ICRA upgrades Adani Power to AA, outlook Stable
Adani Power (ADANIPOWER) said ICRA has upgraded its credit rating to AA with a stable outlook. The company is valued at about ₹3.94 lakh crore.
What happened
In a filing with the BSE on 10 November 2026 at 04:38 PM, Adani Power (ADANIPOWER) said that ICRA has upgraded its credit rating to AA with a stable outlook.
From the filing: "The ratings also factor in an increase in capacity tie-ups under long-term and medium-term Power Purchase Agreements, various competitive advantages, and a diversified counterparty profile."
Company snapshot
Adani Power is a large-cap company in the Power sector, with a market value of about ₹3.94 lakh crore.
The stock last traded at ₹204.4, against a 52-week range of ₹128.1–₹254.2 (19.6% below the high).
Before this filing the shares had moved +8.7% over the month and −2.2% over three months. Average daily turnover over the last 20 sessions was about ₹357 crore.
Promoters held 74.96% at the end of Q2 FY27; 1.81% of promoter shares were pledged. Foreign institutions owned 11.03% and domestic institutions 4.47%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q2 FY26 | 13,457 | 2,952.8 | 1.53 |
| Q3 FY26 | 12,451 | 2,479.6 | 1.29 |
| Q4 FY26 | 14,223 | 4,017.1 | 2.08 |
| Q1 FY27 | 18,902 | 4,805.7 | 2.49 |
| Q2 FY27 | 19,439 | 6,919.5 | 3.59 |
What history shows
BCEIE's records show 2 previous credit rating filings from the company since May 2026.
After those filings, the stock gained 2.6% on average the next trading day and was up 3.3% on average after five days (2 filings with price data).
Across 57 similar disclosures by other Power companies, shares moved −0.2% on average the next day and −0.7% over five days; 40% of them rose the next day.
Market-wide, 1,441 credit rating filings with an impact score of 50 or more saw an average next-day move of +0.1%, with 47% rising.
Past reactions describe what happened before; they are not a forecast.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 1 Sept 2026 | Credit rating | +4.9% | +5.3% |
| 18 Aug 2026 | Credit rating | +0.2% | +1.4% |
What to watch
- Whether other agencies take a similar view on the company's credit.
In the news
Recent coverage elsewhere (links open the original publisher):
- India’s BHEL Wins $3 Billion Adani Power Orders, Shares Jump
- BHEL Bags Four Adani Power Projects Worth Up to ₹28,000 Crore
- BHEL Share Price Jumps 5% on securing ₹28,000 crore Orders from Adani Power
- Diwali Stock Picks 2026: Adani Power, MCX, Azad Engineering, HUL, Paytm among 41 stocks for Muhurat...
- BHEL bags projects worth up to ₹28,000 cr from Adani Power
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.