Rishikesh, January 13, 2026: THDC India Limited has recently seen its credit rating rise, marking a milestone in the company’s financial performance. Credit agencies M/s ICRA Ltd., M/s CARE Ltd., and M/s India Rating have elevated THDC’s long-term rating from “AA” to “AA+” and maintained a stable outlook. This upgrade is attributed to the company’s consistent growth in revenue, enhanced profitability, and a more robust financial standing.
Shri Sipan Kumar Garg, CMD & Director (Finance) of THDC India Limited, expressed his gratitude towards the efforts of the THDCIL team and emphasized that this upgrade is a testament to the company’s robust financial management and strategic discipline. He highlighted that this acknowledgment from external bodies underscores THDCIL’s commitment to operational excellence and financial resilience.
The new “AA+” rating promises to bolster THDCIL’s position in the capital markets, possibly lowering the costs associated with borrowing and boosting investor trust. This improvement not only augments the company’s financial health but also broadens its capacity to engage in and finance future strategic ventures.
THDC India Limited plays a pivotal role in the power sector as a Public Sector Undertaking (PSU) and has a diverse operational spectrum that includes 3,657 MW capacity across hydro, wind, solar, pumped storage, and thermal power projects. Notably, it operates India’s inaugural variable speed pumped storage plant, enhancing its portfolio. With a solid asset foundation, stable cash inflows, and careful fiscal planning, THDCIL is poised to continue its contribution to national energy security and the broader energy transition of India.
