PTC India receives updated ICRA credit ratings, affirming financial health

PTC India Limited announced on September 18, 2025, that it has received updated credit ratings from ICRA Ratings. The company's Issuer Rating has been assigned [ICRA]AA (Stable). Additionally, the short term-non fund based-others instrument, amounting to INR 3,500.00 crore, and the short term-fund based-cash credit instrument, amounting to INR 2,000.00 crore, both received a reaffirmed rating of [ICRA]A1+. The commercial paper instrument, valued at INR 300.00 crore, also received a reaffirmed rating of [ICRA]A1+.

The total rated amount for fund based limits stands at INR 2,000.00 crore, with various banks contributing, including Canara Bank (INR 300.00 crore) and ICICI Bank Limited (INR 500.00 crore). Non-fund based facilities total INR 3,500.00 crore, with significant contributions from ICICI Bank Limited (INR 550.00 crore) and IDBI Bank Limited (INR 550.00 crore).

The ratings are effective as of September 16, 2025, and are subject to surveillance within one year from the communication date. The company's website, www.ptcindia.com, will host the latest ratings.