Rating Rationale
March 26, 2026 | Mumbai

Power Finance Corporation Limited

'Crisil AAA/Stable' assigned to Long-Term Borrowing Programme; 'Crisil A1+' assigned to Short Term Borrowing Programme; Perpetual Non Convertible Debentures Withdrawn

 

Rating Action

Total Bank Loan Facilities Rated

Rs.10000 Crore

Long Term Rating

Crisil AAA/Stable (Reaffirmed)

 

Rs.10000 Crore Long Term Borrowing Programme%*

Crisil AAA/Stable (Assigned)

Rs.130000 Crore Long Term Borrowing Programme%

Crisil AAA/Stable (Assigned)

Rs.20000 Crore Short Term Borrowing Programme%

Crisil A1+ (Assigned)

Rs.10000 Crore Long Term Borrowing Programme^*

Crisil AAA/Stable (Reaffirmed)

Rs.115000 Crore Long Term Borrowing Programme^

Crisil AAA/Stable (Reaffirmed)

Rs.15000 Crore Short Term Borrowing Programme^

Crisil A1+ (Reaffirmed)

Rs.1000 Crore Perpetual Non-Convertible Debentures

Withdrawn

Long-Term Borrowing Programme Aggregating Rs.407193.49 Crore (Reduced from Rs.666600 Crore)~

Crisil AAA/Stable (Reaffirmed)

Short-Term Borrowing Programme Aggregating Rs.1347.25 Crore (Reduced from Rs.50400 Crore)~

Crisil A1+ (Reaffirmed)

Subordinated Non-Convertible Debentures Aggregating Rs.11000 Crore 

Crisil AAA/Stable (Reaffirmed)

Bonds Aggregating Rs.16081.48 Crore (Reduced from Rs.44720.14 Crore)#

Crisil AAA/Stable (Reaffirmed)

%Borrowing programme for fiscal 2027 (refers to financial year, April 1 to March 31). The overall limit for the long-term borrowing programme and the short-term borrowing programme is Rs 1,60,000 crore. The long-term borrowing programme inter-alia includes tax-free bonds under Section 10 of the Income Tax Act. Within the borrowing programme of Rs 1,60,000 crore, total incremental long-term borrowing programme not to exceed Rs 1,30,000 crore (including perpetual non-convertible debentures upto Rs 500 Crore);  total incremental short-term borrowing programme not to exceeed Rs 20,000 crore (including commercial paper upto Rs 10,000 Crore), at any point in time during fiscal 2027. The long term borrowing programme also includes Public Issue of Taxable Non-Convertible Debentures

^Borrowing programme for fiscal 2026 (refers to financial year, April 1 to March 31). The overall limit for the long-term borrowing programme and the short-term borrowing programme is Rs 1,40,000 crore. The long-term borrowing programme inter-alia includes tax-free bonds under Section 10 of the Income Tax Act. Within the borrowing programme of Rs 1,40,000 crore, total incremental long-term borrowing programme not to exceed Rs 1,15,000 crore (including perpetual non-convertible debentures upto Rs 500 Crore);  total incremental short-term borrowing programme not to exceeed Rs 15,000 crore (including commercial paper upto Rs 5,000 Crore), at any point in time during fiscal 2026. The long term borrowing programme also includes Public Issue of Taxable Non-Convertible Debentures

* To be interchangeable with short term borrowing programme

~Borrowing programme for previous fiscals

#This amount excludes long-term borrowing programmes for all fiscal years which are listed separately in the rows above. However, the amount includes Rs 5,000 crore of extra budgetary resources to be raised on behalf of the Ministry of Power.

Limit for working capital demand loan/overdraft facility/cash credit/line of credit/bank guarantee. Total working capital borrowing not to exceed board-approved limit of Rs 10,000 crore. However, quantum of sanctioned working capital facilities may be different from the Board-approved limit for outstanding working capital borrowing.

Note: Institutional bonds, 54EC Capital Gain Tax Exemption Bonds, Tax free bonds, Zero coupon bonds, infrastructure bonds and term loans from banks/financial institution are part of long-term borrowing programme

Note: None of the Directors on Crisil Ratings Limited’s Board are members of rating committee and thus do not participate in discussion or assignment of any ratings. The Board of Directors also does not discuss any ratings at its meetings.

1 crore = 10 million   

Refer to annexure for Details of Instruments & Bank Facilities

 

Detailed Rationale

Crisil Ratings has assigned its 'Crisil AAA/Stable' rating to the long term borrowing programme of Power Finance Corporation Limited (PFC) and its 'Crisil A1+' rating to the short term borrowing programme of the company. Crisil Ratings has also reaffirmed its ratings on the other debt instruments and bank facilities of PFC at 'Crisil AAA/Stable/Crisil A1+'

 

Crisil Ratings has withdrawn its rating on bonds aggregating to Rs 28,638.66 crore (See ‘Annexure: Details of rating withdrawn’ for details) as the outstanding against the same is nil and on receipt of confirmation from the debenture trustee. The withdrawal is in line with the policy of Crisil Ratings. Additionally, Crisil Ratings has also withdrawn its rating on long-term borrowing programme aggregating to Rs 2,59,406.51 crores, short term borrowing programme aggregating to Rs 49,052.75 crore and perpetual non-convertible debentures of Rs 1,000 crores (See ‘Annexure - Details of Rating Withdrawn' for details) and it is in line with its withdrawal policy

 

Crisil Ratings has also taken note of the proposed merger between PFC and REC Limited (REC) and that the merged entity will continue to remain a ‘Government Company’ under the Companies Act, 2013 and other relevant laws. The merger structure is presently under consideration, and the company plans to engage external agencies, such as consultants, valuation experts, and legal advisors, to ensure a structured and timely execution of the merger, subject to obtaining all relevant regulatory approvals

  

The ratings continue to reflect the strategic importance of PFC to the GoI, given the key role the company plays in financing the Indian power sector, and majority ownership by the government. The ratings also factor in strong market position and adequate capitalisation and resource profile. These strengths are partially offset by inherent vulnerability of the asset quality to the weak credit risk profiles of borrowers and significant sectoral and customer concentration in revenue.

Analytical Approach

Crisil Ratings has combined the business and financial risk profiles of PFC and its subsidiaries including REC. Furthermore, Crisil Ratings factors in support from the majority owner, GoI, given the company’s key role in financing the Indian power sector.

 

Please refer Annexure - List of Entities Consolidated, which captures the list of entities considered and their analytical treatment of consolidation.

Key Rating Drivers - Strengths

Strategic importance to and majority ownership by GoI

The company plays a major role in implementing government policies, and is important for financing India's power sector, particularly government sector power utilities (~80% of the consolidated loan book as on December 31, 2025). PFC is the nodal agency for the development of ultra-mega power projects and the integrated power development scheme and is also the bid process coordinator for the Independent Transmission Projects scheme. It plays a developmental role in channelling finance to meet the power sector's large funding requirement, particularly of state power utilities (SPUs). PFC and REC are also the nodal agencies for channeling finance towards the rural electrification programme under the Deendayal Upadhyaya Gram Jyoti Yojana (formerly known as Rajiv Gandhi Grameen Vidyutikaran Yojana) and Pradhan Mantri Sahaj Bijli Har Ghar Yojana, or Saubhagya scheme, and the National Electricity Fund Scheme. Moreover, PFC and REC are the lending partners for the announced discom package. In fiscal 2022, GoI had announced late payment surcharge (LPS) scheme to address dues of discoms to generation and transmission companies. PFC has extended financial assistance of Rs 62,528 crore to various distribution companies (discoms) under the rules, to clear their outstanding dues. In the same fiscal, GOI had announced the Revamped Distribution Sector Scheme (RDSS), a reforms-based and results-linked scheme with an outlay of 3.04 lakh crore over a period of five years, which would be available till fiscal 2026. PFC, along with REC has been appointed as nodal agencies for facilitating the implementation of this scheme. The scheme aims to improve operational efficiencies and financial sustainability of discoms by providing reform-linked financial assistance for strengthening the supply. Since this scheme has seen some delays in execution, the timeline of the scheme has been extended by two years till March 2028.

 

Furthermore, GoI remains the majority shareholder of PFC, with a stake of 56% as on December 31, 2025. Crisil Ratings understands that the merged entity will continue to remain a government company via majority shareholding or control post-merger with REC. The government supports the company financially and operationally in various ways, including conferring special status to raise capital gains tax exemption bonds. GoI has strong strategic reasons and a moral obligation to support PFC, both on an ongoing basis and in the event of distress, given the latter's role in implementing the government's power sector policies and GoI's majority ownership in the company.

 

Dominant market position in the power financing segment

PFC plays an important role in the Indian power sector, not only by providing finance but also by implementing GoI's power sector policies. The company, at a consolidated level, is the largest lender to the power sector and plays a key role in channeling finance to SPUs. Both PFC and REC have a combined market share of ~40% in power financing. The gross consolidated loan book stood at Rs 11.5 lakh crore as on December 31, 2025, as against Rs 10.7 lakh crore a year earlier and the share of SPUs in the consolidated loan book stood at ~80% as on December 31, 2025. Furthermore, over the years, PFC has forayed into newer business opportunities, diversifying its portfolio from conventional energy sector, with more focus on renewable energy and infrastructure & logistic sector. As on December 31, 2025, the transmission and distribution segment comprises ~46% of the loan book on a standalone basis followed by conventional generation (32%), renewable energy (16%) and others (6%).

 

Adequate capitalisation

Capitalisation remains adequate supported by a large networth, demonstrated ability to raise capital through public issues and healthy internal accruals. As on December 31, 2025, the company reported networth of Rs 1,00,737 crore with gearing at 4.7 times (Rs 1,71,890 crore and 5.7 times respectively as on same date on a consolidated basis). The large absolute networth provides healthy coverage against asset side risks as networth to net NPA ratio on a standalone basis for PFC stood at 68.3 times as on December 31, 2025. The overall capital adequacy ratio (CAR) and Tier 1 CAR also remain sufficient and stood at 22.4% and 20.66%, respectively, as on December 31, 2025. Additionally, accretion to networth is supported by the ability to maintain stable interest spreads and a low operating expense ratio and provision costs. The standalone return on assets ratio was 3.1% and return on equity were 19.1% for the nine months of fiscal 2026 (3.1% and 19.5%, respectively, for corresponding period of previous fiscal).

 

Sufficient resource profile

Borrowing costs are competitive and the resource base, though wholesale, is diversified. Debt instruments have wide market acceptability, which is also reflective in its average cost of borrowing compared to peers (7.0% for nine months period ended December 31, 2025). The standalone resource profile as on December 31, 2025, comprises bonds (59%), term loans (20%) and other borrowings (1%). The company also has access to foreign currency borrowing, which comprised 20% of the total borrowing as on the same date. As per the board-approved policy for exchange rate risks, PFC has hedged 98% of its total foreign currency borrowing as on December 31, 2025. The company had received government approval in 2017 to raise capital gain bonds under Section 54 EC, which further support the resource profile.

Key Rating Drivers - Weaknesses

Inherent vulnerability in asset quality, and significant sectoral and customer concentration

PFC's asset quality remains inherently vulnerable to the weak credit risk profiles of borrowers. The company caters primarily to the power sector, with ~80% of its consolidated loan book as on December 31, 2025, to government sector power utilities (including generation, transmission, and discoms). SPUs, especially discoms, are an inherently weak asset class because of their poor financial risk profiles. Effective execution of various reform measures is extremely critical for SPUs to produce the desired positive impact, and broad-based political consensus is necessary to implement the much-needed tariff increases to ensure sustained improvement in their performance. NPAs and restructured assets from the SPUs book had risen sharply in fiscal 2017 owing to alignment with the restructuring norms of Reserve Bank of India. However, the downgraded accounts had been paying dues regularly, and a majority of them were upgraded in fiscal 2018.  Furthermore, various dispensation schemes by the GOI such as RDSS and LPS have also helped support asset quality for these exposures. Accordingly, NPAs (stage III assets as per IND AS) remained nil from this portfolio as on December 31, 2025

 

PFC (consolidated) also has ~20% exposure to private sector power players, which have remained vulnerable to asset quality risks historically due to issues around fuel availability, challenges with passing on fuel price increases and absence of long-term power purchase agreements. However, due to increasing share of renewable energy in the private sector book which is not prone to stated issues and steady progress in resolution of stressed assets, PFC’s asset quality has been on an improving trend with gross NPAs (stage III assets as per IND-AS) of 1.3% as on December 31, 2025 (3.0% as on March 31, 2024), all from its private sector book (on a consolidated basis). As on December 31, 2025, ~6% of private sector loans have been recognised as stage III assets on which the company has a provision coverage of 82% on a consolidated basis.

Liquidity Superior

The Asset Liability Maturity (ALM) profile as of February 28, 2026, had positive cumulative mismatches across all periods up to 1 year bucket. Further, as on same date, the company (on a standalone basis) had a liquidity cushion of Rs. 18,287 crore (Rs 10,937 crore of cash and equivalents and Rs 7,350 crore of unutilised cash credit lines) against debt obligation of Rs 9,090 crore over the next month.

 

ESG Profile

Crisil Ratings believes that PFC Environment, Social, and Governance (ESG) profile supports its already strong credit risk profile.

 

The ESG profile for financial sector entities typically factors in governance as a key differentiator. The sector has reasonable social impact because of its substantial employee and customer base, and it can play a key role in promoting financial inclusion. While the sector does not have a direct adverse environmental impact, the lending decisions may have a bearing on environment.

 

PFC has a continuous focus on strengthening various aspects of its ESG profile.

 

PFC Finance’s key ESG Highlights:

  • In fiscal 2025, PFC has obtained over USD 2.5 billion in green funding, including a JPY 120 billion agreement with Japan Bank for International Cooperation (JBIC), to fund low-carbon infrastructure, renewable energy and climate adaptation projects.
  • PFC continues to have sizeable exposure towards conventional power generation companies (32% of loan book as on December 31, 2025, as compared to 34% on December 31, 2024). That said, the company exposure towards renewable projects has been on the rise and stood at 16% of loan book as on December 31, 2025 compared to 14% a year back.
  • The lender has stated that it has financed renewable energy projects with a cumulative capacity of 60 GW as of March 31, 2025
  • In fiscal 2025, share of women employees (at ~20% vs ~21% in fiscal 2024) and employee attrition rate ~1%.
  • The company’s governance structure is characterized by ~50% of its board comprising of independent directors, 20% women directors, high investor complaints redressal rate, and extensive financial disclosures

 

There is growing importance of ESG among investors and lenders. PFC commitment to ESG principles will play a key role in enhancing stakeholder confidence, given the sizable share of market borrowings in its overall debt and access to both domestic and foreign capital markets.

Outlook Stable

Crisil Ratings believes GoI will retain its majority stake in PFC, which will continue to play a critical role in implementing government policies related to financing the Indian power sector over the medium term. The company is also likely to retain its strong position in the infrastructure-financing segment, while maintaining healthy capitalization.

 

The rating on the perpetual bonds remains sensitive to the capital buffer maintained by PFC over regulatory capital requirements; rating transition on these instruments could potentially be sharper than that on other debt instruments and bank facilities.

Rating sensitivity factors

Downward factors

  • Government shareholding declining below 50% and/or diminution of government support
  • Significant deterioration in asset quality, thereby impacting profitability and capitalisation 

About the Company

PFC was established in 1986 by GoI as an institution dedicated to funding and developing the power sector in India. Until 1996, lending was exclusively to public sector entities. Since then, it has expanded its customer profile to include private sector power utilities and projects. PFC aims to promote balanced and integrated development of the power sector by providing finance to low-cost, efficient, and reliable projects.

 

In March 2019, PFC completed the acquisition of GoI’s 52.6% stake in REC for Rs 14,500 crore. PFC and REC will remain strategically important to the government, which would provide them timely, need-based support. They will continue to play their respective policy roles and will remain the nodal agencies for implementing power sector policies.

 

On a consolidated basis, PFC reported profit after tax (PAT) of Rs 30,514 crore and total income (net of interest) of Rs 41,929 crore in fiscal 2025 (Rs 26,461 crore and 33,207 crore, respectively in the previous fiscal). On a standalone basis, PFC reported PAT of Rs 17,352 crore and total income (net of interest) of Rs 22,590 crore in fiscal 2025 as against Rs 14,367 crore and Rs 18,014 crore, respectively in the previous fiscal.

