S&P Upgrades Adani Ports, Electricity on Cash Flow Optimism

24 Jan 2024 CW Team

S&P Global has upgraded the credit ratings of Adani Ports and Adani Electricity, citing a positive outlook on cash flow. The credit rating agency expressed confidence in the financial strength of both entities, driven by expectations of improved cash flow performance.

The upgrade comes as a result of S&P's assessment of Adani Ports and Adani Electricity's ability to generate robust cash flows, indicating resilience and financial stability. The optimistic outlook is attributed to various factors, including efficient operational management and strategic initiatives implemented by both Adani entities.

Adani Ports, a major player in the ports and logistics sector, has been recognized for its strong operational performance and strategic positioning in the industry. Similarly, Adani Electricity's credit rating received a boost, reflecting confidence in the company's ability to navigate challenges and maintain a healthy cash flow profile.

The upgraded credit ratings are expected to enhance the credibility of Adani Ports and Adani Electricity in financial markets, potentially facilitating better access to capital for future growth initiatives. This positive evaluation by S&P Global reflects the ongoing success and financial health of the Adani Group's ventures in the ports and electricity sectors. Investors and industry observers are likely to closely monitor the implications of these upgraded credit ratings on the business outlook and expansion prospects for Adani Ports and Adani Electricity.

Real Estate

17 Sep 2025

Indian REITs Offer 6-7.5 per cent Yield, Surpassing Many Global Markets

Indian Real Estate Investment Trusts (REITs) are delivering average yields of 6–7.5 per cent for unitholders, outperforming many mature markets, including the US, according to a report by Credai and Anarock.Credai, the apex body of Indian real estate developers, and property consultant Anarock released the report Indian REITs – A Gateway to Institutional Real Estate at an event in India.Currently, India has five listed REITs – Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, Nexus Select Trust, and Knowledge Realty Trust. Nexus Select Trust pr..

Insolation Energy Wins 226 MW Solar Projects Under PM-KUSUM

Insolation Energy on Monday announced securing multiple solar projects totalling 226.45 MW, with an investment of Rs 7.5 billion, under the PM-KUSUM scheme. The orders were awarded to its wholly-owned subsidiary, Insolation Green Energy Pvt Ltd, by Jaipur Vidyut Vitran Nigam Limited for 20 sites and Ajmer Vidyut Vitran Nigam Limited for 115 sites, the company informed the exchanges.“The combined SPV solar power plants will total 226.45 MW under PM-KUSUM Component A, with the final levelised tariff at Rs 3.04 per unit for 16 sites, Rs 2.82 per unit for 5 sites, Rs 2.75 per unit for 53 sites, ..

Numaligarh Refinery Awards EPC Contract for Rooftop Solar Projects

State-owned Numaligarh Refinery Ltd. (NRL) has awarded a Letter of Award to Solarium Green Energy Ltd. for the rate contract covering the Engineering, Procurement, and Construction (EPC) of grid-connected rooftop solar PV projects at various locations. The projects fall within the categories of 51–200 kW and 201–1000 kW. Notable projects include a 140 kW rooftop solar plant at NRL Assam, a 760 kW plant at NRL Assam, and a 280 kW plant at NRL West Bengal.The supply order covers ex-manufacturing works and the dispatch price for plant and equipment for the 140 kW, 760 kW, and 280 kW rooftop s..