NSECredit Rating9 Sept 2026 · 9 Sept 2026, 10:12 am
Credit Rating
Orient Green Power Company Limited · GREENPOWER
✦ AI SummaryRating Change
Orient Green Power Company Limited's subsidiaries, Beta Wind Farm Private Limited and Delta Renewable Energy Private Limited, have been assigned a credit rating of ICRA BBB (Stable) by ICRA Limited for their debt facilities.
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Growth Catalyst0/10
Governance Concern0/10
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Full Announcement
Orient Green Power Company Limited has informed the Exchange about Credit Rating
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GREENPOWER_09092026101153_SEIntimationbeta_and_Delta.pdf
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September 09, 2026
The BSE Limited The National Stock Exchange
Corporate Relations Department, of India Limited
P.J. Towers, Dalal Street, Department of Corporate Services,
Mumbai-400 001. Exchange Plaza, 5th Floor, Bandra-Kurla
Scrip Code: 533263 Complex, Mumbai-400051.
Scrip Code: GREENPOWER
Respected Sir/Ma’am,
Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 – Credit Rating
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (“SEBI Listing Regulations”), we would like to inform you that the ICRA
Limited (“ICRA”) has assigned the rating of ICRA BBB (Stable) in respect of the company’s
subsidiaries M/s. Beta Wind Farm Private Limited (“BETA”, Material Subsidiary Company) and
Delta Renewable Energy Private Limited (“DELTA”, Subsidiary Company) debt facilities. The
ratings assigned are considered to have moderate degree of safety regarding timely servicing of
financial obligations. The details are as follows
Subsidiary Facility Bank Rs. Crores Rating
Long Term Fund Indian Renewable Energy
BETA 458.63
Based Term Loan Development Agency Limited
Long Term Fund ICRA
BETA Proposed Limits 51.37
Based Proposed Limits BBB
Long Term Fund (Stable),
DELTA HDFC Bank Limited 21.00
Based Term Loan Assigned
Long Term
DELTA Unallocated Limits 64.00
Unallocated Limits
Please take note of the above information for your records.
Thanking you,
Yours faithfully,
For Orient Green Power Company Limited
G. Srinivasa Ramanujan
Company Secretary & Compliance Officer
ICRA/BETA WIND FARM PRIVATE LIMITED/08092026/1
Date: September 08, 2026
Ms. J Kotteswari
BETA WIND FARM PRIVATE LIMITED
Bascon Futura SV, 4th Floor, No. 10/1, Venkatanarayana Road,
T.Nagar, Chennai - 600017, Tamil Nadu
Dear Madam,
Re: ICRA’s Credit Rating for below mentioned Instruments of BETA WIND FARM PRIVATE LIMITED
As per the Rating Agreement/Statement of Work executed with ICRA Limited, ICRA’s Rating Committee has taken the following rating
actions for the mentioned instruments of your company.
Rated Amount
Instrument Rating Action1 Financial Sector Regulator#
(Rs. crore)
Long-term fund-based term
458.63 [ICRA]BBB (Stable); Assigned RBI
loan
Long-term fund-based RBI
51.37 [ICRA]BBB (Stable); Assigned
proposed limits
Total 510.00
#SEBI’s grievance redressal/dispute resolution and SEBI investor protection mechanisms such as SCORES and ODR shall not be available for activities and
instruments which fall under the regulatory purview of Financial Sector Regulators other than SEBI.
The aforesaid rating will become due for surveillance within one year from the date of rating communication letter. However, ICRA
reserves the right to review and/or, revise the above rating at any time based on new information becoming available, or the required
information not being available, or other circumstances that ICRA believes could have an impact on the rating. Therefore, request
the lenders and investors to visit ICRA website at www.icra.in for latest rating of the company.
The rating is specific to the terms and conditions of the instruments as indicated to us by you, and any change in the terms or size of
the same would require a review of the rating by us. In case there is any change in the terms and conditions or the size of the rated
instrument, the same must be brought to our notice before the instrument is used by you. In the event such changes occur after the
rating have been assigned by us and their use has been confirmed by you, the rating would be subject to our review, following which
there could be a change in the rating previously assigned. Notwithstanding the foregoing, any change in the over-all limit of the
instrument from that specified in this letter, would constitute an enhancement that would not be covered by or under the said Rating
Agreement.