Key Financial Indicators (PFC; standalone)

As on / for the period ended March 31,

Unit

2025

2024

Total income (net of interest expenses)

Rs crore

22,590

18,014

PAT

Rs crore

17,352

14,367

Gross NPA

%

1.94

3.34

Overall capital adequacy ratio 

%

22.08

25.41

 

As on / for the period ended December 31,

Unit

2025

2024

Total income (net of interest expenses)

Rs crore

18,420

15,466

PAT

Rs crore

13,727

12,243

Gross NPA

%

1.64

2.68

Overall capital adequacy ratio 

%

22.39

24.15

 

Key financial (PFC; consolidated)

As on/for the period ended March 31,

Unit

2025

2024

Total income (net of interest expenses)

Rs crore

41,929

33,207

PAT

Rs crore

30,514

26,461

Gross NPA

%

1.64

3.02

 

As on/for the period ended December 31,

Unit

2025

2024

Total income (net of interest expenses)

Rs crore

34,589

29,232

PAT

Rs crore

25,028

22,157

Gross NPA

%

1.26

2.30

 

Any other information: Not applicable

Note on complexity levels of the rated instrument:
Crisil Ratings` complexity levels are assigned to various types of financial instruments and are included (where applicable) in the 'Annexure - Details of Instrument' in this Rating Rationale.

Crisil Ratings will disclose complexity level for all securities - including those that are yet to be placed - based on available information. The complexity level for instruments may be updated, where required, in the rating rationale published subsequent to the issuance of the instrument when details on such features are available.

For more details on the Crisil Ratings` complexity levels please visit www.crisilratings.com. Users may also call the Customer Service Helpdesk with queries on specific instruments.

Annexure: List of instruments and names of regulators of the instruments

As required by SEBI CRA Circular dated Feb 10, 2026, a list of activities or instruments falling under the purview of various FSRs, along with the names of respective FSRs, is being disclosed below:

 

A.

Rating activities

 

Sr. No.

Instrument / activity Name

Regulator of the instruments

1

Listed/Proposed to be listed bonds/debentures/preference share (all securities)

SEBI

2

Unlisted/Proposed to be unlisted Bonds/Debentures/ Preference share (all securities)

MCA

3

Listed PTCs / Securitisation Notes (originated by entities regulated by RBI)*

SEBI

4

Listed PTCs / Securitisation Notes (originated by entities not regulated by RBI)*

SEBI

5

Unlisted PTCs / Securitisation Notes (originated by entities regulated by RBI)*

RBI

6

Listed Commercial Paper and NCDs with original maturity less than 1 year

RBI

7

Unlisted Commercial Paper and NCDs with original maturity less than 1 year

RBI

8

Loan Facilities (Fund/Non-Fund Based) from Bank/NBFCs/NHB/FIs  ^

RBI

9

External Commercial Borrowings and other similar borrowings

RBI

10

Certificates of Deposit

RBI

11

Fixed Deposits raised by NBFC's, Banks, HFCs, Fis

RBI

12

Fixed Deposits raised by corporates other than NBFCs, Banks, HFCs, FIs

MCA

13

Inter Corporate Deposits/Loans extended by Corporates

MCA

14

Borrowing programme ~

-

15

Issuer Ratings #

-

16

Credit Ratings for Capital Protection Oriented Schemes (by Mutal Funds and AIFs)

SEBI

17

Credit quality ratings (CQRs) for Mutual Fund Schemes and Schemes of AIFs

SEBI

18

Listed Security Receipts

SEBI

19

Unlisted Security Receipts

RBI

20

Independent Credit Evaluation (ICE)

RBI

21

Expected Loss Ratings (for Loan Facilities (Fund/Non-Fund Based) from Bank/NBFCs/NHB/Fis)

RBI

22

Expected Loss Ratings (Listed/Proposed to be listed bonds/debentures/preference share (all securities))

SEBI

23

Expected Loss Ratings (Unlisted/Proposed to be unlisted Bonds/Debentures/ Preference share (all securities))

MCA

24

Unlisted PTCs / Securitisation Notes (originated by entities not regulated by RBI) *

Investor-side regulator such as IRDAI, PFRDA @

* Includes securitisation transactions involving assignee payout, acquirer's payout.

~ The rated instrument may involve issuance of different instruments such as debt securities (listed or otherwise), bank loans, commercial paper (listed or otherwise), etc. The regulator of the instrument may accordingly be SEBI, RBI or MCA and can only be determined upon issuance. In PRs subsequent to issuance(s), Crisil Ratings Limited shall separately capture the rated quantum details along with names of respective regulators.

^ Includes bank facilities such as liquidity facility, second loss facility that are part of securitisation transactions.

# There is no instrument being rated and hence, Regulator of the Instrument is not applicable. The rating scale and definitions are being followed as stipulated in SEBI Master Circular for CRAs.

@ These ratings were assigned during regulatory regime prior to introduction of SEBI CRA Circular dated Feb 10, 2026 and the investor side regulators have accordingly been included.

 

Note:  Kindly note that for activities or instruments falling under the purview of FSRs other than SEBI, the grievance/dispute redressal mechanisms and investor protection mechanisms provided by SEBI shall not be available.

Annexure - Details of Instrument(s)

ISIN

Name of instrument

Date of allotment

Coupon rate (%)

Maturity date

Issue size (Rs.Crore)

