FilingReader Intelligence
PowerGrid rating upgraded following India sovereign boost
August 18, 2025 at 04:59 PM UTC•By FilingReader AI
Power Grid Corporation of India Limited announced an upgrade in its credit ratings to 'BBB' from 'BBB-' by S&P Global Ratings, with a stable outlook. This uplift reflects India's recent sovereign rating upgrade, with PowerGrid's standalone credit profile maintained at 'bbb+'.
Concurrently, PowerGrid's wholly-owned subsidiary successfully commissioned the Khavda Pooling Station-3 project, which achieved commercial operation on August 4, 2025.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
BSE:POWERGRID•Bombay Stock Exchange
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