Adani Power Ltd announced that ICRA Limited has upgraded the Long Term ratings of the company to [ICRA] AA+ (Stable) from [ICRA] AA (Stable) and reaffirmed the short-term rating of [ICRA] A1+ for the enhanced Term Loan, Working Capital, and Non-Convertible Debenture facilities; the upgrades and reaffirmations pertain to the following instruments: Long-term Fund-based – Term loan amounting to Rs 44,961.70 crore, Long-term – Fund based working capital of Rs 15,050.00 crore, Short term – Non Fund based - Bank Guarantee of Rs 7,988.30 crore, Non-Convertible Debentures of Rs 7,500.00 crore, Proposed Non-Convertible Debentures of Rs 3,500.00 crore, and Proposed Non-Convertible Debentures of Rs 11,500.00 crore, with the total combined rated facilities amounting to Rs 90,500.00 crore; the rating actions reflect the company’s operational robustness and financial strength, alongside expected capacity additions and increased capacity tie-ups under Power Purchase Agreements, and no other rating agencies were mentioned in the disclosure.