Complexity level

Rating with outlook

INE134E07AK7

Bonds

22-Jan-21

6.63

22-Jan-31

0.5

Simple

Crisil AAA/Stable

INE134E07AL5

Bonds

22-Jan-21

6.82

22-Jan-31

28.74

Simple

Crisil AAA/Stable

INE134E07AM3

Bonds

22-Jan-21

6.80

22-Jan-31

33.67

Simple

Crisil AAA/Stable

INE134E07AN1

Bonds

22-Jan-21

7.00

22-Jan-31

1,635.53

Simple

Crisil AAA/Stable

INE134E07AO9

Bonds

22-Jan-21

7.30

22-Jan-31

10.35

Simple

Crisil AAA/Stable

INE134E07AP6

Bonds

22-Jan-21

7.50

22-Jan-31

1,250.73

Simple

Crisil AAA/Stable

INE134E07AQ4

Bonds

22-Jan-21

6.78

22-Jan-36

3.5

Simple

Crisil AAA/Stable

INE134E07AS0

Bonds

22-Jan-21

6.95

22-Jan-36

50.05

Simple

Crisil AAA/Stable

INE134E08LN6

Bonds

21-Dec-21

6.92

14-Apr-32

2,510.00

Simple

Crisil AAA/Stable

INE134E08LP1

Bonds

24-Aug-22

7.13

15-Jul-26

3,000.00

Simple

Crisil AAA/Stable

INE134E08LQ9

Bonds

08-Sep-22

7.42

08-Sep-32

4,000.00

Simple

Crisil AAA/Stable

INE134E08LS5

Bonds

08-Sep-22

7.15

08-Sep-26

276.4

Simple

Crisil AAA/Stable

INE134E08LT3

Bonds

08-Sep-22

7.15

08-Sep-27

276.4

Simple

Crisil AAA/Stable

INE134E08LW7

Bonds

14-Dec-22

7.58

15-Apr-33

470

Simple

Crisil AAA/Stable

INE134E08LX5

Bonds

19-Dec-22

7.59

17-Jan-28

3,500.00

Simple

Crisil AAA/Stable

INE134E08LY3

Bonds

19-Dec-22

7.72

19-Dec-37

2,782.70

Simple

Crisil AAA/Stable

INE134E08MC7

Bonds

13-Mar-23

7.77

15-Jul-26

3,262.70

Simple

Crisil AAA/Stable

INE134E08MD5

Bonds

13-Mar-23

7.82

11-Mar-33

625

Simple

Crisil AAA/Stable

INE134E08ME3

Bonds

13-Mar-23

7.82

12-Mar-32

625

Simple

Crisil AAA/Stable

INE134E08MF0

Bonds

13-Mar-23

7.82

13-Mar-30

625

Simple

Crisil AAA/Stable

INE134E08MG8

Bonds

13-Mar-23

7.82

13-Mar-31

625

Simple

Crisil AAA/Stable

INE134E08MJ2

Bonds

31-Mar-23

7.77

15-Apr-28

1,390.00

Simple

Crisil AAA/Stable

INE134E08MK0

Bonds

31-Mar-23

7.70

15-Sep-26

1,200.00

Simple

Crisil AAA/Stable

INE134E08MH6

Bonds

27-Mar-23

8.00

15-Apr-33

1,200.00

Complex

Crisil AAA/Stable

INE134E08MI4

Bonds

27-Mar-23

8.00

15-Apr-33

583.5

Simple

Crisil AAA/Stable

INE134E08ML8

Bonds

20-Apr-23

7.55

15-Jul-26

2,330.00

Simple

Crisil AAA/Stable

INE134E08MM6

Bonds

20-Apr-23

7.62

15-Jul-33

2,102.00

Simple

Crisil AAA/Stable

INE134E08MN4

Bonds

10-May-23

7.44

10-May-28

1,550.00

Complex

Crisil AAA/Stable

INE134E08MO2

Bonds

22-May-23

7.37

22-May-26

2,990.00

Simple

Crisil AAA/Stable

INE134E07CF3

Bonds

01-Aug-23

7.50

01-Aug-26

59.93

Simple

Crisil AAA/Stable

INE134E07CG1

Bonds

01-Aug-23

7.45

01-Aug-26

62.17

Simple

Crisil AAA/Stable

INE134E07CH9

Bonds

01-Aug-23

7.53

01-Aug-33

45.48

Simple

Crisil AAA/Stable

INE134E07CI7

Bonds

01-Aug-23

7.47

01-Aug-33

362.51

Simple

Crisil AAA/Stable

INE134E07CJ5

Bonds

01-Aug-23

7.50

01-Aug-38

183.71

Simple

Crisil AAA/Stable

INE134E07CK3

Bonds

01-Aug-23

7.55

01-Aug-38

2,110.68

Simple

Crisil AAA/Stable

INE134E08MP9

Bonds

20-Jun-23

7.48

19-Jun-38

3,896.90

Simple

Crisil AAA/Stable

INE134E08MQ7

Bonds

12-Jul-23

7.57

12-Jul-33

3,000.00

Simple

Crisil AAA/Stable

INE134E08MR5

Bonds

25-Aug-23

7.60

25-Aug-33

3,500.00

Simple

Crisil AAA/Stable

INE134E08MS3

Bonds

25-Aug-23

Zero Interest

25-Aug-26

597.69

Simple

Crisil AAA/Stable

INE134E08MT1

Bonds

25-Aug-23

7.64

25-Aug-26

2,500.00

Simple

Crisil AAA/Stable

INE134E08MU9

Bonds

30-Nov-23

7.70

30-Nov-33

2,625.00

Simple

Crisil AAA/Stable

INE134E08MV7

Bonds

15-Dec-23

7.69

15-Dec-38

3,335.00

Simple

Crisil AAA/Stable

INE134E08MW5

Bonds

15-Feb-24

7.88

31-Dec-99

100

Complex

Crisil AAA/Stable

INE134E08MX3

Bonds

22-Feb-24

7.60

13-Apr-29

3,000.00

Simple

Crisil AAA/Stable

INE134E08MY1

Bonds

22-Feb-24

7.49

22-Feb-34

3,000.00

Simple

Crisil AAA/Stable

INE134E08MZ8

Bonds

13-Mar-24

7.55

15-Apr-27

2,754.00

Simple

Crisil AAA/Stable

INE134E07CL1

Bonds

30-Apr-24

5.25

30-Apr-29

370.31

Simple

Crisil AAA/Stable

INE134E07CM9

Bonds

31-May-24

5.25

31-May-29

209.26

Simple

Crisil AAA/Stable

INE134E08NA9

Bonds

31-May-24

7.44

15-Jul-34

3,178.00

Simple

Crisil AAA/Stable

INE134E07CN7

Bonds

30-Jun-24

5.25

30-Jun-29

169.93

Simple

Crisil AAA/Stable

INE134E08NB7

Bonds

22-Aug-24

7.32

15-Jul-39

3,050.00

Simple

Crisil AAA/Stable

INE134E08NC5

Bonds

04-Sep-24

7.30

16-Oct-34

2,741.10

Simple

Crisil AAA/Stable

INE134E08ND3

Bonds

23-Sep-24

7.27

15-Oct-31

3,500.00

Simple

Crisil AAA/Stable

INE134E08NE1

Bonds

23-Sep-24

7.22

15-Oct-39

3,226.55

Simple

Crisil AAA/Stable

INE134E07CS6

Bonds

31-Oct-24

5.25

31-Oct-29

75.48

Simple

Crisil AAA/Stable

INE134E07CO5

Bonds

31-Aug-24

5.25

31-Aug-29

65.56

Simple

Crisil AAA/Stable

INE134E07CQ0

Bonds

31-Jul-24

5.25

31-Jul-29

321.78

Simple

Crisil AAA/Stable

INE134E07CP2

Bonds

30-Sep-24

5.25

30-Sep-29

500

Simple

Crisil AAA/Stable

INE134E07CU2

Bonds

30-Nov-24

5.25

30-Nov-29

150.01

Simple

Crisil AAA/Stable

INE134E08NF8

Bonds

10-Dec-24

7.10

15-Jan-35

3,052.00

Simple

Crisil AAA/Stable

INE134E08NG6

Bonds

10-Dec-24

7.11

16-Jan-40

3,200.00

Simple

Crisil AAA/Stable

INE134E08NH4

Bonds

23-Dec-24

7.40

15-Jan-30

2,545.00

Simple

Crisil AAA/Stable

INE134E08NI2

Bonds

23-Dec-24

7.16

16-Jan-40

2,700.00

Simple

Crisil AAA/Stable

INE134E07CW8

Bonds

31-Dec-24

5.25

31-Dec-29

145.28

Simple

Crisil AAA/Stable

INE134E07CT4

Bonds

31-Jan-25

5.25

31-Jan-30

500

Simple

Crisil AAA/Stable

INE134E08NJ0

Bonds

06-Feb-25

7.24

15-Jan-35

2,500.00

Simple

Crisil AAA/Stable

INE134E08NK8

Bonds

06-Feb-25

7.25

16-Jan-45

1,450.00

Simple

Crisil AAA/Stable

INE134E08NL6

Bonds

20-Feb-25

7.42

15-Apr-28

4,000.00

Simple

Crisil AAA/Stable

INE134E08NM4

Bonds

20-Feb-25

7.38

15-Jan-32

2,835.00

Simple

Crisil AAA/Stable

INE134E07CR8

Bonds

31-Mar-25

5.25

31-Mar-30

500

Simple

Crisil AAA/Stable

INE134E07CV0

Bonds

28-Feb-25

5.25

28-Feb-30

500

Simple

Crisil AAA/Stable

INE134E08NN2

Bonds

03-Mar-25

7.40

15-Jan-35

3,075.00

Simple

Crisil AAA/Stable

INE134E08LV9

Bonds

14-Nov-22

7.65

13-Nov-37

4,000.00

Simple

Crisil AAA/Stable

INE134E08MA1

Bonds

22-Feb-23

7.64

22-Feb-33

3,500.00

Complex

Crisil AAA/Stable

INE134E08MB9

Bonds

06-Mar-23

7.82

06-Mar-38

3,468.50

Simple

Crisil AAA/Stable

INE134E07AR2

Bonds

22-Jan-21

6.97

22-Jan-36

53.36

Simple

Crisil AAA/Stable

INE134E07AT8

Bonds

22-Jan-21

7.15

22-Jan-36

1,330.05

Simple

Crisil AAA/Stable

INE134E08NO0

Bonds

03-Mar-25

7.44

15-Jan-30

3,340.00

Simple

Crisil AAA/Stable

INE134E07CX6

Bonds

30-Sep-25

5.25

30-Sep-30

87.71

Simple

Crisil AAA/Stable

INE134E08NP7

Bonds

17-Mar-25

7.45

15-Jul-28

4,000.00

Simple

Crisil AAA/Stable

INE134E08NQ5

Bonds

17-Mar-25

7.75

15-Apr-26

1,685.00

Simple

Crisil AAA/Stable

INE134E08NR3

Bonds

22-May-25

6.64

15-Jul-30

2,500.00

Simple

Crisil AAA/Stable

INE134E08NS1

Bonds

22-May-25

6.61

15-Jul-28

2,450.00

Simple

Crisil AAA/Stable

INE134E08NT9

Bonds

11-Jun-25

6.27

15-Jul-27

2,500.00

Simple

Crisil AAA/Stable

INE134E08NU7

Bonds

11-Jun-25

6.59

15-Oct-30

1,980.00

Simple

Crisil AAA/Stable

INE134E08NW3

Bonds

25-Sep-25

6.73

15-Oct-27

3,450.00

Simple

Crisil AAA/Stable

INE134E08NX1

Bonds

03-Nov-25

7.10

12-Nov-40

2,486.00

Simple

Crisil AAA/Stable

INE134E07CZ1

Bonds

30-Nov-25

5.25

30-Nov-30

500

Simple

Crisil AAA/Stable

INE134E08NY9

Bonds

27-Nov-25

7.08

27-Nov-35

3,000.00

Simple

Crisil AAA/Stable

INE134E07DB0

Bonds

31-Jan-26

5.25

31-Jan-31

500

Simple

Crisil AAA/Stable

INE134E07AF7

Capital Gain Tax Exemption Bonds

31-Mar-21

5.00

31-Mar-26

238.47

Simple

Crisil AAA/Stable

INE134E07AU6

Capital Gain Tax Exemption Bonds

30-Apr-21

5.00

30-Apr-26

74.66

Simple

Crisil AAA/Stable

INE134E07AV4

Capital Gain Tax Exemption Bonds

31-May-21

5.00

31-May-26

66.6

Simple

Crisil AAA/Stable

INE134E07AW2

Capital Gain Tax Exemption Bonds

30-Jun-21

5.00

30-Jun-26

103.86

Simple

Crisil AAA/Stable

INE134E07AX0

Capital Gain Tax Exemption Bonds

31-Jul-21

5.00

31-Jul-26

131

Simple

Crisil AAA/Stable

INE134E07AY8

Capital Gain Tax Exemption Bonds

31-Aug-21

5.00

31-Aug-26

106.04

Simple

Crisil AAA/Stable

INE134E07AZ5

Capital Gain Tax Exemption Bonds

30-Sep-21

5.00

30-Sep-26

135.76

Simple

Crisil AAA/Stable

INE134E07BA6

Capital Gain Tax Exemption Bonds

31-Oct-21

5.00

31-Oct-26

94.42

Simple

Crisil AAA/Stable

INE134E07BB4

Capital Gain Tax Exemption Bonds

30-Nov-21

5.00

30-Nov-26

84.94

Simple

Crisil AAA/Stable

INE134E07BC2

Capital Gain Tax Exemption Bonds

31-Dec-21

5.00

31-Dec-26

125.81

Simple

Crisil AAA/Stable

INE134E07BD0

Capital Gain Tax Exemption Bonds

31-Jan-22

5.00

31-Jan-27

111.14

Simple

Crisil AAA/Stable

INE134E07BE8

Capital Gain Tax Exemption Bonds

28-Feb-22

5.00

28-Feb-27

130.49

Simple

Crisil AAA/Stable

INE134E07BF5

Capital Gain Tax Exemption Bonds

31-Mar-22

5.00

31-Mar-27

269.93

Simple

Crisil AAA/Stable

INE134E07BG3

Capital Gain Tax Exemption Bonds

30-Apr-22

5.00

30-Apr-27

182

Simple

Crisil AAA/Stable

INE134E07BH1

Capital Gain Tax Exemption Bonds

31-May-22

5.00

31-May-27

190.4

Simple

Crisil AAA/Stable

INE134E07BI9

Capital Gain Tax Exemption Bonds

30-Jun-22

5.00

30-Jun-27

180.62

Simple

Crisil AAA/Stable

INE134E07BJ7

Capital Gain Tax Exemption Bonds

31-Jul-22

5.00

31-Jul-27

253.08

Simple

Crisil AAA/Stable

INE134E07BK5

Capital Gain Tax Exemption Bonds

31-Aug-22

5.00

31-Aug-27

146.19

Simple

Crisil AAA/Stable

INE134E07BL3

Capital Gain Tax Exemption Bonds

30-Sep-22

5.00

30-Sep-27

214.67

Simple

Crisil AAA/Stable

INE134E07BM1

Capital Gain Tax Exemption Bonds

31-Oct-22

5.00

31-Oct-27

176.41

Simple

Crisil AAA/Stable

INE134E07BO7

Capital Gain Tax Exemption Bonds

31-Dec-22

5.00

31-Dec-27

212.29

Simple

Crisil AAA/Stable

INE134E07BP4

Capital Gain Tax Exemption Bonds

31-Jan-23

5.00

31-Jan-28

191.69

Simple

Crisil AAA/Stable

INE134E07BQ2

Capital Gain Tax Exemption Bonds

28-Feb-23

5.00

29-Feb-28

212.41

Simple

Crisil AAA/Stable

INE134E07BR0

Capital Gain Tax Exemption Bonds

31-Mar-23

5.00

31-Mar-28

440.88

Simple

Crisil AAA/Stable

INE134E07BT6

Capital Gain Tax Exemption Bonds

30-Apr-23

5.25

30-Apr-28

500

Simple

Crisil AAA/Stable

INE134E07BV2

Capital Gain Tax Exemption Bonds

31-May-23

5.25

31-May-28

500

Simple

Crisil AAA/Stable

INE134E07BU4

Capital Gain Tax Exemption Bonds

29-Feb-24

5.25

28-Feb-29

203.56

Simple

Crisil AAA/Stable

INE134E07BW0

Capital Gain Tax Exemption Bonds

31-Mar-24

5.25

31-Mar-29

500

Simple

Crisil AAA/Stable

INE134E07BX8

Capital Gain Tax Exemption Bonds

31-Jan-24

5.25

31-Jan-29

500

Simple

Crisil AAA/Stable

INE134E07BY6

Capital Gain Tax Exemption Bonds

31-Dec-23

5.25

31-Dec-28

500

Simple

Crisil AAA/Stable

INE134E07BZ3

Capital Gain Tax Exemption Bonds

30-Nov-23

5.25

30-Nov-28

500

Simple

Crisil AAA/Stable

INE134E07CA4

Capital Gain Tax Exemption Bonds

31-Oct-23

5.25

31-Oct-28

500

Simple

Crisil AAA/Stable

INE134E07CB2

Capital Gain Tax Exemption Bonds

30-Sep-23

5.25

30-Sep-28

500

Simple

Crisil AAA/Stable

INE134E07CC0

Capital Gain Tax Exemption Bonds

31-Aug-23

5.25

31-Aug-28

500

Simple

Crisil AAA/Stable

INE134E07CD8

Capital Gain Tax Exemption Bonds

31-Jul-23

5.25

31-Jul-28

500

Simple

Crisil AAA/Stable

INE134E07CE6

Capital Gain Tax Exemption Bonds

30-Jun-23

5.25

30-Jun-28

500

Simple

Crisil AAA/Stable

INE134E07BN9

Capital Gain Tax Exemption Bonds

30-Nov-22

5.00

30-Nov-27

200.25

Simple

Crisil AAA/Stable

INE134E07DC8

Capital Gain Tax Exemption Bonds

30-Apr-25

5.25

30-Apr-30

92.17

Simple

Crisil AAA/Stable

INE134E07DF1

Capital Gain Tax Exemption Bonds

31-May-25

5.25

31-May-30

97.65

Simple

Crisil AAA/Stable

INE134E07DG9

Capital Gain Tax Exemption Bonds

31-Aug-25

5.25

31-Aug-30

90.84

Simple

Crisil AAA/Stable

INE134E07DH7

Capital Gain Tax Exemption Bonds

31-Jul-25

5.25

31-Jul-30

94.71

Simple

Crisil AAA/Stable

INE134E07DI5

Capital Gain Tax Exemption Bonds

30-Jun-25

5.25

30-Jun-30

88.18

Simple

Crisil AAA/Stable

INE134E07DA2

Capital Gain Tax Exemption Bonds

31-Dec-25

5.25

31-Dec-30

500

Simple

Crisil AAA/Stable

INE134E07091

Infrastructure Bonds

31-Mar-11

8.50

31-Mar-26

5.27

Complex

Crisil AAA/Stable

INE134E07109

Institutional bonds

31-Mar-11

8.50

31-Mar-26

19.3

Complex

Crisil AAA/Stable

INE134E07125

Institutional bonds

15-Oct-11

7.75

15-Oct-26

217.99

Simple

Crisil AAA/Stable

INE134E07141

Institutional bonds

25-Nov-11

8.16

25-Nov-26

209.34

Simple

Crisil AAA/Stable

INE134E07174

Institutional bonds

21-Nov-11

8.75

21-Nov-26

2.86

Complex

Crisil AAA/Stable

INE134E07182

Institutional bonds

21-Nov-11

8.75

21-Nov-26

7.77

Complex

Crisil AAA/Stable

INE134E07232

Institutional bonds

30-Mar-12

8.72

30-Mar-27

0.87

Complex

Crisil AAA/Stable

INE134E07240

Institutional bonds

30-Mar-12

8.72

30-Mar-27

2.4

Complex

Crisil AAA/Stable

INE134E08DS2

Institutional bonds

01-Aug-11

9.46

01-Aug-26

1,105.00

Simple

Crisil AAA/Stable

INE134E08FL2

Institutional bonds

11-Mar-13

9.00

11-Mar-28

1,370.00

Complex

Crisil AAA/Stable

INE134E08FO6

Institutional bonds

18-Mar-13

8.90

18-Mar-28

403

Complex

Crisil AAA/Stable

INE134E08FQ1

Institutional bonds

25-Mar-13

8.94

25-Mar-28

2,807.00

Complex

Crisil AAA/Stable

INE134E08GH8

Institutional bonds

27-Aug-14

9.39

27-Aug-29

460

Simple

Crisil AAA/Stable

INE134E08IE1

Institutional bonds

02-May-16

8.03

02-May-26

1,000.00

Complex

Crisil AAA/Stable

INE134E08II2

Institutional bonds

16-Aug-16

7.63

14-Aug-26

1,675.00

Simple

Crisil AAA/Stable

INE134E08IK8

Institutional bonds

16-Sep-16

7.56

16-Sep-26

210

Simple

Crisil AAA/Stable

INE134E08IL6

Institutional bonds

26-Sep-16

7.55

25-Sep-26

4,000.00

Simple

Crisil AAA/Stable

INE134E08IO0

Institutional bonds

05-Jan-17

7.23

05-Jan-27

2,635.00

Simple

Crisil AAA/Stable

INE134E08IP7

Institutional bonds

11-Jan-17

7.10

11-Jan-27

200

Simple

Crisil AAA/Stable

INE134E08IR3

Institutional bonds

20-Jan-17

7.18

20-Jan-27

1,335.00

Simple

Crisil AAA/Stable

INE134E08IT9

Institutional bonds

20-Feb-17

7.60

20-Feb-27

1,465.00

Simple

Crisil AAA/Stable

INE134E08IX1

Institutional bonds

22-Mar-17

7.75

22-Mar-27

2,000.00

Simple

Crisil AAA/Stable

INE134E08JC3

Institutional bonds

12-Jun-17

7.44

11-Jun-27

1,540.00

Simple

Crisil AAA/Stable

INE134E08JE9

Institutional bonds

08-Aug-17

7.30

07-Aug-27

1,500.00

Simple

Crisil AAA/Stable

INE134E08JG4

Institutional bonds

22-Nov-17

7.65

22-Nov-27

2,001.00

Simple

Crisil AAA/Stable

INE134E08JH2

Institutional bonds

15-Dec-17

7.62

15-Dec-27

5,000.00

Simple

Crisil AAA/Stable

INE134E08JI0

Institutional bonds

30-Jan-18

7.74

29-Jan-28

850

Complex

Crisil AAA/Stable

INE134E08JP5

Institutional bonds

03-Apr-18

7.85

03-Apr-28

3,855.00

Simple

Crisil AAA/Stable

INE134E08JQ3

Institutional bonds

10-Oct-18

8.95

10-Oct-28

3,000.00

Simple

Crisil AAA/Stable

INE134E08JR1

Institutional bonds

19-Nov-18

8.67

18-Nov-28

1,007.40

Simple

Crisil AAA/Stable

INE134E08JS9

Institutional bonds

19-Nov-18

8.64

19-Nov-33

528.4

Simple

Crisil AAA/Stable

INE134E08JT7

Institutional bonds

22-Feb-19

8.75

22-Feb-34

2,654.00

Simple

Crisil AAA/Stable

INE134E08KA5

Institutional bonds

30-Apr-19

8.79

29-Apr-34

2,578.90

Simple

Crisil AAA/Stable

INE134E08KC1

Institutional bonds

27-May-19

8.85

25-May-29

1,982.10

Simple

Crisil AAA/Stable

INE134E08KE7

Institutional bonds

08-Aug-19

8.15

08-Aug-34

4,035.00

Simple

Crisil AAA/Stable

INE134E08KF4

Institutional bonds

06-Sep-19

8.25

06-Sep-34

4,016.00

Simple

Crisil AAA/Stable

INE134E08KI8

Institutional bonds

31-Dec-19

7.93

31-Dec-29

4,710.50

Simple

Crisil AAA/Stable

INE134E08KK4

Institutional bonds

14-Jan-20

7.86

12-Apr-30

2,360.00

Simple

Crisil AAA/Stable

INE134E08KL2

Institutional bonds

25-Feb-20

7.41

25-Feb-30

2,500.00

Simple

Crisil AAA/Stable

INE134E08KL2

Institutional bonds

14-Jul-20

7.41

25-Feb-30

1,500.00

Simple

Crisil AAA/Stable

INE134E08KM0

Institutional bonds

02-Mar-20

7.41

15-May-30

5,000.00

Simple

Crisil AAA/Stable

INE134E08KQ1

Institutional bonds

08-May-20

7.40

08-May-30

2,920.00

Simple

Crisil AAA/Stable

INE134E08KR9

Institutional bonds

15-May-20

7.68

15-Jul-30

3,101.30

Simple

Crisil AAA/Stable

INE134E08KU3

Institutional bonds

22-May-20

7.79

22-Jul-30

1,936.00

Simple

Crisil AAA/Stable

INE134E08KV1

Institutional bonds

11-Jun-20

7.75

11-Jun-30

3,318.00

Simple

Crisil AAA/Stable

