Announced Wed, 8 Apr · 21:03 IST
Clarion Wind Farm rating affirmed; outlook revised to Positive from Stable
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GREENPOWER · 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
+1.4%1-day move
₹9.90
prior close
₹9.85
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+3.2+2.3+2.6+1.2+1.4+1.1+5.5+10.3+11.1+9.4+28.3+23.4+14.3+2.5
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AI summary
India Ratings affirmed IND BBB- rating for step-down subsidiary Clarion Wind Farm and revised outlook to Positive from Stable, citing expected sustained operational and financial performance. Bank loan facility of Rs. 39.9 million (reduced from Rs. 289.3 million) was affirmed; a fresh Rs. 782 million facility was assigned the same rating. The positive outlook upgrade is incremental positive news for the Orient Green Power group.
Likely market impact
Positive outlook revision for subsidiary signals improving fundamentals; supportive for credit profile though rating itself was only affirmed, not upgraded.