The rating assigned must be understood solely as an opinion and should not be treated, or cause to be treated, as recommendation
to buy, sell, or hold the rated instrument availed/issued by your company.
You are also requested to forthwith inform us about any default or delay in repayment of interest or principal amount of the
instrument rated, as above, or any other debt instruments/ borrowing and keep us informed of any other developments which may
have a direct or indirect impact on the debt servicing capability of the company including any proposal for re-schedulement or
postponement of the repayment programmes of the dues/ debts of the company with any lender/ investor, or occurrence of any
significant development that could impact the ability of the company to raise funds such as restriction imposed by any authority from
raising funds through issuance of debt securities through electronic bidding system. Further, you are requested to inform us
immediately as and when the borrowing limit for the instrument rated, as above, or as prescribed by the regulatory authority(ies) is
exceeded.
1 Complete definitions of the ratings assigned are available at www.icra.in.
ICRA Limited
Registered Office: B-710, Statesman House, 148, Barakhamba Road, New Delhi 110001. Tel. +91-11-23357940-41
Building No. 8, 2nd floor, Tower A, DLF Cyber City, Phase II, Gurugram-122002
www.icra.in info@icraindia.com +91-93547-38909
+0124-4545300 CIN: L74999DL1991PLC042749
We look forward to your communication and assure you of our best services.
With kind regards,
Yours sincerely,
For ICRA Limited
Digitally signed
ANKIT
by ANKIT JAIN
Date:
2026.09.08
JAIN
12:21:25
+05'30'
Ankit Jain
Vice President - Analytical
ankit.jain@icraindia.com
Sensitivity Label : Internal
Annexure
Details of Bank Limits Rated by ICRA Amount (Rs. crore) Rating Rating Assigned On
(Rated on Long-Term Scale)
Indian Renewable Energy Aug 27, 2026.
Development Agency Limited - Term 458.63 [ICRA]BBB (Stable)
loan
Long-term fund-based proposed Aug 27, 2026.
51.37 [ICRA]BBB (Stable)
limits
Total 510.00
ICRA/Delta Renewable Energy Private Limited /08092026/1
Date: September 08, 2026
Ms. J Kotteswari
Delta Renewable Energy Private Limited
Bascon Futura SV, 4th Floor, No. 10/1, Venkatanarayana Road,
T.Nagar, Chennai - 600017, Tamil Nadu
Dear Madam,
Re: ICRA’s Credit Rating for below mentioned Instruments of Delta Renewable Energy Private Limited
As per the Rating Agreement/Statement of Work executed with ICRA Limited, ICRA’s Rating Committee has taken the following rating
actions for the mentioned instruments of your company.
Rated Amount
Instrument Rating Action1 Financial Sector Regulator#
(Rs. crore)
Long term fund based term
21.00 [ICRA]BBB (Stable); assigned RBI
loan
Long term unallocated limits 64.00 [ICRA]BBB (Stable); assigned RBI
Total 85.00
#SEBI’s grievance redressal/dispute resolution and SEBI investor protection mechanisms such as SCORES and ODR shall not be available for activities and
instruments which fall under the regulatory purview of Financial Sector Regulators other than SEBI.
The aforesaid rating will become due for surveillance within one year from the date of rating communication letter. However, ICRA
reserves the right to review and/or, revise the above rating at any time based on new information becoming available, or the required
information not being available, or other circumstances that ICRA believes could have an impact on the rating. Therefore, request
the lenders and investors to visit ICRA website at www.icra.in for latest rating of the company.
The rating is specific to the terms and conditions of the instruments as indicated to us by you, and any change in the terms or size of
the same would require a review of the rating by us. In case there is any change in the terms and conditions or the size of the rated
instrument, the same must be brought to our notice before the instrument is used by you. In the event such changes occur after the
rating have been assigned by us and their use has been confirmed by you, the rating would be subject to our review, following which
there
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