INE134E08KY5

Institutional bonds

28-Jul-20

6.88

11-Apr-31

1,300.00

Simple

Crisil AAA/Stable

INE134E08KZ2

Institutional bonds

10-Aug-20

7.05

09-Aug-30

1,610.10

Simple

Crisil AAA/Stable

INE134E08LA3

Institutional bonds

10-Aug-20

7.20

10-Aug-35

1,605.70

Simple

Crisil AAA/Stable

INE134E08LC9

Institutional bonds

09-Sep-20

7.04

16-Dec-30

3,646.50

Simple

Crisil AAA/Stable

INE134E08LE5

Institutional bonds

29-Sep-20

7.34

29-Sep-35

1,711.00

Simple

Crisil AAA/Stable

INE134E08LG0

Institutional bonds

30-Jun-21

6.35

30-Jun-26

540.8

Simple

Crisil AAA/Stable

INE134E08LH8

Institutional bonds

30-Jun-21

0.0635

30-Jun-27

405.6

Simple

Crisil AAA/Stable

INE134E08LI6

Institutional bonds

30-Jun-21

7.11

30-Jun-36

1,933.50

Simple

Crisil AAA/Stable

INE134E08LK2

Institutional bonds

27-Aug-21

6.09

27-Aug-26

2,450.00

Simple

Crisil AAA/Stable

INE134E08LL0

Institutional bonds

27-Aug-21

7.15

27-Aug-36

2,343.70

Simple

Crisil AAA/Stable

INE134E08LM8

Institutional bonds

01-Oct-21

6.95

01-Oct-31

1,988.00

Simple

Crisil AAA/Stable

INE134E07208

Tax Free Bonds

01-Feb-12

8.30

01-Feb-27

1,280.58

Simple

Crisil AAA/Stable

INE134E07307

Tax Free Bonds

22-Nov-12

7.38

22-Nov-27

25

Simple

Crisil AAA/Stable

INE134E07323

Tax Free Bonds

29-Nov-12

7.38

29-Nov-27

100

Simple

Crisil AAA/Stable

INE134E07349

Tax Free Bonds

04-Jan-13

7.36

04-Jan-28

176.21

Simple

Crisil AAA/Stable

INE134E07349

Tax Free Bonds

04-Jan-13

7.86

04-Jan-28

180.78

Simple

Crisil AAA/Stable

INE134E07364

Tax Free Bonds

28-Mar-13

7.04

28-Mar-28

13.35

Simple

Crisil AAA/Stable

INE134E07364

Tax Free Bonds

28-Mar-13

7.54

28-Mar-28

55.85

Simple

Crisil AAA/Stable

INE134E07380

Tax Free Bonds

30-Aug-13

8.46

30-Aug-28

1,011.10

Simple

Crisil AAA/Stable

INE134E07430

Tax Free Bonds

16-Nov-13

8.54

16-Nov-28

932.7

Simple

Crisil AAA/Stable

INE134E07448

Tax Free Bonds

16-Nov-13

8.79

16-Nov-28

353.32

Simple

Crisil AAA/Stable

INE134E07455

Tax Free Bonds

16-Nov-13

8.67

16-Nov-33

1,067.38

Simple

Crisil AAA/Stable

INE134E07463

Tax Free Bonds

16-Nov-13

8.92

16-Nov-33

861.96

Simple

Crisil AAA/Stable

INE134E07554

Tax Free Bonds

17-Oct-15

7.27

17-Oct-30

132.06

Simple

Crisil AAA/Stable

INE134E07562

Tax Free Bonds

17-Oct-15

7.52

17-Oct-30

44.45

Simple

Crisil AAA/Stable

INE134E07570

Tax Free Bonds

17-Oct-15

7.35

17-Oct-35

213.57

Simple

Crisil AAA/Stable

INE134E07588

Tax Free Bonds

17-Oct-15

7.60

17-Oct-35

155.5

Simple

Crisil AAA/Stable

INE134E08DB8

Tax Free Bonds

15-Jun-10

8.85

15-Jun-30

633

Simple

Crisil AAA/Stable

INE134E08DJ1

Tax Free Bonds

15-Dec-10

9.05

15-Dec-30

192.7

Simple

Crisil AAA/Stable

INE134E08DU8

Tax Free Bonds

01-Sep-11

9.45

01-Sep-26

2,568.00

Simple

Crisil AAA/Stable

INE134E07DJ3

Non-Convertible Debentures

03-Feb-26

Zero Interest

02-Feb-41

6.76

Simple

Crisil AAA/Stable

INE134E07DK1

Non-Convertible Debentures

03-Feb-26

Zero Interest

02-Feb-41

5,000.00

Simple

Crisil AAA/Stable

INE134E07DL9

Non-Convertible Debentures

03-Feb-26

Zero Interest

02-Feb-41

1.52

Simple

Crisil AAA/Stable

INE134E07DM7

Non-Convertible Debentures

03-Feb-26

7.00

02-Feb-36

32.06

Simple

Crisil AAA/Stable

INE134E07DN5

Non-Convertible Debentures

03-Feb-26

7.10

02-Feb-36

2.15

Simple

Crisil AAA/Stable

INE134E07DO3

Non-Convertible Debentures

03-Feb-26

7.20

02-Feb-36

13.04

Simple

Crisil AAA/Stable

INE134E07DP0

Non-Convertible Debentures

03-Feb-26

7.00

03-Feb-31

20.52

Simple

Crisil AAA/Stable

INE134E07DQ8

Non-Convertible Debentures

03-Feb-26

6.85

03-Feb-31

1.08

Simple

Crisil AAA/Stable

INE134E07DR6

Non-Convertible Debentures

03-Feb-26

6.90

03-Feb-31

2.95

Simple

Crisil AAA/Stable

INE134E07DS4

Non-Convertible Debentures

03-Feb-26

7.05

02-Feb-41

7.61

Simple

Crisil AAA/Stable

INE134E07DT2

Non-Convertible Debentures

03-Feb-26

7.20

02-Feb-41

10.61

Simple

Crisil AAA/Stable

INE134E07DU0

Non-Convertible Debentures

03-Feb-26

7.30

02-Feb-41

21.83

Simple

Crisil AAA/Stable

INE134E07DV8

Non-Convertible Debentures

03-Feb-26

Zero Interest

03-Mar-36

511.71

Simple

Crisil AAA/Stable

INE134E07DW6

Non-Convertible Debentures

03-Feb-26

Zero Interest

03-Mar-36

266.47

Simple

Crisil AAA/Stable

INE134E07DX4

Non-Convertible Debentures

03-Feb-26

Zero Interest

03-Mar-36

81.8

Simple

Crisil AAA/Stable

INE134E08NZ6

Non-Convertible Debentures

16-Feb-26

7.24

17-Feb-31

2,000.00

Simple

Crisil AAA/Stable

INE134E08OB5

Non-Convertible Debentures

02-Mar-26

7.31

03-Mar-36

3,000.00

Simple

Crisil AAA/Stable

INE134E08OC3

Non-Convertible Debentures

02-Mar-26

6.96

02-Mar-28

3,000.00

Simple

Crisil AAA/Stable

INE134E08OA7

Non-Convertible Debentures

16-Feb-26

6.92

16-Feb-28

2,000.00

Simple

Crisil AAA/Stable

INE134E08NV5

Perpetual Non Convertible Debentures

21-Jul-25

7.43

31-Dec-99

475

Highly Complex

Crisil AAA/Stable

US73928QAA67

Foreign Currency Bond

06-Dec-18

6.15

06-Dec-28

4,495.99

Simple

Crisil AAA/Stable

US73928QAB41

Foreign Currency Bond

23-Jan-20

3.95

23-Apr-30

899.2

Simple

Crisil AAA/Stable

US73928QAB41

Foreign Currency Bond

23-Jan-20

3.95

23-Apr-30

5,395.19

Simple

Crisil AAA/Stable

US73928QAB41

Foreign Currency Bond

23-Jan-20

3.95

23-Apr-30

384.79

Simple

Crisil AAA/Stable

US73928QAB41

Foreign Currency Bond

23-Jan-20

3.95

23-Apr-30

64.81

Simple

Crisil AAA/Stable

XS1725342288

Foreign Currency Bond

06-Dec-17

3.75

06-Dec-27

899.2

Simple

Crisil AAA/Stable

XS1725342288

Foreign Currency Bond

06-Dec-17

3.75

06-Dec-27

2,650.91

Simple

Crisil AAA/Stable

XS1725342288

Foreign Currency Bond

06-Dec-17

3.75

06-Dec-27

46.69

Simple

Crisil AAA/Stable

XS1864036576

Foreign Currency Bond

10-Aug-18

5.25

10-Aug-28

2,697.59

Simple

Crisil AAA/Stable

XS2013531061

Foreign Currency Bond

18-Jun-19

4.50

18-Jun-29

5,395.19

Simple

Crisil AAA/Stable

XS2051369671

Foreign Currency Bond

16-Sep-19

3.90

16-Sep-29

3,596.79

Simple

Crisil AAA/Stable

XS2051369671

Foreign Currency Bond

16-Sep-19

3.90

16-Sep-29

449.6

Simple

Crisil AAA/Stable

XS2282240907

Foreign Currency Bond

28-Jan-21

3.35

16-May-31

4,495.99

Simple

Crisil AAA/Stable

XS2384373341

Foreign Currency Bond

20-Sep-21

1.84

21-Sep-28

3,166.67

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Asian Development Bank)

08-Feb-08

NA

15-Apr-26

2.48

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Asian Development Bank)

20-Feb-08

NA

15-Oct-26

5.45

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Asian Development Bank)

16-Apr-08

NA

15-Apr-27

3.76

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Asian Development Bank)

15-May-08

NA

15-Apr-27

0.89

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Asian Development Bank)

14-Jul-08

NA

15-Oct-27

3.15

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Asian Development Bank)

04-Aug-08

NA

15-Apr-28

2.08

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Asian Development Bank)

05-Sep-08

NA

15-Oct-28

1.08

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Axis Bank)

21-Nov-24

NA

21-Nov-29

89.92

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan(Bank of Baroda)

30-Nov-21

NA

30-Nov-26

1,348.80

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan(Bank of Baroda)

25-Sep-23

NA

25-Sep-28

2,248.00

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan(Bank of Baroda)

27-Sep-23

NA

27-Sep-28

2,248.00

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan(Bank of Baroda)

25-Mar-25

NA

25-Mar-30

387.28

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of China)

28-Dec-22

NA

28-Dec-26

212.45

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of China)

28-Dec-22

NA

28-Dec-27

212.45

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of China)

28-Dec-22

NA

28-Dec-28

212.45

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Fukuoka)

26-Sep-24

NA

20-Jan-26

1.6

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Fukuoka)

26-Sep-24

NA

20-Jul-26

1.6

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Fukuoka)

26-Sep-24

NA

20-Jan-27

1.6

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Fukuoka)

26-Sep-24

NA

20-Jul-27

1.6

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Fukuoka)

26-Sep-24

NA

20-Jan-28

1.6

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Fukuoka)

26-Sep-24

NA

20-Jul-28

1.6

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Fukuoka)

26-Sep-24

NA

20-Jan-29

1.6

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Fukuoka)

26-Sep-24

NA

20-Jul-29

1.6

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Fukuoka)

26-Sep-24

NA

20-Jan-30

1.6

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Fukuoka)

26-Sep-24

NA

20-Jul-30

1.6

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Fukuoka)

26-Sep-24

NA

20-Jan-31

1.6

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Fukuoka)

26-Sep-24

NA

20-Jul-31

1.6

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Fukuoka)

26-Sep-24

NA

20-Jan-32

1.6

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Fukuoka)

26-Sep-24

NA

20-Jul-32

1.6

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Fukuoka)

26-Sep-24

NA

20-Jan-33

1.6

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Fukuoka)

26-Sep-24

NA

20-Jul-33

1.6

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Fukuoka)

26-Sep-24

NA

20-Jan-34

1.6

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Fukuoka)

26-Sep-24

NA

20-Jul-34

1.6

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Fukuoka)

26-Sep-24

NA

20-Jan-35

1.6

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Fukuoka)

26-Sep-24

NA

20-Jul-35

1.6

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Fukuoka)

26-Sep-24

NA

20-Jan-36

1.6

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Fukuoka)

26-Sep-24

NA

20-Jul-36

1.6

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Fukuoka)

26-Sep-24

NA

20-Jan-37

1.6

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Fukuoka)

26-Sep-24

NA

20-Jul-37

1.6

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Fukuoka)

26-Sep-24

NA

20-Jan-38

1.6

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Fukuoka)

26-Sep-24

NA

20-Jul-38

1.6

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Fukuoka)

26-Sep-24

NA

20-Jan-39

1.6

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Fukuoka)

26-Sep-24

NA

20-Jul-39

1.6

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Fukuoka)

26-Sep-24

NA

20-Jan-40

1.6

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Fukuoka)

26-Sep-24

NA

20-Jul-40

1.6

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Fukuoka)

26-Sep-24

NA

20-Jan-41

1.6

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Fukuoka)

26-Sep-24

NA

20-Jul-41

1.6

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Fukuoka)

26-Sep-24

NA

20-Jan-42

1.6

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Fukuoka)

26-Sep-24

NA

18-Jul-42

0.73

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of India)

19-Dec-23

NA

19-Dec-28

449.6

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of India)

22-Mar-24

NA

22-Mar-29

1,348.80

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Phillipe Island)

22-Mar-24

NA

22-Mar-31

100.49

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Yokohama)

26-Sep-24

NA

20-Jan-26

3.99

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Yokohama)

26-Sep-24

NA

20-Jul-26

3.99

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Yokohama)

26-Sep-24

NA

20-Jan-27

3.99

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Yokohama)

26-Sep-24

NA

20-Jul-27

3.99

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Yokohama)

26-Sep-24

NA

20-Jan-28

3.99

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Yokohama)

26-Sep-24

NA

20-Jul-28

3.99

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Yokohama)

26-Sep-24

NA

20-Jan-29

3.99

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Yokohama)

26-Sep-24

NA

20-Jul-29

3.99

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Yokohama)

26-Sep-24

NA

20-Jan-30

3.99

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Yokohama)

26-Sep-24

NA

20-Jul-30

3.99

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Yokohama)

26-Sep-24

NA

20-Jan-31

3.99

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Yokohama)

26-Sep-24

NA

20-Jul-31

3.99

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Yokohama)

26-Sep-24

NA

20-Jan-32

3.99

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Yokohama)

26-Sep-24

NA

20-Jul-32

3.99

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Yokohama)

26-Sep-24

NA

20-Jan-33

3.99

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Yokohama)

26-Sep-24

NA

20-Jul-33

3.99

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Yokohama)

26-Sep-24

NA

20-Jan-34

3.99

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Yokohama)

26-Sep-24

NA

20-Jul-34

3.99

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Yokohama)

26-Sep-24

NA

20-Jan-35

3.99

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Yokohama)

26-Sep-24

NA

20-Jul-35

3.99

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Yokohama)

26-Sep-24

NA

20-Jan-36

3.99

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Yokohama)

26-Sep-24

NA

20-Jul-36

3.99

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Yokohama)

26-Sep-24

NA

20-Jan-37

3.99

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Yokohama)

26-Sep-24

NA

20-Jul-37

3.99

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Yokohama)

26-Sep-24

NA

20-Jan-38

3.99

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Yokohama)

26-Sep-24

NA

20-Jul-38

3.99

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Yokohama)

26-Sep-24

NA

20-Jan-39

3.99

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Yokohama)

26-Sep-24

NA

20-Jul-39

3.99

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Yokohama)

26-Sep-24

NA

20-Jan-40

3.99

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Yokohama)

26-Sep-24

NA

20-Jul-40

3.99

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Yokohama)

26-Sep-24

NA

20-Jan-41

3.99

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Yokohama)

26-Sep-24

NA

20-Jul-41

3.99

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Yokohama)

26-Sep-24

NA

20-Jan-42

3.99

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Bank of Yokohama)

26-Sep-24

NA

18-Jul-42

1.83

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Canara Bank)

30-Nov-21

NA

30-Nov-26

899.2

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Canara Bank)

21-Nov-24

NA

21-Nov-29

899.2

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Canara Bank)

25-Mar-25

NA

25-Mar-30

387.28

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Chang Hwa Commercial Bank)

05-Jan-23

NA

05-Jan-30

172.26

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Chang Hwa Commercial Bank)

22-Mar-24

NA

22-Mar-31

57.42

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Crédit Agricole Corporate and Investment Bank)

28-Dec-22

NA

28-Dec-26

94.86

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Crédit Agricole Corporate and Investment Bank)

28-Dec-22

NA

28-Dec-27

94.86

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Crédit Agricole Corporate and Investment Bank)

28-Dec-22

NA

28-Dec-28

94.86

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Crédit Agricole Corporate and Investment Bank)

21-Mar-25

NA

21-Mar-30

1,282.82

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan(Credit National)

29-Apr-89

NA

30-Jun-28

1.25

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (DBS Bank)

22-Mar-24

NA

22-Mar-29

899.2

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (DBS Bank)

25-Mar-25

NA

25-Mar-30

314.72

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (DBS Bank)

25-Mar-25

NA

25-Mar-30

855.74

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Deutsche Bank)

26-Sep-24

NA

26-Sep-29

1,649.27

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Deutsche Bank)

27-Mar-25

NA

27-Mar-30

2,147.80

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (EXIM Bank)

30-Nov-21

NA

30-Nov-26

899.2

Simple

Crisil A1+

NA

Foreign Currency Term Loan (Export Finance Australia)

30-Oct-25

NA

30-Oct-29

124.5

Simple

Crisil A1+

NA

Foreign Currency Term Loan (Export Finance Australia)

30-Oct-25

NA

30-Apr-30

124.5

Simple

Crisil A1+

NA

Foreign Currency Term Loan (Export Finance Australia)

