Business Standard

Monday, December 23, 2024 | 05:50 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

CARE ratings sees higher counterparty risk from Telangana discoms

CARE Ratings has maintained a negative outlook for 13 solar generators that are selling electricity to financially-stressed distribution companies (discoms) in Telangana

Union Budget 2019: Discoms buying from gas units to now get subsidy
Premium

Abhijit Lele Mumbai
CARE Ratings has maintained a negative outlook for 13 solar generators that are selling electricity to financially-stressed distribution companies (discoms) in Telangana.

The aggregate installed capacity of generators that are being rated is 671 Mw. 

Of the total 14, CARE Ratings had downgraded the ratings of the borrowing programmes of four solar power generators that have installed capacity of 257 Mw.

The rating action reflects increased counterparty risk and weakening liquidity position of these generators owing to significant delays in the receipt of payments from these discoms.

Amod Khanorkar, senior director, CARE Ratings, said, solar power generators in Telangana have

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in