goods and gadgets in households.

Adani Power's stock has upside potential of 54.5 pc in next 24 months: Ventura #AdaniPowers #Ventura #socialnewsxyz