30-Oct-25

NA

30-Oct-30

124.5

Simple

Crisil A1+

NA

Foreign Currency Term Loan (Export Finance Australia)

30-Oct-25

NA

30-Apr-31

124.5

Simple

Crisil A1+

NA

Foreign Currency Term Loan (Export Finance Australia)

30-Oct-25

NA

30-Oct-31

124.5

Simple

Crisil A1+

NA

Foreign Currency Term Loan (Export Finance Australia)

30-Oct-25

NA

30-Apr-32

124.5

Simple

Crisil A1+

NA

Foreign Currency Term Loan (Export Finance Australia)

30-Oct-25

NA

30-Oct-32

124.5

Simple

Crisil A1+

NA

Foreign Currency Term Loan (Export Finance Australia)

30-Oct-25

NA

30-Apr-33

124.5

Simple

Crisil A1+

NA

Foreign Currency Term Loan (Export Finance Australia)

30-Oct-25

NA

30-Oct-33

124.5

Simple

Crisil A1+

NA

Foreign Currency Term Loan (Export Finance Australia)

30-Oct-25

NA

30-Apr-34

124.5

Simple

Crisil A1+

NA

Foreign Currency Term Loan (Export Finance Australia)

30-Oct-25

NA

30-Oct-34

124.5

Simple

Crisil A1+

NA

Foreign Currency Term Loan (Export Finance Australia)

30-Oct-25

NA

30-Apr-35

124.5

Simple

Crisil A1+

NA

Foreign Currency Term Loan (Export Finance Australia)

30-Oct-25

NA

30-Oct-35

124.51

Simple

Crisil A1+

NA

Foreign Currency Term Loan (Gunma Bank)

28-Dec-22

NA

28-Dec-26

38.28

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Gunma Bank)

28-Dec-22

NA

28-Dec-27

38.28

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Gunma Bank)

28-Dec-22

NA

28-Dec-28

38.28

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (HSBC Bank)

19-Dec-23

NA

19-Dec-28

1,798.40

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (HSBC Bank)

18-Jun-24

NA

18-Jun-36

2,111.11

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (IDBI Bank)

19-Dec-23

NA

19-Dec-28

899.2

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (IDBI Bank)

21-Nov-24

NA

21-Nov-29

899.2

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (IIFCL UK)

28-Mar-25

NA

28-Mar-30

899.2

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Indian Bank Gift City)

21-Nov-24

NA

21-Nov-29

584.48

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Indian Bank Singapore Branch)

21-Nov-24

NA

21-Nov-29

674.4

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

20-Jun-23

NA

20-Apr-26

3.15

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

20-Jun-23

NA

20-Oct-26

3.15

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

20-Jun-23

NA

20-Apr-27

3.15

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

20-Jun-23

NA

20-Oct-27

3.15

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

20-Jun-23

NA

20-Apr-28

3.15

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

20-Jun-23

NA

20-Oct-28

3.15

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

20-Jun-23

NA

20-Apr-29

3.15

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

20-Jun-23

NA

20-Oct-29

3.15

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

20-Jun-23

NA

20-Apr-30

3.15

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

20-Jun-23

NA

20-Oct-30

3.15

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

20-Jun-23

NA

20-Apr-31

3.15

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

20-Jun-23

NA

20-Oct-31

3.15

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

20-Jun-23

NA

20-Apr-32

3.15

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

20-Jun-23

NA

20-Oct-32

3.15

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

20-Jun-23

NA

20-Apr-33

3.15

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

20-Jun-23

NA

20-Oct-33

3.15

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

20-Jun-23

NA

20-Apr-34

3.15

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

20-Jun-23

NA

20-Oct-34

2.61

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

26-Sep-24

NA

20-Jan-26

21.53

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

26-Sep-24

NA

20-Jul-26

21.53

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

26-Sep-24

NA

20-Jan-27

21.53

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

26-Sep-24

NA

20-Jul-27

21.53

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

26-Sep-24

NA

20-Jan-28

21.53

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

26-Sep-24

NA

20-Jul-28

21.53

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

26-Sep-24

NA

20-Jan-29

21.53

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

26-Sep-24

NA

20-Jul-29

21.53

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

26-Sep-24

NA

20-Jan-30

21.53

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

26-Sep-24

NA

20-Jul-30

21.53

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

26-Sep-24

NA

20-Jan-31

21.53

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

26-Sep-24

NA

20-Jul-31

21.53

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

26-Sep-24

NA

20-Jan-32

21.53

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

26-Sep-24

NA

20-Jul-32

21.53

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

26-Sep-24

NA

20-Jan-33

21.53

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

26-Sep-24

NA

20-Jul-33

21.53

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

26-Sep-24

NA

20-Jan-34

21.53

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

26-Sep-24

NA

20-Jul-34

21.53

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

26-Sep-24

NA

20-Jan-35

21.53

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

26-Sep-24

NA

20-Jul-35

21.53

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

26-Sep-24

NA

20-Jan-36

21.53

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

26-Sep-24

NA

20-Jul-36

21.53

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

26-Sep-24

NA

20-Jan-37

21.53

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

26-Sep-24

NA

20-Jul-37

21.53

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

26-Sep-24

NA

20-Jan-38

21.53

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

26-Sep-24

NA

20-Jul-38

21.53

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

26-Sep-24

NA

20-Jan-39

21.53

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

26-Sep-24

NA

20-Jul-39

21.53

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

26-Sep-24

NA

20-Jan-40

21.53

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

26-Sep-24

NA

20-Jul-40

21.53

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

26-Sep-24

NA

20-Jan-41

21.53

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

26-Sep-24

NA

20-Jul-41

21.53

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

26-Sep-24

NA

20-Jan-42

21.53

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

26-Sep-24

NA

18-Jul-42

2.83

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

10-Nov-25

NA

15-Jan-26

139.01

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

10-Nov-25

NA

15-Jul-26

139.01

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

10-Nov-25

NA

15-Jan-27

139.01

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

10-Nov-25

NA

15-Jul-27

139.01

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

10-Nov-25

NA

15-Jan-28

139.01

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

10-Nov-25

NA

15-Jul-28

139.01

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

10-Nov-25

NA

15-Jan-29

139.01

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

10-Nov-25

NA

15-Jul-29

139.01

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

10-Nov-25

NA

15-Jan-30

139.01

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

10-Nov-25

NA

15-Jul-30

139.01

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

10-Nov-25

NA

15-Jan-31

139.01

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

10-Nov-25

NA

15-Jul-31

139.01

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

10-Nov-25

NA

15-Jan-32

139.01

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

10-Nov-25

NA

15-Jul-32

139.01

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

10-Nov-25

NA

15-Jan-33

139.01

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

10-Nov-25

NA

15-Jul-33

139.01

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

10-Nov-25

NA

15-Jan-34

139.01

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

10-Nov-25

NA

15-Jul-34

139.01

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

10-Nov-25

NA

15-Jan-35

139.01

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

10-Nov-25

NA

15-Jul-35

139.01

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

10-Nov-25

NA

15-Jan-36

139.01

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

10-Nov-25

NA

15-Jul-36

139.01

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

10-Nov-25

NA

15-Jan-37

139.01

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (JBIC Bank)

10-Nov-25

NA

10-May-37

139.01

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (KFW)

19-Jun-95

NA

30-Jun-35

37.49

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (KFW)

13-Nov-25

NA

15-May-26

14.58

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (KFW)

13-Nov-25

NA

15-Nov-26

14.58

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (KFW)

13-Nov-25

NA

15-May-27

14.58

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (KFW)

13-Nov-25

NA

15-Nov-27

14.58

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (KFW)

13-Nov-25

NA

15-May-28

14.58

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (KFW)

13-Nov-25

NA

15-Nov-28

14.58

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (KFW)

13-Nov-25

NA

15-May-29

14.58

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (KFW)

13-Nov-25

NA

15-Nov-29

14.58

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (KFW)

13-Nov-25

NA

15-May-30

14.58

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (KFW)

13-Nov-25

NA

15-Nov-30

14.58

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (KFW)

13-Nov-25

NA

15-May-31

14.58

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (KFW)

13-Nov-25

NA

15-Nov-31

14.58

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (KFW)

13-Nov-25

NA

15-May-32

14.58

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (KFW)

13-Nov-25

NA

15-Nov-32

14.58

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (KFW)

13-Nov-25

NA

15-May-33

14.58

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (KFW)

13-Nov-25

NA

13-Nov-33

14.58

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (KFW)

03-Jan-23

NA

15-Nov-31

529.17

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (MUFG Bank of Tokyo)

28-Dec-22

NA

28-Dec-26

216.05

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (MUFG Bank of Tokyo)

28-Dec-22

NA

28-Dec-27

216.05

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (MUFG Bank of Tokyo)

28-Dec-22

NA

28-Dec-28

216.05

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (MUFG Bank of Tokyo)

21-Nov-24

NA

21-Nov-29

449.6

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (The Norinchukin Bank)

28-Dec-22

NA

28-Dec-26

95.7

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (The Norinchukin Bank)

28-Dec-22

NA

28-Dec-27

95.7

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (The Norinchukin Bank)

28-Dec-22

NA

28-Dec-28

95.7

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (The Norinchukin Bank)

22-Mar-24

NA

22-Mar-31

157.91

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (NTT TC Leasing Co.)

05-Jan-23

NA

05-Jan-30

229.68

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (State Bank of India, Gift City)

23-Dec-25

NA

23-Jun-30

4,054.29

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (State Bank of India, Shinsei)

28-Dec-22

NA

28-Dec-26

38.28

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (State Bank of India, Shinsei)

28-Dec-22

NA

28-Dec-27

38.28

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (State Bank of India, Shinsei)

28-Dec-22

NA

28-Dec-28

38.28

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (State Bank of India, Shinsei)

05-Jan-23

NA

05-Jan-30

114.84

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (State Bank of India, Shinsei)

22-Mar-24

NA

22-Mar-31

71.78

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Shiga Bank)

26-Sep-24

NA

20-Jan-26

2.39

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Shiga Bank)

26-Sep-24

NA

20-Jul-26

2.39

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Shiga Bank)

26-Sep-24

NA

20-Jan-27

2.39

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Shiga Bank)

26-Sep-24

NA

20-Jul-27

2.39

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Shiga Bank)

26-Sep-24

NA

20-Jan-28

2.39

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Shiga Bank)

26-Sep-24

NA

20-Jul-28

2.39

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Shiga Bank)

26-Sep-24

NA

20-Jan-29

2.39

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Shiga Bank)

26-Sep-24

NA

20-Jul-29

2.39

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Shiga Bank)

26-Sep-24

NA

20-Jan-30

2.39

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Shiga Bank)

26-Sep-24

NA

20-Jul-30

2.39

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Shiga Bank)

26-Sep-24

NA

20-Jan-31

2.39

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Shiga Bank)

26-Sep-24

NA

20-Jul-31

2.39

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Shiga Bank)

26-Sep-24

NA

20-Jan-32

2.39

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Shiga Bank)

26-Sep-24

NA

20-Jul-32

2.39

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Shiga Bank)

26-Sep-24

NA

20-Jan-33

2.39

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Shiga Bank)

26-Sep-24

NA

20-Jul-33

2.39

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Shiga Bank)

26-Sep-24

NA

20-Jan-34

2.39

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Shiga Bank)

26-Sep-24

NA

20-Jul-34

2.39

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Shiga Bank)

26-Sep-24

NA

20-Jan-35

2.39

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Shiga Bank)

26-Sep-24

NA

20-Jul-35

2.39

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Shiga Bank)

26-Sep-24

NA

20-Jan-36

2.39

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Shiga Bank)

26-Sep-24

NA

20-Jul-36

2.39

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Shiga Bank)

26-Sep-24

NA

20-Jan-37

2.39

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Shiga Bank)

26-Sep-24

NA

20-Jul-37

2.39

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Shiga Bank)

26-Sep-24

NA

20-Jan-38

2.39

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Shiga Bank)

26-Sep-24

NA

20-Jul-38

2.39

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Shiga Bank)

26-Sep-24

NA

20-Jan-39

2.39

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Shiga Bank)

26-Sep-24

NA

20-Jul-39

2.39

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Shiga Bank)

26-Sep-24

NA

20-Jan-40

2.39

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Shiga Bank)

26-Sep-24

NA

20-Jul-40

2.39

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Shiga Bank)

26-Sep-24

NA

20-Jan-41

2.39

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Shiga Bank)

26-Sep-24

NA

20-Jul-41

2.39

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Shiga Bank)

26-Sep-24

NA

20-Jan-42

2.39

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Shiga Bank)

26-Sep-24

NA

18-Jul-42

1.1

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Sumitomo Mitsui Banking Corporation)

20-Jun-23

NA

20-Apr-26

2.1

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Sumitomo Mitsui Banking Corporation)

20-Jun-23

NA

20-Oct-26

2.1

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Sumitomo Mitsui Banking Corporation)

27-Mar-24

NA

20-Apr-27

2.1

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Sumitomo Mitsui Banking Corporation)

27-Mar-24

NA

20-Oct-27

2.1

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Sumitomo Mitsui Banking Corporation)

27-Mar-24

NA

20-Apr-28

2.1

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Sumitomo Mitsui Banking Corporation)

27-Mar-24

NA

20-Oct-28

2.1

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Sumitomo Mitsui Banking Corporation)

27-Mar-24

NA

20-Apr-29

2.1

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Sumitomo Mitsui Banking Corporation)

27-Mar-24

NA

20-Oct-29

2.1

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Sumitomo Mitsui Banking Corporation)

27-Mar-24

NA

20-Apr-30

2.1

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Sumitomo Mitsui Banking Corporation)

27-Mar-24

NA

20-Oct-30

2.1

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Sumitomo Mitsui Banking Corporation)

27-Mar-24

NA

20-Apr-31

2.1

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Sumitomo Mitsui Banking Corporation)

27-Mar-24

NA

20-Oct-31

2.1

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Sumitomo Mitsui Banking Corporation)

27-Mar-24

NA

20-Apr-32

2.1

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Sumitomo Mitsui Banking Corporation)

27-Mar-24

NA

20-Oct-32

2.1

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Sumitomo Mitsui Banking Corporation)

27-Mar-24

NA

20-Apr-33

2.1

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Sumitomo Mitsui Banking Corporation)

27-Mar-24

NA

20-Oct-33

2.1

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Sumitomo Mitsui Banking Corporation)

27-Mar-24

NA

20-Apr-34

2.1

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Sumitomo Mitsui Banking Corporation)

27-Mar-24

NA

20-Oct-34

1.74

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Sumitomo Mitsui Banking Corporation)

16-May-24

NA

20-Jan-26

1.47

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Sumitomo Mitsui Banking Corporation)

22-Mar-24

NA

22-Jun-29

435.06

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Sumitomo Mitsui Banking Corporation)

22-Mar-24

NA

22-Mar-31

759.68

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Sumitomo Mitsui Banking Corporation)

26-Sep-24

NA

26-Sep-29

1,360.65

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Sumitomo Mitsui Banking Corporation)

26-Sep-24

NA

20-Jan-26

11.17

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Sumitomo Mitsui Banking Corporation)

26-Sep-24

NA

20-Jul-26

11.17

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Sumitomo Mitsui Banking Corporation)

26-Sep-24

NA

20-Jan-27

11.17

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Sumitomo Mitsui Banking Corporation)

26-Sep-24

NA

20-Jul-27

11.17

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Sumitomo Mitsui Banking Corporation)

26-Sep-24

NA

20-Jan-28

11.17

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Sumitomo Mitsui Banking Corporation)

26-Sep-24

NA

20-Jul-28

11.17

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Sumitomo Mitsui Banking Corporation)

26-Sep-24

NA

20-Jan-29

11.17

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Sumitomo Mitsui Banking Corporation)

26-Sep-24

NA

20-Jul-29

11.17

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Sumitomo Mitsui Banking Corporation)

26-Sep-24

NA

20-Jan-30

11.17

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Sumitomo Mitsui Banking Corporation)

26-Sep-24

NA

20-Jul-30

11.17

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Sumitomo Mitsui Banking Corporation)

26-Sep-24

NA

20-Jan-31

11.17

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Sumitomo Mitsui Banking Corporation)

