India, Sept. 9 -- Orient Green Power Company Ltd said around 75% of its consolidated debt has now been assigned an ICRA BBB (Stable) rating, strengthening the company's credit profile and supporting its growth plans.
ICRA upgraded the rating of subsidiary Beta Wind Farm Pvt Ltd's Rs 458.63 crore existing loan facility to BBB (Stable), from CRISIL's BBB- (Positive) rating. The proposed 6.6 MW wind expansion has also received the same rating.
For Delta Renewable Energy Pvt Ltd, ICRA assigned BBB (Stable) ratings to its existing Rs 21 crore loan and proposed Rs 64 crore facility. The company has commissioned 7 MW of solar capacity and is developing an additional 18 MW.
The ratings reflect long-term PPA-backed revenue visibility, established...