Adani Power Limited

Adani Power Limited is an Indian company in the power industry (formerly ADANI POWER PRIVATE LIMITED) with 4 outstanding bonds (ISINs) recorded on this page. Stated coupons on its fixed-rate bonds range from 8% to 8.4% a year. Maturity dates run from 27 Jan 2028 to 27 Jan 2031. NSDL records all 4 whose terms it holds as secured. Latest credit ratings on record: India Ratings AA+ (Stable) (action dated 31 Aug 2026); CARE AA+ (Stable) (action dated 17 Aug 2026); ICRA AA (Stable) (action dated 27 Feb 2026); CRISIL AA (Stable) (action dated 11 Aug 2025). Verify current terms against the official documents linked on this page.

Data as of 14 Nov 2026 (snapshot 20261114-2051) · How this page is compiled

Issuer overview

Legal name
Adani Power Limited
Formerly
ADANI POWER PRIVATE LIMITED
CIN
L40100GJ1996PLC030533
LEI
33580074T4XKFXBDG813
Company status
Active
Industry
Power
Business
Electric Utilities
Ownership
Non PSU
ISIN issuer codes
INE814H, INE513Y
Outstanding bonds (ISINs)
4 (plus 1 matured)
Stated coupons (fixed rate)
8% – 8.4%
Maturity dates
27 Jan 2028 – 27 Jan 2031
Secured (NSDL)
4 of 4
Combined issue size of outstanding bonds
₹7,500 crore
Traded on
BSE

Issue size is the amount each bond raised when it was issued, as recorded by NSDL. It is not the amount still outstanding today (bonds can be partly redeemed or bought back) and not the company's total debt.

Adani Power bonds: ISIN, coupon and maturity

4 outstanding bonds, by maturity date.

ISIN Type Coupon Interest paid Allotted Maturity Face value Issue size (₹ cr) Security Guarantee Traded on Rating (NSDL)
INE814H07190 NCD 8% Quarterly 27 Jan 2026 27 Jan 2028 ₹1,00,000 2,860 Secured None recorded BSE India Ratings AA+ 31 Aug 2026
INE814H07208 NCD 8.2% Quarterly 27 Jan 2026 25 Jan 2029 ₹1,00,000 2,690 Secured None recorded — India Ratings AA+ 31 Aug 2026
INE814H07182 NCD 8.3% Quarterly 27 Jan 2026 25 Jan 2030 ₹1,00,000 675 Secured None recorded — India Ratings AA+ 31 Aug 2026
INE814H07216 NCD 8.4% Quarterly 27 Jan 2026 27 Jan 2031 ₹1,00,000 1,275 Secured None recorded — India Ratings AA+ 31 Aug 2026
Notes on this table
  • Outstanding means the maturity date has not passed, according to the depository record. It does not confirm that a bond has not been redeemed early, called or bought back.
  • Type, coupon, interest frequency, allotment date, issue size, security and guarantee are as recorded by NSDL India Bond Info, the depository's record of each ISIN. Search an ISIN on NSDL India Bond Info to see its full record.
  • "Secured" and "Guarantee" are NSDL's classification. What the security is, the asset cover and the terms of any guarantee or co-obligor are in the offer document and the debenture trust deed; this page does not infer them.
  • Prices and yields are not shown. They change with every trade: see BSE and NSE.
  • Terms used in this table: ISIN · Coupon rate · Yield to maturity (YTM) · Secured NCD · Unsecured NCD · Credit rating.

Adani Power credit rating

Latest rating by agency on the outstanding bonds (NSDL India Bond Info)
Agency Rating Outlook Latest action Action date Bonds Status
India Ratings AA+ Stable Upgrade 31 Aug 2026 4 Verified by NSDL · Checked 4 Nov 2026
CARE AA+ Stable Upgrade 17 Aug 2026 4 Checked 4 Nov 2026
ICRA AA Stable Reaffirm 27 Feb 2026 4 Checked 4 Nov 2026
CRISIL AA Stable New 11 Aug 2025 4 Over 12 months old · Checked 4 Nov 2026
Rating history
Date Agency Rating Outlook Action
31 Aug 2026 India Ratings AA+ Stable Upgrade
17 Aug 2026 CARE AA+ Stable Upgrade
27 Feb 2026 ICRA AA Stable Reaffirm
25 Sep 2025 India Ratings AA Stable New
11 Aug 2025 CRISIL AA Stable New
31 Jan 2025 CARE AA Stable New
7 Jan 2025 CARE AA Stable New

Rating actions on the issuer's bonds as recorded by NSDL, newest first. Earlier lines are history, not the current rating.