26-Sep-24

NA

20-Jul-31

11.17

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Sumitomo Mitsui Banking Corporation)

26-Sep-24

NA

20-Jan-32

11.17

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Sumitomo Mitsui Banking Corporation)

26-Sep-24

NA

20-Jul-32

11.17

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Sumitomo Mitsui Banking Corporation)

26-Sep-24

NA

20-Jan-33

11.17

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Sumitomo Mitsui Banking Corporation)

26-Sep-24

NA

20-Jul-33

11.17

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Sumitomo Mitsui Banking Corporation)

26-Sep-24

NA

20-Jan-34

11.17

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Sumitomo Mitsui Banking Corporation)

26-Sep-24

NA

20-Jul-34

11.17

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Sumitomo Mitsui Banking Corporation)

26-Sep-24

NA

20-Jan-35

11.17

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Sumitomo Mitsui Banking Corporation)

26-Sep-24

NA

20-Jul-35

11.17

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Sumitomo Mitsui Banking Corporation)

26-Sep-24

NA

20-Jan-36

11.17

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Sumitomo Mitsui Banking Corporation)

26-Sep-24

NA

20-Jul-36

11.17

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Sumitomo Mitsui Banking Corporation)

26-Sep-24

NA

20-Jan-37

11.17

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Sumitomo Mitsui Banking Corporation)

26-Sep-24

NA

20-Jul-37

11.17

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Sumitomo Mitsui Banking Corporation)

26-Sep-24

NA

20-Jan-38

11.17

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Sumitomo Mitsui Banking Corporation)

26-Sep-24

NA

20-Jul-38

11.17

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Sumitomo Mitsui Banking Corporation)

26-Sep-24

NA

20-Jan-39

11.17

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Sumitomo Mitsui Banking Corporation)

26-Sep-24

NA

20-Jul-39

11.17

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Sumitomo Mitsui Banking Corporation)

26-Sep-24

NA

20-Jan-40

11.17

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Sumitomo Mitsui Banking Corporation)

26-Sep-24

NA

20-Jul-40

11.17

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Sumitomo Mitsui Banking Corporation)

26-Sep-24

NA

20-Jan-41

11.17

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Sumitomo Mitsui Banking Corporation)

26-Sep-24

NA

20-Jul-41

11.17

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Sumitomo Mitsui Banking Corporation)

26-Sep-24

NA

20-Jan-42

11.17

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Sumitomo Mitsui Banking Corporation)

26-Sep-24

NA

18-Jul-42

5.13

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (State Bank of India)

30-Nov-21

NA

30-Nov-26

2,472.79

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (State Bank of India)

19-Dec-23

NA

19-Dec-28

2,248.00

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (State Bank of India)

26-Sep-24

NA

26-Sep-29

2,378.45

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (State Bank of India)

24-Dec-24

NA

24-Dec-29

2,378.45

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (State Bank of India)

28-Mar-25

NA

28-Mar-26

2,248.00

Simple

Crisil A1+

NA

Foreign Currency Term Loan (State Bank of India, Hong Kong Branch)

28-Dec-22

NA

28-Dec-26

1,011.72

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (State Bank of India, Hong Kong Branch)

28-Dec-22

NA

28-Dec-27

1,011.72

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (State Bank of India, Hong Kong Branch)

28-Dec-22

NA

28-Dec-28

1,012.02

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Sumitomo Mitsui Banking Corporation)

05-Jan-23

NA

05-Jan-30

847.63

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Taishin International Bank)

22-Mar-24

NA

22-Mar-31

57.42

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Taiwan Cooperative Bank)

05-Jan-23

NA

05-Jan-30

172.26

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (The Koread Development Bank, Singapore)

25-Mar-25

NA

25-Mar-30

359.68

Simple

Crisil AAA/Stable

NA

Foreign Currency Term Loan (Union Bank of India)

06-Feb-25

NA

06-Feb-30

899.2

Simple

Crisil AAA/Stable

NA

Working Capital Demand Loan (Mizuho Bank)

NA

NA

NA

250

Simple

Crisil AAA/Stable

NA

Working Capital Demand Loan (IDFC First Bank)

NA

NA

NA

350

Simple

Crisil AAA/Stable

NA

Working Capital Demand Loan (ICICI Bank)

NA

NA

NA

6,000.00

Simple

Crisil AAA/Stable

NA

Working Capital Demand Loan (HDFC Bank)

NA

NA

NA

3,500.00

Simple

Crisil AAA/Stable

NA

Working Capital Demand Loan (Yes Bank)

NA

NA

NA

300

Simple

Crisil AAA/Stable

NA

Working Capital Demand Loan (RBL Bank)

NA

NA

NA

300

Simple

Crisil AAA/Stable

NA

Working Capital Demand Loan (Union Bank of India)

NA

NA

NA

2,000.00

Simple

Crisil AAA/Stable

NA

Working Capital Demand Loan (Sumitomo Mitsui Banking Corporation)

NA

NA

NA

240

Simple

Crisil AAA/Stable

NA

Working Capital Demand Loan (State Bank of India)

NA

NA

NA

5,500.00

Simple

Crisil AAA/Stable

NA

Short Term Bank Facility (State Bank of India)

NA

NA

NA

500

Simple

Crisil A1+

NA

Short Term Loan (IndusInd Bank)

NA

NA

23-Feb-26

446.5

Simple

Crisil A1+

NA

Short Term Loan (ICICI Bank)

NA

NA

26-Mar-26

2000

Simple

Crisil A1+

NA

Short Term Loan (ICICI Bank)

NA

NA

30-Sep-26

2000

Simple

Crisil A1+

NA

Short Term Loan (Central Bank of India)

NA

NA

31-Dec-26

1000

Simple

Crisil A1+

NA

Long Term Loan (Bank of Baroda)

NA

NA

23-Oct-26

1,470.30

Simple

Crisil AAA/Stable

NA

Long Term Loan (Bank of Baroda)

NA

NA

30-Oct-26

1,400.00

Simple

Crisil AAA/Stable

NA

Long Term Loan (Bank of Baroda)

NA

NA

30-Oct-26

1,029.70

Simple

Crisil AAA/Stable

NA

Long Term Loan (Bank of Baroda)

NA

NA

17-Nov-29

1,500.00

Simple

Crisil AAA/Stable

NA

Long Term Loan (Bank of Baroda)

NA

NA

17-Nov-29

500

Simple

Crisil AAA/Stable

NA

Long Term Loan (Bank of Baroda)

NA

NA

17-Nov-29

850

Simple

Crisil AAA/Stable

NA

Long Term Loan (Bank of Baroda)

NA

NA

17-Nov-29

1,100.00

Simple

Crisil AAA/Stable

NA

Long Term Loan (Bank of Baroda)

NA

NA

17-Nov-29

1,050.00

Simple

Crisil AAA/Stable

NA

Long Term Loan (Bank of India)

NA

NA

25-Feb-28

1,500.00

Simple

Crisil AAA/Stable

NA

Long Term Loan (Bank of India)

NA

NA

30-Sep-28

2,000.00

Simple

Crisil AAA/Stable

NA

Long Term Loan (Bank of India)

NA

NA

18-Sep-28

30

Simple

Crisil AAA/Stable

NA

Long Term Loan (Bank of India)

NA

NA

18-Sep-28

60

Simple

Crisil AAA/Stable

NA

Long Term Loan (Bank of India)

NA

NA

18-Sep-28

30

Simple

Crisil AAA/Stable

NA

Long Term Loan (Bank of India)

NA

NA

18-Sep-28

180

Simple

Crisil AAA/Stable

NA

Long Term Loan (Bank of India)

NA

NA

02-Mar-27

420.39

Simple

Crisil AAA/Stable

NA

Long Term Loan (Bank of India)

NA

NA

02-Mar-27

971.91

Simple

Crisil AAA/Stable

NA

Long Term Loan (Bank of India)

NA

NA

02-Mar-27

63.43

Simple

Crisil AAA/Stable

NA

Long Term Loan (Bank of India)

NA

NA

02-Mar-27

544.27

Simple

Crisil AAA/Stable

NA

Long Term Loan (Bank of India)

NA

NA

11-Sep-26

250

Simple

Crisil AAA/Stable

NA

Long Term Loan (Canara Bank)

NA

NA

22-Sep-26

200

Simple

Crisil AAA/Stable

NA

Long Term Loan (Canara Bank)

NA

NA

29-Jun-27

750

Simple

Crisil AAA/Stable

NA

Long Term Loan (Canara Bank)

NA

NA

29-Jun-27

758.55

Simple

Crisil AAA/Stable

NA

Long Term Loan (Canara Bank)

NA

NA

30-Sep-27

2,306.20

Simple

Crisil AAA/Stable

NA

Long Term Loan (Canara Bank)

NA

NA

30-Apr-27

1,500.00

Simple

Crisil AAA/Stable

NA

Long Term Loan (Canara Bank)

NA

NA

28-Jun-28

2,250.00

Simple

Crisil AAA/Stable

NA

Long Term Loan (Canara Bank)

NA

NA

30-Jun-28

250

Simple

Crisil AAA/Stable

NA

Long Term Loan (Central Bank)

NA

NA

30-Nov-26

1,500.00

Simple

Crisil AAA/Stable

NA

Long Term Loan (Central Bank)

NA

NA

31-Jan-27

500

Simple

Crisil AAA/Stable

NA

Long Term Loan (Central Bank)

NA

NA

31-Mar-27

1,000.00

Simple

Crisil AAA/Stable

NA

Long Term Loan (HDFC Bank)

NA

NA

05-Jul-28

2,627.00

Simple

Crisil AAA/Stable

NA

Long Term Loan (HDFC Bank)

NA

NA

25-Sep-30

1,626.22

Simple

Crisil AAA/Stable

NA

Long Term Loan (HDFC Bank)

NA

NA

05-Sep-30

1,124.70

Simple

Crisil AAA/Stable

NA

Long Term Loan (HDFC Bank)

NA

NA

05-Jul-28

35

Simple

Crisil AAA/Stable

NA

Long Term Loan (HDFC Bank)

NA

NA

25-Sep-30

1,782.91

Simple

Crisil AAA/Stable

NA

Long Term Loan (HDFC Bank)

NA

NA

05-Sep-30

340.92

Simple

Crisil AAA/Stable

NA

Long Term Loan (HDFC Bank)

NA

NA

05-Jul-28

46

Simple

Crisil AAA/Stable

NA

Long Term Loan (HDFC Bank)

NA

NA

25-Sep-30

590.87

Simple

Crisil AAA/Stable

NA

Long Term Loan (HDFC Bank)

NA

NA

05-Sep-30

1,144.23

Simple

Crisil AAA/Stable

NA

Long Term Loan (HDFC Bank)

NA

NA

05-Jul-28

1,010.00

Simple

Crisil AAA/Stable

NA

Long Term Loan (HDFC Bank)

NA

NA

05-Sep-30

52.65

Simple

Crisil AAA/Stable

NA

Long Term Loan (HDFC Bank)

NA

NA

05-Jul-28

60.95

Simple

Crisil AAA/Stable

NA

Long Term Loan (HDFC Bank)

NA

NA

05-Jul-28

221.05

Simple

Crisil AAA/Stable

NA

Long Term Loan (Karnataka Bank)

NA

NA

29-Jun-26

250

Simple

Crisil AAA/Stable

NA

Long Term Loan (Karnataka Bank)

NA

NA

30-Aug-27

300

Simple

Crisil AAA/Stable

NA

Long Term Loan (Karnataka Bank)

NA

NA

08-Feb-26

24.57

Simple

Crisil AAA/Stable

NA

Long Term Loan (Karnataka Bank)

NA

NA

08-Feb-26

6.68

Simple

Crisil AAA/Stable

NA

Long Term Loan (Punjab National Bank)

NA

NA

27-Sep-26

75

Simple

Crisil AAA/Stable

NA

Long Term Loan (Punjab National Bank)

NA

NA

29-Sep-26

5

Simple

Crisil AAA/Stable

NA

Long Term Loan (Punjab National Bank)

NA

NA

27-Sep-26

425

Simple

Crisil AAA/Stable

NA

Long Term Loan (Punjab National Bank)

NA

NA

06-Dec-29

615

Simple

Crisil AAA/Stable

NA

Long Term Loan (Punjab National Bank)

NA

NA

07-May-30

1,000.00

Simple

Crisil AAA/Stable

NA

Long Term Loan (Punjab National Bank)

NA

NA

30-Apr-27

1,500.00

Simple

Crisil AAA/Stable

NA

Long Term Loan (Punjab National Bank)

NA

NA

06-Dec-29

385

Simple

Crisil AAA/Stable

NA

Long Term Loan (Punjab National Bank)

NA

NA

29-Sep-28

99.36

Simple

Crisil AAA/Stable

NA

Long Term Loan (Punjab National Bank)

NA

NA

29-Sep-28

828.66

Simple

Crisil AAA/Stable

NA

Long Term Loan (Punjab National Bank)

NA

NA

29-Sep-28

2,071.98

Simple

Crisil AAA/Stable

NA

Long Term Loan (Punjab & Sind Bank)

NA

NA

30-Mar-29

395.5

Simple

Crisil AAA/Stable

NA

Long Term Loan (Punjab & Sind Bank)

NA

NA

30-Mar-29

604.5

Simple

Crisil AAA/Stable

NA

Long Term Loan (State Bank of India)

NA

NA

30-Sep-33

1,225.86

Simple

Crisil AAA/Stable

NA

Long Term Loan (State Bank of India)

NA

NA

30-Sep-33

350.25

Simple

Crisil AAA/Stable

NA

Long Term Loan (State Bank of India)

NA

NA

30-Sep-33

356.95

Simple

Crisil AAA/Stable

NA

Long Term Loan (State Bank of India)

NA

NA

30-Sep-33

101.99

Simple

Crisil AAA/Stable

NA

Long Term Loan (State Bank of India)

NA

NA

30-Sep-33

1,022.89

Simple

Crisil AAA/Stable

NA

Long Term Loan (State Bank of India)

NA

NA

30-Sep-33

292.26

Simple

Crisil AAA/Stable

NA

Long Term Loan (State Bank of India)

NA

NA

30-Sep-33

1,538.22

Simple

Crisil AAA/Stable

NA

Long Term Loan (State Bank of India)

NA

NA

30-Sep-33

439.49

Simple

Crisil AAA/Stable

NA

Long Term Loan (State Bank of India)

NA

NA

30-Sep-33

805

Simple

Crisil AAA/Stable

NA

Long Term Loan (State Bank of India)

NA

NA

30-Sep-33

230

Simple

Crisil AAA/Stable

NA

Long Term Loan (State Bank of India)

NA

NA

30-Sep-33

86.23

Simple

Crisil AAA/Stable

NA

Long Term Loan (State Bank of India)

NA

NA

30-Sep-33

24.64

Simple

Crisil AAA/Stable

NA

Long Term Loan (State Bank of India)

NA

NA

30-Sep-33

190.65

Simple

Crisil AAA/Stable

NA

Long Term Loan (State Bank of India)

NA

NA

30-Sep-33

54.47

Simple

Crisil AAA/Stable

NA

Long Term Loan (State Bank of India)

NA

NA

30-Sep-33

499.7

Simple

Crisil AAA/Stable

NA

Long Term Loan (State Bank of India)

NA

NA

30-Sep-33

142.77

Simple

Crisil AAA/Stable

NA

Long Term Loan (State Bank of India)

NA

NA

30-Sep-33

180.57

Simple

Crisil AAA/Stable

NA

Long Term Loan (State Bank of India)

NA

NA

30-Sep-33

51.59

Simple

Crisil AAA/Stable

NA

Long Term Loan (State Bank of India)

NA

NA

30-Sep-33

607.68

Simple

Crisil AAA/Stable

NA

Long Term Loan (State Bank of India)

NA

NA

30-Sep-33

173.62

Simple

Crisil AAA/Stable

NA

Long Term Loan (State Bank of India)

NA

NA

30-Sep-33

302.91

Simple

Crisil AAA/Stable

NA

Long Term Loan (State Bank of India)

NA

NA

30-Sep-33

86.54

Simple

Crisil AAA/Stable

NA

Long Term Loan (State Bank of India)

