THDC India Limited organised a Investors meeting to apprise them of the PSU’s financial position, expansion plans and future growth strategy. “The imminent commissioning of our upcoming projects are expected to result in a substantial enhancement of the company’s credit rating,” THDC Director (Finance) J Behera told investors and arrangers at the meeting. Ratings agency ICRA rated THDC as AA (stable) in January this year. The highest credit quality is denoted by ratings agency through a ‘AAA’ rating.
CMD RK Vishnoi told investors that THDC is poised for expansion and diversification in other areas. He said that THDC is looking to foray into Renewable Energy (RE), such as wind, solar, and also thermal energy and the development of coal mines. In addition to these discussions, the meeting also focused on identifying an optimal date for the forthcoming bond issuance process.