A credit rating is the agency's opinion and can change at any time. Check the agency's website for the latest action: CRISIL, ICRA, CARE, India Ratings

Private placements and disclosure documents

Allotted ISIN Redemption Disclosure documents
27 Jan 2026 INE814H07190 27 Jan 2028 Placement memorandum on BSE
27 Jan 2026 INE814H07208 25 Jan 2029 Placement memorandum on BSE
27 Jan 2026 INE814H07182 25 Jan 2030 Placement memorandum on BSE
27 Jan 2026 INE814H07216 27 Jan 2031 Placement memorandum on BSE
5 Jan 2018 INE513Y07128 5 Apr 2019 Placement memorandum on BSE

From BSE's list of privately placed debt. The documents are the issuer's own; the offer document and debenture trust deed are the authoritative source for each bond's terms.

Company details

Date of incorporation
22 Aug 1996
Category
Thermal Power Plants
Class
https://www.adanipower.com/
Listed / unlisted
Listed
Registered office
Adani Corporate House, Shantigram Near Vaishno Devi Circle, S. G. Highway, Khodiyar Ahmedabad
State
Gujarat
Registrar of Companies
Gujarat
Authorised capital
2.80E+11
Paid-up capital
42728000000
Business group
Adani
Last AGM
25 Jun 2026

Adani Power bonds: questions and answers

What bonds has Adani Power Limited issued?

Adani Power Limited has 4 outstanding bonds recorded on this page. By type, as described by NSDL: 4 NCDs. One further ISIN on record has passed its maturity date and is not counted as outstanding.

What are the ISINs of Adani Power Limited bonds?

Its 4 outstanding bonds each have their own ISIN, for example INE814H07190, INE814H07208, INE814H07182. All are listed in the bond table on this page. ISINs of this issuer begin with its issuer code, INE814H / INE513Y.

What coupon rates do Adani Power Limited bonds pay?

Stated coupons on its fixed-rate outstanding bonds range from 8% to 8.4% a year on face value. The bond table gives the coupon and interest frequency of each ISIN. The coupon is not the yield: the yield an investor earns depends on the price paid.

When do Adani Power Limited bonds mature?

Its outstanding bonds have maturity dates from 27 Jan 2028 to 27 Jan 2031. The bond table lists the maturity date of each ISIN.

What is the latest credit rating of Adani Power Limited bonds?

NSDL India Bond Info records India Ratings AA+ (Stable) (action dated 31 Aug 2026); CARE AA+ (Stable) (action dated 17 Aug 2026); ICRA AA (Stable) (action dated 27 Feb 2026); CRISIL AA (Stable) (action dated 11 Aug 2025) on its outstanding bonds. Checked on NSDL on 4 Nov 2026. A rating is the agency's opinion and can change at any time.

Are Adani Power Limited bonds secured, unsecured or guaranteed?

NSDL records all 4 outstanding bonds whose terms it holds as secured. None is recorded as guaranteed. What the security is, the asset cover and the terms of any guarantee or co-obligor are set out in the offer document and the debenture trust deed; this page does not infer them.

Is Adani Power Limited the same company as ADANI POWER PRIVATE LIMITED?

Yes. Adani Power Limited was formerly known as ADANI POWER PRIVATE LIMITED; bonds issued under the earlier name are obligations of the same company. Its Corporate Identification Number (CIN) is L40100GJ1996PLC030533.

Where can investors find the original disclosure documents for Adani Power Limited bonds?

Each ISIN's record, including its terms and rating history, is on NSDL India Bond Info (search the ISIN). The offer document (shelf prospectus, tranche prospectus or general information document and key information document) and the debenture trust deed set out the full terms; listed issuers publish them on BSE or NSE. For the private placements listed on this page, each row links to the disclosure documents on BSE.

How can investors check the current market price or yield of Adani Power Limited bonds?

This page does not show prices or yields. Trades in these bonds are reported on BSE, which publish the price and yield of each trade, usually by the end of the trading day. Many corporate bonds trade rarely, so a recent price may not exist; an old trade is not a current price.

Sources and dates

Data as of 14 Nov 2026 (snapshot 20261114-2051). Facts on this page last changed on 11 Nov 2026. Rating dates above are the agencies' action dates, which can be much older than the data date. This page is for information only. It is not investment advice, a credit rating or a recommendation to buy, sell or hold any security. Facts are taken from the issuer's own documents and the sources linked on this page; check them with the source before investing.

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Bond Interpretation
Bond Interpretation is an information resource on Indian corporate bond issuers, published by Newsinterpretation. It covers the companies behind corporate bonds and non-convertible debentures (NCDs): their outstanding bonds with ISIN-level terms, credit ratings as recorded by the depository, private placements and public NCD issues. It brings together depository (NSDL India Bond Info), exchange (BSE and NSE) and company records, and shows the source and date of each fact. The pages are compiled automatically from those records. Bond Interpretation publishes no credit ratings, opinions or recommendations to buy, sell or hold of its own.

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