NLC India Secures AAA Credit Rating for ₹1,000 Crore External Commercial Borrowing

NLC India Limited secured an "ACUITE AAA" credit rating with a "Stable" outlook from Acuite Ratings for its ₹1,000 crore External Commercial Borrowing. This rating indicates strong financial stability and low credit risk for the company's borrowing activities, which are likely to support its various infrastructure projects.

Counterparts (2)

borrower

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NLC India Limited

company

NLC India Limited is a Navratna public sector undertaking under the Ministry of Coal, Government of India, engaged in lignite and coal mining, and thermal power generation. The company operates over 6 GW of power generation capacity, including a growing portfolio of solar and wind energy projects, primarily across India.

Lender

Acuite Ratings

company

Mumbai-based Acuite Ratings & Research Limited is a credit rating agency promoted by SIDBI, providing credit ratings and research across various sectors, including infrastructure, in India. Founded in 2005, it employs 201-500 people.