NA

NA

30-Sep-33

183.34

Simple

Crisil AAA/Stable

NA

Long Term Loan (State Bank of India)

NA

NA

30-Sep-33

52.38

Simple

Crisil AAA/Stable

NA

Long Term Loan (State Bank of India)

NA

NA

19-Dec-34

3,000.00

Simple

Crisil AAA/Stable

NA

Long Term Loan (State Bank of India)

NA

NA

19-Dec-34

2,000.00

Simple

Crisil AAA/Stable

NA

Long Term Loan (State Bank of India)

NA

NA

29-Mar-27

200

Simple

Crisil AAA/Stable

NA

Long Term Loan (South Indian Bank)

NA

NA

30-Mar-26

200

Simple

Crisil AAA/Stable

NA

Long Term Loan (South Indian Bank)

NA

NA

19-Sep-28

9.44

Simple

Crisil AAA/Stable

NA

Long Term Loan (South Indian Bank)

NA

NA

19-Sep-28

34.2

Simple

Crisil AAA/Stable

NA

Long Term Loan (South Indian Bank)

NA

NA

19-Sep-28

156.32

Simple

Crisil AAA/Stable

NA

Long Term Loan (South Indian Bank)

NA

NA

31-May-28

199.96

Simple

Crisil AAA/Stable

NA

Long Term Loan (UCO bank)

NA

NA

24-Sep-26

1,000.00

Simple

Crisil AAA/Stable

NA

Long Term Loan (UCO bank)

NA

NA

30-Mar-28

500

Simple

Crisil AAA/Stable

NA

Long Term Loan (UCO bank)

NA

NA

30-Mar-28

500

Simple

Crisil AAA/Stable

NA

Long Term Loan (Union Bank of India)

NA

NA

31-Mar-28

3,000.00

Simple

Crisil AAA/Stable

NA

Long Term Loan (Union Bank of India)

NA

NA

27-Sep-29

837.19

Simple

Crisil AAA/Stable

NA

Long Term Loan (Union Bank of India)

NA

NA

31-Jan-27

3,288.27

Simple

Crisil AAA/Stable

NA

Long Term Loan (IIFCL)

NA

NA

30-Sep-26

1,000.00

Simple

Crisil AAA/Stable

NA

Long Term Loan (IIFCL)

NA

NA

28-Feb-29

2,000.00

Simple

Crisil AAA/Stable

NA

Long Term Loan (IIFCL)

NA

NA

09-Dec-29

343.1

Simple

Crisil AAA/Stable

NA

Long Term Loan (IIFCL)

NA

NA

29-Mar-30

3,000.00

Simple

Crisil AAA/Stable

NA

Long Term Loan (IIFCL)

NA

NA

30-Apr-27

3,000.00

Simple

Crisil AAA/Stable

NA

Long Term Loan (IIFCL)

NA

NA

07-Jan-30

573.3

Simple

Crisil AAA/Stable

NA

Long Term Loan (IIFCL)

NA

NA

08-Jan-30

115

Simple

Crisil AAA/Stable

NA

Long Term Loan (IIFCL)

NA

NA

09-Jan-30

1,179.80

Simple

Crisil AAA/Stable

NA

Long Term Loan (IIFCL)

NA

NA

09-May-30

1,000.00

Simple

Crisil AAA/Stable

NA

Long Term Loan (Indian Bank)

NA

NA

30-Sep-26

2,000.00

Simple

Crisil AAA/Stable

NA

Long Term Loan (National Small Savings Fund)

NA

NA

27-Dec-28

7,500.00

Simple

Crisil AAA/Stable

NA

Long Term Borrowing Programme (FY27)^^

NA

NA

NA

140,000.00

Simple

Crisil AAA/Stable

NA

Short Term Borrowing Programme (FY27)^^

NA

NA

NA

20,000.00

Simple

Crisil A1+

NA

Long Term Borrowing Programme*^^

NA

NA

NA

53,105.59

Simple

Crisil AAA/Stable

NA

Short Term Borrowing Programme*^^

NA

NA

NA

5,635.04

Simple

Crisil A1+

NA

Cash Credit#

NA

NA

NA

10,000.00

NA

Crisil AAA/Stable

INE134E08JX9

Subordinated debt issue

25-Mar-19

9.10

23-Mar-29

2,411.50

Complex

Crisil AAA/Stable

INE134E08JZ4

Subordinated debt issue

28-Mar-19

8.98

28-Mar-29

1,000.00

Complex

Crisil AAA/Stable

NA

Subordinated debt issue*^^

NA

NA

NA

7,588.50

Complex

Crisil AAA/Stable

*Borrowing programme for previous fiscals

^^Not yet issued

#Limit for working capital demand loan/overdraft facility/cash credit/line of credit/bank guarantee. Total working capital borrowing not to exceed board-approved limit of Rs 10,000 crore. However, quantum of sanctioned working capital facilities may be different from the Board-approved limit for outstanding working capital borrowing.

 

Annexure - Details of Rating Withdrawn

ISIN

Name of instrument

Date of allotment

Coupon rate (%)

Maturity date

Issue size (Rs.Crore)

Complexity level

Rating

INE134E07AI1

Bonds

22-Jan-21

5.65

22-Jan-26

27.05

Simple

Withdrawn

INE134E07AJ9

Bonds

22-Jan-21

5.80

22-Jan-26

3.5

Simple

Withdrawn

INE134E08LO4

Bonds

10-Aug-22

7.13

08-Aug-25

2420

Simple

Withdrawn

INE134E08LR7

Bonds

08-Sep-22

7.15

08-Sep-25

276.4

Simple

Withdrawn

INE134E08LU1

Bonds

03-Nov-22

7.59

03-Nov-25

1,450.00

Simple

Withdrawn

INE134E08LZ0

Bonds

27-Dec-22

7.58

15-Jan-26

2,540.00

Simple

Withdrawn

INE134E07927

Capital Gain Tax Exemption Bonds

31-Mar-20

5.75

31-Mar-25

129.01

Simple

Withdrawn

INE134E07935

Capital Gain Tax Exemption Bonds

30-Apr-20

5.75

30-Apr-25

12.44

Simple

Withdrawn

INE134E07943

Capital Gain Tax Exemption Bonds

31-May-20

5.75

31-May-25

39.39

Simple

Withdrawn

INE134E07950

Capital Gain Tax Exemption Bonds

30-Jun-20

5.75

30-Jun-25

117.99

Simple

Withdrawn

INE134E07976

Capital Gain Tax Exemption Bonds

31-Jul-20

5.75

31-Jul-25

82.56

Simple

Withdrawn

INE134E07984

Capital Gain Tax Exemption Bonds

31-Aug-20

5.00

31-Aug-25

26.03

Simple

Withdrawn

INE134E07992

Capital Gain Tax Exemption Bonds

30-Sep-20

5.00

30-Sep-25

61.44

Simple

Withdrawn

INE134E07AA8

Capital Gain Tax Exemption Bonds

31-Oct-20

5.00

31-Oct-25

45.9

Simple

Withdrawn

INE134E07AB6

Capital Gain Tax Exemption Bonds

30-Nov-20

5.00

30-Nov-25

48.87

Simple

Withdrawn

INE134E07AC4

Capital Gain Tax Exemption Bonds

31-Dec-20

5.00

31-Dec-25

86.18

Simple

Withdrawn

INE134E07AD2

Capital Gain Tax Exemption Bonds

31-Jan-21

5.00

31-Jan-26

76.54

Simple

Withdrawn

INE134E07AE0

Capital Gain Tax Exemption Bonds

28-Feb-21

5.00

28-Feb-26

101.96

Simple

Withdrawn

INE134E07539

Tax Free Bonds

17-Oct-15

7.11

17-Oct-25

77.2256

Simple

Withdrawn

INE134E07547

Tax Free Bonds

17-Oct-15

7.36

17-Oct-25

77.2201

Simple

Withdrawn

INE134E08CV8

Tax Free Bonds

30-Mar-10

8.95

30-Mar-25

492

Simple

Withdrawn

INE134E08CY2

Tax Free Bonds

14-May-10

8.70

14-May-25

1337.5

Simple

Withdrawn

INE134E08DA0

Tax Free Bonds

15-Jun-10

8.75

15-Jun-25

1532

Simple

Withdrawn

INE134E07521

Institutional bonds

17-Jul-15

7.16

17-Jul-25

300

Simple

Withdrawn

INE134E08DI3

Institutional bonds

15-Dec-10

9.05

15-Dec-25

192.7

Simple

Withdrawn

INE134E08HD5

Institutional bonds

19-Mar-15

8.39

19-Apr-25

925

Simple

Withdrawn

INE134E08HX3

Institutional bonds

18-Sep-15

8.40

18-Sep-25

1000

Simple

Withdrawn

INE134E08KP3

Institutional bonds

24-Apr-20

7.16

24-Apr-25

1320

Simple

Withdrawn

INE134E08KT5

Institutional bonds

22-May-20

7.17

22-May-25

3910

Simple

Withdrawn

INE134E08KX7

Institutional bonds

28-Jul-20

5.77

11-Apr-25

900

Simple

Withdrawn

INE134E08LD7

Institutional bonds

17-Sep-20

6.50

17-Sep-25

2806

Simple

Withdrawn

INE134E08LF2

Institutional bonds

30-Jun-21

6.35

30-Jun-25

405.6

Simple

Withdrawn

XS2009878880

Foreign Currency Bond

18-Jun-19

3.75

18-Jun-24

3324.66

Simple

Withdrawn

XS2049301042

Foreign Currency Bond

16-Sep-19

3.25

16-Sep-24

2077.91

Simple

Withdrawn

XS2049301042

Foreign Currency Bond

16-Sep-19

3.25

16-Sep-24

415.58

Simple

Withdrawn

NA

Long Term Borrowing Programme*^^

NA

NA

NA

2,59,406.51

Simple

Withdrawn

NA

Short Term Borrowing Programme*^^

NA

NA

NA

49,052.75

Simple

Withdrawn

NA

Perpetual Non-Convertible Debentures@^^

NA

NA

NA

1000

Highly Complex

Withdrawn

@Part of borrowing programme for fiscal 2021

*Borrowing programme for previous fiscals

^^Not yet issued

Annexure - List of Entities Consolidated

Names of Entities Consolidated

Extent of Consolidation

Rationale for Consolidation

REC

Full

Subsidiary

PFC Consulting Ltd

Full

Subsidiary

PFC Projects Ltd

Full

Subsidiary

PFC Infra Finance IFSC Ltd

Full

Subsidiary

Orissa Integrated Power Ltd

Proportionate

Associate

Coastal Tamil Nadu Power Ltd

Proportionate

Associate

Deoghar Infrapower Ltd

Proportionate

Associate

Bihar Infrapower Ltd

Proportionate

Associate

Sakhigopal Integrated Power Company Ltd

Proportionate

Associate

Ghogarpalli Integrated Power Company Ltd

Proportionate

Associate

Deoghar Mega Power Ltd

Proportionate

Associate

Cheyyur Infra Ltd

Proportionate

Associate

Odisha Infrapower Ltd

Proportionate

Associate

Bihar Mega Power Ltd

Proportionate

Associate

Jharkhand Infrapower Ltd

Proportionate

Associate

*as at March 31, 2025

Annexure - Rating History for last 3 Years
  Current 2026 (History) 2025  2024  2023  Start of 2023
Instrument Type Outstanding Amount Rating Date Rating Date Rating Date Rating Date Rating Rating
Fund Based Facilities LT 10000.0 Crisil AAA/Stable 17-02-26 Crisil AAA/Stable 29-07-25 Crisil AAA/Stable 22-03-24 Crisil AAA/Stable 25-10-23 Crisil AAA/Stable Crisil AAA/Stable
      --   -- 21-05-25 Crisil AAA/Stable 25-01-24 Crisil AAA/Stable 20-09-23 Crisil AAA/Stable --
      --   -- 27-03-25 Crisil AAA/Stable   -- 01-08-23 Crisil AAA/Stable --
      --   -- 21-03-25 Crisil AAA/Stable   -- 12-04-23 Crisil AAA/Stable --
      --   --   --   -- 30-03-23 Crisil AAA/Stable --
      --   --   --   -- 13-02-23 Crisil AAA/Stable --
Bond LT 16081.38 Crisil AAA/Stable 17-02-26 Crisil AAA/Stable 29-07-25 Crisil AAA/Stable 22-03-24 Crisil AAA/Stable 25-10-23 Crisil AAA/Stable Withdrawn
      --   -- 21-05-25 Crisil AAA/Stable 25-01-24 Crisil AAA/Stable 20-09-23 Crisil AAA/Stable --
      --   -- 27-03-25 Crisil AAA/Stable   -- 01-08-23 Crisil AAA/Stable --
      --   -- 21-03-25 Crisil AAA/Stable   -- 12-04-23 Crisil AAA/Stable --
      --   --   --   -- 30-03-23 Crisil AAA/Stable --
      --   --   --   -- 13-02-23 Crisil AAA/Stable --
Long-Term Borrowing Programme LT 672193.49 Crisil AAA/Stable 17-02-26 Crisil AAA/Stable 29-07-25 Crisil AAA/Stable 22-03-24 Crisil AAA/Stable 25-10-23 Crisil AAA/Stable Crisil AAA/Stable
      --   -- 21-05-25 Crisil AAA/Stable 25-01-24 Crisil AAA/Stable 20-09-23 Crisil AAA/Stable --
      --   -- 27-03-25 Crisil AAA/Stable   -- 01-08-23 Crisil AAA/Stable --
      --   -- 21-03-25 Crisil AAA/Stable   -- 12-04-23 Crisil AAA/Stable --
      --   --   --   -- 30-03-23 Crisil AAA/Stable --
      --   --   --   -- 13-02-23 Crisil AAA/Stable --
Perpetual Non Convertible Debentures LT 1000.0 Withdrawn 17-02-26 Crisil AAA/Stable 29-07-25 Crisil AAA/Stable 22-03-24 Crisil AAA/Stable 25-10-23 Crisil AAA/Stable Crisil AAA/Stable
      --   -- 21-05-25 Crisil AAA/Stable 25-01-24 Crisil AAA/Stable 20-09-23 Crisil AAA/Stable --
      --   -- 27-03-25 Crisil AAA/Stable   -- 01-08-23 Crisil AAA/Stable --
      --   -- 21-03-25 Crisil AAA/Stable   -- 12-04-23 Crisil AAA/Stable --
      --   --   --   -- 30-03-23 Crisil AAA/Stable --
      --   --   --   -- 13-02-23 Crisil AAA/Stable --
Short Term Borrowing programme ST 36347.25 Crisil A1+ 17-02-26 Crisil A1+ 29-07-25 Crisil A1+ 22-03-24 Crisil A1+ 25-10-23 Crisil A1+ Withdrawn
      --   -- 21-05-25 Crisil A1+ 25-01-24 Crisil A1+ 20-09-23 Crisil A1+ --
      --   -- 27-03-25 Crisil A1+   -- 01-08-23 Crisil A1+ --
      --   -- 21-03-25 Crisil A1+   -- 12-04-23 Crisil A1+ --
      --   --   --   -- 30-03-23 Crisil A1+ --
      --   --   --   -- 13-02-23 Crisil A1+ --
Subordinated Non-Convertible Debentures LT 11000.0 Crisil AAA/Stable 17-02-26 Crisil AAA/Stable 29-07-25 Crisil AAA/Stable 22-03-24 Crisil AAA/Stable 25-10-23 Crisil AAA/Stable Crisil AAA/Stable
      --   -- 21-05-25 Crisil AAA/Stable 25-01-24 Crisil AAA/Stable 20-09-23 Crisil AAA/Stable --
      --   -- 27-03-25 Crisil AAA/Stable   -- 01-08-23 Crisil AAA/Stable --
      --   -- 21-03-25 Crisil AAA/Stable   -- 12-04-23 Crisil AAA/Stable --
      --   --   --   -- 30-03-23 Crisil AAA/Stable --
      --   --   --   -- 13-02-23 Crisil AAA/Stable --
All amounts are in Rs.Cr.

