Beta Wind Farm's credit outlook boosted to positive by CRISIL

CRISIL Ratings Limited has re-affirmed the rating of Beta Wind Farm Private Limited's (BWFPL) bank facilities at 'CRISIL BBB-' while revising the outlook from 'Stable' to 'Positive'. This upgrade, effective September 6, 2025, reflects the expected improvement in the company's credit risk profile due to increasing operational performance and enhanced machine availability in Andhra Pradesh. A sustained healthy Plant Load Factor (PLF) is anticipated to lead to further rating upgrades.

The total bank loan facilities rated amount to INR 617.79 crore. Specifically, two rupee term loans from the Indian Renewable Energy Development Agency Limited, totaling INR 187.00 crore and INR 430.79 crore, both received the 'CRISIL BBB-/Positive' rating. The outlook revision follows an improvement in PLF performance from April to August 2025 and a commitment from parent Orient Green Power Company Ltd (OGPL) to maintain a INR 15 crore liquidity buffer at the group level to meet BWFPL’s debt obligations.

Beta Wind Farm's strong revenue visibility, backed by power purchase agreements and a stable receivables profile, further supports the improved outlook. CRISIL's analysis highlights robust collections from Gujarat Urja Vikas Nigam Ltd, Mangalore Electricity Supply Company Ltd, and group captive customers, typically within 15 days of invoice.