THDC India Limited Receives Long-Term Credit Rating Upgrade to AA+

THDC India Limited has received an upgrade to its long-term credit rating from "AA" to "AA+" with a stable outlook by ICRA Ltd., CARE Ltd., and India Rating. The agencies cited consistent revenue growth, improved profitability, and a stronger balance sheet. CMD Director (Finance) Sipan Kumar Garg attributed the upgrade to disciplined strategic execution and operational efficiency. The enhanced rating is expected to improve capital market access, reduce borrowing costs, and support future growth. THDCIL operates a diversified 3,657 MW portfolio including hydro, wind, solar, pumped storage, and thermal power projects.