The output of core sectors had increased by 7.2% in February and 4.8% in the year-ago month. The previous low was 0.7% in October 2022. New Delhi : The output of eight infrastructure sectors registered a growth of 3.6% in March 2023, its slowest pace since October, showed government data released on Friday, April 28. […]
Ind-Ra maintains ‘neutral’ outlook for power sector; says demand growth to bounce back to normal in FY23 – EQ Mag Pro
India Ratings and Research (Ind-Ra) has maintained a ‘neutral’ outlook for the power sector for FY23 and expects the demand growth to come back to a normal level of 6 to 7 per cent in the next fiscal year. ”India Ratings and Research (Ind-Ra) has maintained a neutral outlook for the power sector for FY23, […]
India Ratings Revises Outlook on Rajkot (Gujarat) Solar’s Bank loans to Stable; Affirms ‘IND BBB+’
India Ratings and Research (Ind-Ra) has taken the following rating actions on Rajkot (Gujarat) Solar Energy Private Limited (RGSEPL) bank loans: Instrument Type Date of Issuance Coupon Rate (%) Maturity Date Size of Issue (million) Rating/Outlook Rating Action Term loan – – 31 March 2036 INR2,218 (INR2,119.2 outstanding) IND BBB+/Stable Affirmed; Outlook revised to Stable from […]
Energy demand improvement slows down in Nov: India Ratings
This was due to the early onset of winters impacting demand from the northern region Mumbai: The all-India energy demand increased year-on-year for the third consecutive month in November after declining over March to August although the improvement slowed down to 3.7 per cent to 97.9 billion units, India Ratings and Research (Ind-Ra) said on […]
In SECI and NTPC PPAs, Discom Profile is Integral for Counterparty Analysis
India Ratings and Research (Fitch Group): In SECI and NTPC PPAs, Discom Profile is Integral for Counterparty Analysis India, 29 July 2019: India Ratings and Research (Fitch Group) believes the analysis of counterparty profiles of distribution companies (discoms) has gained prominence in revenue risk analysis. The latest power purchase agreements (PPAs) of Solar Energy Corporation […]
India Ratings and Research (Fitch Group): Enforcing Payment Security Mechanism – A Bold Move, Challenging To Implement, Benefits Uncertain
India: India Ratings and Research believes the Ministry of Power’s (MOP) order for implementing the letter of credit (LC) payment security mechanism could improve the predictability of cash flows for generating companies in the long term; in the short term, however, there are several implementation challenges. Distribution companies (discoms) would have to create LC for […]
India Ratings and Research (Fitch Group) Power Watch July 2019
Power Demand Surges due to Extended Summer; Spot Prices Remain Stable as Supply from All Sectors Improves Mumbai: India Ratings and Research (Fitch Group) has published the July 2019 edition of its credit news digest on India’s power sector. The report highlights the trends in the power sector, with a focus on capacity addition, generation, […]
India Ratings and Research (Fitch Group): Enforcing Payment Security Mechanism – A Bold Move, Challenging To Implement, Benefits Uncertain
India: India Ratings and Research believes the Ministry of Power’s (MOP) order notified on 28 June 2019 for implementing the letter of credit (LC) payment security mechanism could improve the predictability of cash flows for generating companies in the long term; in the short term, however, there are several implementation challenges. Distribution companies (discoms) would […]
Jain Irrigations tanks 22% on rating downgrade, hits 14-year low
The rating agency said the downgrade reflects deterioration in the liquidity profile of JISL on account of a delay in the realisation of its receivables from its micro-irrigation systems (MIS) segment Shares of Jain Irrigation Systems (JISL) tanked 22 per cent to Rs 21.25 on the National Stock Exchange (NSE) on Wednesday after rating agency […]
India Ratings and Research (Fitch Group): Pooled Structures and InvITs to Boost Market Access for Developers
Mumbai: Nuanced structures in pooling of assets such as obligor/co-obligor or Infrastructure Investment Trust (InvIT) would propel refinancing of the infrastructure assets, says India Ratings and Research (Ind-Ra). In FY19, Ind-Ra rated issuers opted for pooled structures, including InvIT and raised INR70.63 billion, up 32% yoy. The agency expects about INR210 billion (INR100 billion in […]