Announced Fri, 10 Jul · 16:32 IST
Credit rating cut to default grade; firm under insolvency
DPSCLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.3%1-day move
₹7.40
prior close
₹7.50
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.1-0.1-0.7-0.1-0.3+1.2+1.4-0.3+0.8-1.2————
Up moveDown movePending
AI summary
Infomerics has cut India Power Corporation's (formerly DPSC Limited) bank loan ratings to IVR D for both long and short term facilities, down from IVR C and IVR A4. Total rated bank facilities stand at about 50.74 crore rupees across RBL Bank, Axis Bank and South Indian Bank. The downgrade is due to delays in repaying debt and the ongoing Corporate Insolvency Resolution Process admitted by NCLT Hyderabad on May 15, 2026. Management now rests with the Interim Resolution Professional.
Likely market impact
Sharp cut to default grade signals severe financial distress. Shareholders face very high risk under the insolvency process.