According to reports from Business Standard, rating agency Crisil has upgraded Vedanta Power's guaranteed long-term bank facilities to CRISIL AA+ (CE)/Stable from CRISIL AA (CE). The company announced this development on Tuesday, highlighting that the post-demerger structure provides greater strategic focus and enhanced financial flexibility across its businesses.
As reported by Business Standard, Crisil has reaffirmed Vedanta Power's standalone long-term rating at CRISIL AA-/Stable and short-term rating at CRISIL A1+. A CRISIL AA+ (CE) rating indicates the financial instrument has a high degree of safety regarding timely payment of interest and principal, reflecting the company's strengthened credit profile.
According to the company's statement reported by Business Standard, the rating upgrade follows the successful completion of the Vedanta Group's demerger and reflects Vedanta Power's strengthened credit profile, diversified thermal power portfolio, healthy liquidity position and strategic importance. Crisil also recognised the company's operating performance, long-term Power Purchase Agreements (PPAs), secure fuel supply arrangements and continued financial flexibility.
As reported by Business Standard, Vedanta Power operates a diversified portfolio comprising the Vedanta Power Talwandi Sabo Thermal Plant (1,980 MW) in Punjab, Vedanta Power Jharsuguda Thermal Plant (600 MW) in Odisha, Vedanta Power Meenakshi Energy Ltd (1,000 MW) in Andhra Pradesh and the Vedanta Power Sakti Thermal Plant (600 MW) in Chhattisgarh. The company's generation portfolio is expected to strengthen further with the commissioning of an additional 600 MW unit at the Vedanta Power Sakti Thermal Plant during the current fiscal.
According to ICICI Securities research report dated July 31, 2026, the brokerage has initiated coverage on Vedanta Aluminium Metal (VAML) with a 'Buy' rating and target price of ₹520, implying over 19% upside. The company reported in-line EBITDA of ₹102 billion, up 135% YoY/23% QoQ, driven by improved volume and realisation. ICICI Securities expects 9% volume CAGR over FY26–28E driven by BALCO's expansion while maintaining conservative cost rationalisations. The brokerage values the stock at 7x FY28E EV/EBITDA with the company positioned to tap into a supportive aluminium cycle with majority capex now behind and key projects nearing completion.
