Adani Total Gas 9M And Q3FY26 Results, PNG Household Increased To 10.5 Lakh Homes (Pic Credits: X)
Moody’s Ratings has revised the outlook for several Adani Group restricted entities, reaffirming their ratings and citing robust operational performance, fully amortizing debt, and ring-fenced project structures that shield them from ongoing legal proceedings. The outlook for Adani Green Energy Limited (AGEL) Restricted Group 1 and Restricted Group 2 has been upgraded to Ba1/Stable from Ba1/Negative.
AGEL RG1 includes Adani Green Energy (UP) Limited, Parampujya Solar Energy Private Limited, and Prayatna Developers Private Limited, while AGEL RG2 comprises Wardha Solar (Maharashtra) Private Limited, Kodangal Solar Parks Private Limited, and Adani Renewable Energy (Rj) Limited. Moody’s expects both restricted groups to maintain credit profiles consistent with their Ba1 ratings over the next 12–18 months. Their stability is underpinned by fully amortizing debt structures, strong operational performance, and ring-fenced projects, providing insulation from ongoing legal challenges.
Outlook Revision: Moody’s revised AESL RG1 (USPP) outlook to Baa3/Stable from Baa3/Negative, while affirming its rating.
Entities Covered: Includes Barmer Power Transmission Service Ltd, Raipur-Rajnandgaon-Warora Transmission Ltd, Sipat Transmission Ltd, Thar Power Transmission Service Ltd, Hadoti Power Transmission Service Ltd, and Chhattisgarh-WR Transmission Ltd.
Credit Expectation: AESL RG1 is expected to maintain a credit profile supportive of its current ratings over the next 12–18 months.
Key Strengths:
Stable operational and financial performance
Ring-fenced project structure
Fully amortizing debt with no external funding requirements
Outlook Revision: Moody’s revised AICTPL outlook to Baa3/Stable from Baa3/Negative, reaffirming its rating.
Key Strengths:
Strong operational track record
Strategic location at Mundra Port with significant container throughput contribution
Partnership with Terminal Investment Limited (TiL), the world’s largest container shipping company by fleet
Financial Stability:
Fully amortizing debt structure
Ring-fenced project framework
Financial reserves covering back-ended scheduled amortization
Protection Against Risks: These measures insulate AICTPL from ongoing legal proceedings and support stability over the next 2–3 years
(This News Has Been Syndicated From ANI, Mildly Edited For Clarity)
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Aishwarya is a journalism graduate with over three years of experience thriving in the buzzing corporate media world. She’s got a knack for decoding business news, tracking the twists and turns of the stock market, covering the masala of the entertainment world, and sometimes her stories come with just the right sprinkle of political commentary. She has worked with several organizations, interned at ZEE and gained professional skills at TV9 and News24, And now is learning and writing at NewsX, she’s no stranger to the newsroom hustle. Her storytelling style is fast-paced, creative, and perfectly tailored to connect with both the platform and its audience. Moto: Approaching every story from the reader’s point of view, backing up her insights with solid facts.
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