Annexure – Details of Bank Lenders/Facilities*

F acility

Amount (Rs.Crore)

Name of lender

Rating

Short Term Loan

446.5

IndusInd Bank

Crisil A1+

Short Term Loan

4000

ICICI Bank

Crisil A1+

Short Term Loan

1000

Central Bank of India

Crisil A1+

Working Capital Demand Loan

250

Mizuho Bank

Crisil AAA/Stable

Working Capital Demand Loan

350

IDFC First Bank Limited

Crisil AAA/Stable

Working Capital Demand Loan

6000

ICICI Bank Limited

Crisil AAA/Stable

Working Capital Demand Loan

3500

HDFC Bank Limited

Crisil AAA/Stable

Working Capital Demand Loan

300

Yes Bank

Crisil AAA/Stable

Working Capital Demand Loan

300

RBL Bank Limited

Crisil AAA/Stable

Working Capital Demand Loan

2000

Union Bank of India

Crisil AAA/Stable

Working Capital Demand Loan

240

Sumitomo Mitsui Banking Corporation

Crisil AAA/Stable

Working Capital Demand Loan

5500

State Bank of India

Crisil AAA/Stable

Short-term bank facility

500

State Bank of India

Crisil A1+

Long Term Loan

8900

Bank of Baroda

Crisil AAA/Stable

Long Term Loan

6050

Bank of India

Crisil AAA/Stable

Long Term Loan

8014.75

Canara Bank

Crisil AAA/Stable

Long Term Loan

3000

Central Bank

Crisil AAA/Stable

Long Term Loan

10662.5

HDFC Bank Limited

Crisil AAA/Stable

Long Term Loan

12211.2

IIFCL

Crisil AAA/Stable

Long Term Loan

2000

Indian Bank

Crisil AAA/Stable

Long Term Loan

581.25

Karnataka Bank

Crisil AAA/Stable

Long Term Loan

7500

National Small Savings Fund

Crisil AAA/Stable

Long Term Loan

7005

Punjab National Bank

Crisil AAA/Stable

Long Term Loan

1000

Punjab & Sind Bank

Crisil AAA/Stable

Long Term Loan

14000

State Bank of India

Crisil AAA/Stable

Long Term Loan

799.9178

South Indian Bank

Crisil AAA/Stable

Long Term Loan

2000

UCO bank

Crisil AAA/Stable

Long Term Loan

7125.46

Union Bank of India

Crisil AAA/Stable

Foreign Currency Term Loan$

18.89

Asian Development Bank

Crisil AAA/Stable

Foreign Currency Term Loan$

89.9198

Axis Bank Limited

Crisil AAA/Stable

Foreign Currency Term Loan$

5844.787

Bank of Baroda

Crisil AAA/Stable

Foreign Currency Term Loan%

387.27584

Bank of Baroda

Crisil AAA/Stable

Foreign Currency Term Loan&

637.362

Bank of China

Crisil AAA/Stable

Foreign Currency Term Loan&

53.36855003

Bank of Fukuoka

Crisil AAA/Stable

Foreign Currency Term Loan$

1798.396

Bank of India

Crisil AAA/Stable

Foreign Currency Term Loan&

100.485

Bank of Phillipe Island

Crisil AAA/Stable

Foreign Currency Term Loan&

133.4213751

Bank of Yokohama

Crisil AAA/Stable

Foreign Currency Term Loan$

1798.396

Canara Bank

Crisil AAA/Stable

Foreign Currency Term Loan%

387.27584

Canara Bank

Crisil AAA/Stable

Foreign Currency Term Loan&

229.68

Chang Hwa Commercial Bank

Crisil AAA/Stable

Foreign Currency Term Loan&

1567.39374

Crédit Agricole Corporate and Investment Bank

Crisil AAA/Stable

Foreign Currency Term Loan#

1.24653555

Credit National

Crisil AAA/Stable

Foreign Currency Term Loan$

1213.9173

DBS Bank Limited

Crisil AAA/Stable

Foreign Currency Term Loan%

855.7421773

DBS Bank Limited

Crisil AAA/Stable

Foreign Currency Term Loan&

3797.06976

Deutsche Bank

Crisil AAA/Stable

Foreign Currency Term Loan$

899.198

EXIM Bank

Crisil AAA/Stable

Foreign Currency Term Loan$

1618.5564

Export Finance Australia

Crisil AAA/Stable

Foreign Currency Term Loan&

114.84

Gunma Bank Limited

Crisil AAA/Stable

Foreign Currency Term Loan#

2111.114

HSBC Bank

Crisil AAA/Stable

Foreign Currency Term Loan$

1798.396

HSBC Bank

Crisil AAA/Stable

Foreign Currency Term Loan$

1798.396

IDBI Bank Limited

Crisil AAA/Stable

Foreign Currency Term Loan$

899.198

IIFCL UK

Crisil AAA/Stable

Foreign Currency Term Loan$

1258.8772

Indian Bank

Crisil AAA/Stable

Foreign Currency Term Loan&

4154.390906

Japan bank for International Cooperation

Crisil AAA/Stable

Foreign Currency Term Loan#

799.8884709

KFW

Crisil AAA/Stable

Foreign Currency Term Loan&

648.15696

MUFG (Bank of Tokyo)

Crisil AAA/Stable

Foreign Currency Term Loan$

449.599

MUFG (Bank of Tokyo)

Crisil AAA/Stable

Foreign Currency Term Loan&

445.005

The Norinchukin Bank

Crisil AAA/Stable

Foreign Currency Term Loan&

229.68

NTT TC Leasing Co

Crisil AAA/Stable

Foreign Currency Term Loan$

2247.995

State Bank of India

Crisil A1+

Foreign Currency Term Loan$

4720.7895

State Bank of India

Crisil AAA/Stable

Foreign Currency Term Loan#

8811.194298

State Bank of India

Crisil AAA/Stable

Foreign Currency Term Loan&

301.455

State Bank of India (Shinsei)

Crisil AAA/Stable

Foreign Currency Term Loan&

3035.45088

State Bank of India, Hong Kong Branch

Crisil AAA/Stable

Foreign Currency Term Loan&

80.05282505

The Shiga Bank

Crisil AAA/Stable

Foreign Currency Term Loan&

3846.486887

Sumitomo Mitsui Banking Corporation

Crisil AAA/Stable

Foreign Currency Term Loan&

100.485

Taishin International bank

Crisil AAA/Stable

Foreign Currency Term Loan&

57.42

Taiwan Business Bank

Crisil AAA/Stable

Foreign Currency Term Loan&

172.26

Taiwan Cooperative Bank

Crisil AAA/Stable

Foreign Currency Term Loan&

359.6792

The Koread Development Bank, Singapore

Crisil AAA/Stable

Foreign Currency Term Loan$

899.198

Union Bank of India

Crisil AAA/Stable 

*Bank Lenders are part of Borrowing program of company.

$Exchange rate as on December 31, 2025: 1 USD = INR 89.9198

#Exchange rate as on December 31, 2025: 1 EUR = INR 105.5557

&Exchange rate as on December 31, 2025: 1 JPY = INR 0.5742

%Exchange rate as on December 31, 2025: 1 GBP = INR 121.0237
 

*This RR was updated on April 16, 2026

Criteria Details
Links to related criteria
Basics of Ratings (including default recognition, assessing information adequacy)
Criteria for Finance and Securities companies (including approach for financial ratios)
Criteria for consolidation
Criteria for factoring parent, group and government linkages

Media Relations
Analytical Contacts
Customer Service Helpdesk

Ramkumar Uppara
Media Relations
Crisil Limited
M: +91 98201 77907
B: +91 22 6137 3000
ramkumar.uppara@crisil.com

Kartik Behl
Media Relations
Crisil Limited
M: +91 90043 33899
B: +91 22 6137 3000
kartik.behl@crisil.com

Divya Pillai
Media Relations
Crisil Limited
M: +91 86573 53090
B: +91 22 6137 3000
divya.pillai1@ext-crisil.com


Ajit Velonie
Senior Director
Crisil Ratings Limited
D:+91 22 6137 3090
ajit.velonie@crisil.com

Subha Sri Narayanan
Director
Crisil Ratings Limited
D:+91 22 6137 3403
subhasri.narayanan@crisil.com

Rohit Arun Dhanuka
Manager
Crisil Ratings Limited
B:+91 22 6137 3000
rohit.dhanuka@crisil.com

For Analytical queries
Toll Free Number: 1800 266 6550
ratingsinvestordesk@crisil.com


Timings: 10.00 am to 7.00 pm
Toll Free Number: 1800 267 3850

For a copy of Rationales / Rating Reports:
CRISILratingdesk@crisil.com
 
 



 

Note for Media:
This rating rationale is transmitted to you for the sole purpose of dissemination through your newspaper/magazine/agency. The rating rationale may be used by you in full or in part without changing the meaning or context thereof but with due credit to Crisil Ratings. However, Crisil Ratings alone has the sole right of distribution (whether directly or indirectly) of its rationales for consideration or otherwise through any media including websites and portals.


About Crisil Ratings Limited (A subsidiary of Crisil Limited, an S&P Global Company)
Crisil Ratings pioneered the concept of credit rating in India in 1987. With a tradition of independence, analytical rigour and innovation, we set the standards in the credit rating business. We rate the entire range of debt instruments, such as bank loans, certificates of deposit, commercial paper, non-convertible/convertible/partially convertible bonds and debentures, perpetual bonds, bank hybrid capital instruments, asset-backed and mortgage-backed securities, partial guarantees and other structured debt instruments. We have rated over 33,000 large and mid-scale corporates and financial institutions. We have also instituted several innovations in India in the rating business, including ratings for municipal bonds, partially guaranteed instruments and infrastructure investment trusts (InvITs).

Crisil Ratings Limited ('Crisil Ratings') is a wholly-owned subsidiary of Crisil Limited ('Crisil'). Crisil Ratings Limited is registered in India as a credit rating agency with the Securities and Exchange Board of India ("SEBI").

For more information, visit www.crisilratings.com



About Crisil Limited

Crisil is a leading, agile and innovative global analytics company driven by its mission of making markets function better. 

It is India’s foremost provider of ratings, data, research, analytics and solutions with a strong track record of growth, culture of innovation, and global footprint.

It has delivered independent opinions, actionable insights, and efficient solutions to over 100,000 customers through businesses that operate from India, the US, the UK, Argentina, Poland, China, Hong Kong and Singapore.

It is majority owned by S&P Global Inc, a leading provider of transparent and independent ratings, benchmarks, analytics and data to the capital and commodity markets worldwide.

For more information, visit www.crisil.com

Connect with us: TWITTER | LINKEDIN | YOUTUBE | FACEBOOK

CRISIL PRIVACY NOTICE
Crisil respects your privacy. We may use your contact information, such as your name, address and email id to fulfil your request and service your account and to provide you with additional information from Crisil. For further information on Crisil's privacy policy please visit www.crisil.com.



DISCLAIMER

This disclaimer is part of and applies to each credit rating report and/or credit rating rationale ('report') provided by Crisil Ratings Limited ('Crisil Ratings'). For the avoidance of doubt, the term 'report' includes the information, ratings and other content forming part of the report. The report is intended for use only within the jurisdiction of India. This report does not constitute an offer of services. Without limiting the generality of the foregoing, nothing in the report is to be construed as Crisil Ratings provision or intention to provide any services in jurisdictions where Crisil Ratings does not have the necessary licenses and/or registration to carry out its business activities. Access or use of this report does not create a client relationship between Crisil Ratings and the user.

The report is a statement of opinion as on the date it is expressed, and it is not intended to and does not constitute investment advice within meaning of any laws or regulations (including US laws and regulations). The report is not an offer to sell or an offer to purchase or subscribe to any investment in any securities, instruments, facilities or solicitation of any kind to enter into any deal or transaction with the entity to which the report pertains. The recipients of the report should rely on their own judgment and take their own professional advice before acting on the report in any way.

Crisil Ratings’ products / activities or ratings of instruments other than ‘securities that are listed or proposed to be listed’ may fall under the purview of financial sector regulators (FSRs) other than SEBI. In respect of such products / activities or ratings (under the purview of other FSRs such as Reserve Bank of India (RBI), Ministry of Corporate Affairs (MCA), Insurance Regulatory and Development Authority of India (IRDAI), among others), the grievance / dispute redressal and investor protection mechanisms available under SEBI regulations shall not be applicable.
 
A list of products/activities or ratings of instruments falling under the purview of various FSRs along with the names of respective FSRs has been duly disclosed by Crisil Ratings on its website. A link to the same has been provided below for ready reference:

https://www.crisilratings.com/en/home/our-business/ratings/regulatory-disclosures/list-of-activities-instruments-and-names-of-regulators.html

Crisil Ratings and its associates do not act as a fiduciary. The report is based on the information believed to be reliable as of the date it is published, Crisil Ratings does not perform an audit or undertake due diligence or independent verification of any information it receives and/or relies on for preparation of the report. THE REPORT IS PROVIDED ON “AS IS” BASIS. TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAWS, CRISIL RATINGS DISCLAIMS WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR OTHER WARRANTIES OR CONDITIONS, INCLUDING WARRANTIES OF MERCHANTABILITY, ACCURACY, COMPLETENESS, ERROR-FREE, NON-INFRINGEMENT, NON-INTERRUPTION, SATISFACTORY QUALITY, FITNESS FOR A PARTICULAR PURPOSE OR INTENDED USAGE. In no event shall Crisil Ratings, its associates, third-party providers, as well as their directors, officers, shareholders, employees or agents be liable to any party for any direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees or losses (including, without limitation, lost income or lost profits and opportunity costs) in connection with any use of any part of the report even if advised of the possibility of such damages.

The report is confidential information of Crisil Ratings and Crisil Ratings reserves all rights, titles and interest in the rating report. The report shall not be altered, disseminated, distributed, redistributed, licensed, sub-licensed, sold, assigned or published any content thereof or offer access to any third party without prior written consent of Crisil Ratings.

Crisil Ratings or its associates may have other commercial transactions with the entity to which the report pertains or its associates. Ratings are subject to revision or withdrawal at any time by Crisil Ratings. Crisil Ratings may receive compensation for its ratings and certain credit-related analyses, normally from issuers or underwriters of the instruments, facilities, securities or from obligors.

Crisil Ratings has in place a ratings code of conduct and policies for managing conflict of interest. For more detail, please refer to: https://www.crisilratings.com/en/home/our-businesses/ratings/regulatory-disclosures/highlighted-policies.html. Public ratings and analysis by Crisil Ratings, as are required to be disclosed under the Securities and Exchange Board of India regulations (and other applicable regulations, if any), are made available on its websites, www.crisilratings.com and https://www.ratingsanalytica.com (free of charge). Crisil Ratings shall not have the obligation to update the information in the Crisil Ratings report following its publication although Crisil Ratings may disseminate its opinion and/or analysis. Reports with more detail and additional information may be available for subscription at a fee.  Rating criteria by Crisil Ratings are available on the Crisil Ratings website, www.crisilratings.com. For the latest rating information on any company rated by Crisil Ratings, you may contact the Crisil Ratings desk at crisilratingdesk@crisil.com, or at (0091) 1800 267 3850.

Crisil Ratings shall have no liability, whatsoever, with respect to any copies, modifications, derivative works, compilations or extractions of any part of this [report/ work products], by any person, including by use of any generative artificial intelligence or other artificial intelligence and machine learning models, algorithms, software, or other tools. Crisil Ratings takes no responsibility for such unauthorized copies, modifications, derivative works, compilations or extractions of its [report/ work products] and shall not be held liable for any errors, omissions of inaccuracies in such copies, modifications, derivative works, compilations or extractions. Such acts will also be in breach of Crisil Ratings’ intellectual property rights or contrary to the laws of India and Crisil Ratings shall have the right to take appropriate actions, including legal actions against any such breach.

Crisil Ratings uses the prefix 'PP-MLD' for the ratings of principal-protected market-linked debentures (PPMLD) with effect from November 1, 2011, to comply with the SEBI circular, "Guidelines for Issue and Listing of Structured Products/Market Linked Debentures". The revision in rating symbols for PPMLDs should not be construed as a change in the rating of the subject instrument. For details on Crisil Ratings' use of 'PP-MLD' please refer to the notes to Rating scale for Debt Instruments and Structured Finance Instruments at the following link: https://www.crisilratings.com/en/home/our-business/ratings/credit-ratings-scale.html