Key Quantitative Figures
- Beta Wind Farm Private Limited operates 241.6 MW of wind energy projects across Tamil Nadu, Andhra Pradesh, Gujarat, and Karnataka
- Total term loan facility amount: Rs. 617.79 crore from Indian Renewable Energy Development Agency Limited (IREDA)
- Outstanding IREDA amount as on date: Rs. 456.68 crores
- Outstanding IREDA amount as on March 31, 2026: Rs. 478.74 crores
- Facility breakdown: Rs. 187.00 crore term loan and Rs. 430.79 crore term loan
Rating Action
CRISIL Ratings Limited upgraded the credit rating from CRISIL BBB- / Positive to CRISIL BBB / Stable on the Rupee term loan facility
This represents a one-notch improvement in rating
Rationale for Upgrade
The upgrade was assigned after considering healthy operational performance resulting from improved generation and cash accruals, which strengthened the debt servicing capacity of Beta Wind Farm Private Limited
Additional Context
This revision reaffirms the rating assigned by ICRA Limited to Beta on September 08, 2026
CRISIL BBB rating indicates a moderate degree of safety regarding timely servicing of financial obligations