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Adani Transmission Step-Two Limited — Bonds & AA+ (CRISIL) Rating

Corporate · Infrastructure

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Methodology v1.0 Download Report (PDF) Watch
Agency Rating
AA+ (CRISIL)
Most common current rating on senior bonds
7 of 7 rated · CRISIL, 31 Oct 2025
Total Debt Outstanding
₹995 Cr
Across 7 instruments
Active Bonds
7
First Issue
17 Oct 2025
Latest Issue
17 Oct 2025
Maturity Range
2026 - 2042
Observation
7 active bonds tracked from this issuer.
View details →
Coverage: High Data Quality: High Sources: NSE, BSE, SEBI, rating agencies

Latest events

Last 90 days · company disclosures to the exchanges and agency announcements. Not our assessment.
  • 13 Oct 2026 Rating withdrawn CRISIL
Issuer health card 2 items to look at
  • Current ratings CRISIL AA+
  • Rating range All current ratings are AA+ (CRISIL 31 Oct 2025)
  • Rating direction, 12 months 0 upgrades, 0 downgrades
  • Watch / negative outlook None in 12 months
  • Issuer not cooperating No such actions in 12 months
  • Rating withdrawn, 12 months No withdrawal of this issuer's rating in 12 months
  • Newest agency rating No agency rating on file newer than 31 Oct 2025
  • Payment record No payment disclosures since 17 Jul 2026
  • Defaults on record No bond marked defaulted
  • Traded in the last 30 days 0 of 7 active bonds had an exchange trade
  • Exchange filings, 90 days 0 filings on NSE/BSE

A checklist of published facts, not a rating or a view on credit quality. Ratings are the agencies' own; payment record covers NSE disclosures since 17 Jul 2026; "late" means paid more than 3 days after the due date (next-working-day payments are allowed). Rating range covers every current rating on the issuer's active bonds, with each agency's rating date. Rating actions count only when the agency's heading names this issuer, not pools or trusts it originated; a withdrawal is flagged only when the issuer's rating itself is withdrawn, not a single facility. Rating age uses the newest rating date on file and is flagged when older than 12 months. See methodology.

Alert me about Adani Transmission Step-Two Limited An email when a rating agency acts on this issuer (including any cut to default grade D) or a payment is disclosed late or short. Free, no account needed.
01 Issuer Overview
Sector
Infrastructure
Issuer Type
Corporate
First Tracked Bond
17 Oct 2025
Start of this issuer's debt program timeline
  • 7 active bonds tracked from this issuer.
  • 7 of 7 tracked bonds with a stated security status are secured. (based on 7 bonds with a disclosed security status)
  • Most recent rating action: withdrawal by CRISIL on 13 Oct 2026.

Adani Transmission Step-Two Limited, a corporate issuer in the Infrastructure sector, is tracked on RetailBonds.in. Outstanding bonds carry coupons between 7.70% - 7.99%, paid quarterly. Maturities on outstanding bonds fall between 2026 - 2042.

Data sourced from NSDL, BSE, NSE, and registered credit rating agencies. Verify against the issuer's offer document before transacting.

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02 Debt Profile
Outstanding Bonds
7
Tracked by RetailBonds
Amount Tracked
₹995 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt
Avg Coupon
7.77%
Range 7.70% - 7.99%
Avg Remaining Tenure
5.6 Yrs
Nearest maturity Dec 2026
Secured
100%
7 of 7 bonds with known status
Callable
0
Of 7 bonds

Maturity Profile

Active bonds maturing, by year. Bar height relative to the tallest year (1 bond).

0 2026: 1 bond, ₹73 Cr tracked, avg coupon 7.70% 1 bond 2026 2027: 1 bond, ₹72 Cr tracked, avg coupon 7.70% 1 bond 2027 2028: 1 bond, ₹95 Cr tracked, avg coupon 7.70% 1 bond 2028 2029: 1 bond, ₹94 Cr tracked, avg coupon 7.75% 1 bond 2029 2030: 1 bond, ₹67 Cr tracked, avg coupon 7.75% 1 bond 2030 2040: 1 bond, ₹483 Cr tracked, avg coupon 7.80% 1 bond 2040 2042+: 1 bond, ₹112 Cr tracked, avg coupon 7.99% 1 bond 2042+

Security Type / Instrument Mix

  • NCD 7 bonds · 100% · ₹995 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)
2025: ₹995 Cr issued 2025 Cumulative: ₹995 Cr

Based on 7 of 7 active bonds with a known issue date and issue size.

03 Credit Profile
  • AA 7 bonds · 100%
AgencyRatingOutlookBonds
CRISIL AA+ Stable 7

Recent Rating Actions

AA+
⊘ Withdrawn · Stable
04 Outstanding Bonds View all bonds →
ISIN Bond Name Coupon Rating Maturity YTM Last Trade Details
INE0YRB07076 Adani Transmission Step-Two 7.70% Dec 2026 NCD 7.70% AA+ (CRISIL) 2026-12-31 — —
INE0YRB07068 Adani Transmission Step-Two 7.70% Sep 2027 NCD 7.70% AA+ (CRISIL) 2027-09-30 — —
INE0YRB07050 Adani Transmission Step-Two 7.70% Sep 2028 NCD 7.70% AA+ (CRISIL) 2028-09-30 — —
INE0YRB07043 Adani Transmission Step-Two 7.75% Sep 2029 NCD 7.75% AA+ (CRISIL) 2029-09-30 — 2026-09-29
INE0YRB07019 Adani Transmission Step-Two 7.75% Sep 2030 NCD 7.75% AA+ (CRISIL) 2030-09-30 — 2026-09-07
INE0YRB07027 Adani Transmission Step-Two 7.80% Sep 2040 NCD 7.80% AA+ (CRISIL) 2040-09-30 — —
INE0YRB07035 Adani Transmission Step-Two 7.99% Sep 2042 NCD 7.99% AA+ (CRISIL) 2042-09-30 — 2026-09-30
Compare (/) Compare Bonds

YTM is the market yield from the latest BSE/NSE trade. It shows “—” when that trade is over 30 days old, the bond is under 30 days from maturity, it is a market-linked debenture, or the price failed our checks (hover the dash for the reason). A coupon is never shown as a yield.

05 Market Activity

No recorded secondary-market trades in the last 30 days.

06 Regulatory Filings
Credit Rating Rationale
07 Methodology & Data Coverage
DatasetCountFreshness
Credit Ratings (current) 7 2025-10-31
Rating Actions History 1 2026-10-13
Secondary-Market Trades 22 2026-09-30
Reg52(4) Payment Disclosures 0 —

Methodology version 1.0. See full methodology for sources and limitations.

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Frequently Asked Questions
How many active bonds does Adani Transmission Step-Two Limited have?

Adani Transmission Step-Two Limited currently has 7 active bonds with coupons of 7.70% - 7.99%, maturities spanning 2026 - 2042.

What is Adani Transmission Step-Two Limited's credit rating?

The most common current rating on Adani Transmission Step-Two Limited's senior bonds is AA+ (CRISIL). Ratings on file come from CRISIL.

Are Adani Transmission Step-Two Limited's bonds secured?

Of the 7 bonds with a disclosed security status, 7 are secured (100%) and 0 are unsecured.

When do Adani Transmission Step-Two Limited's bonds mature?

Adani Transmission Step-Two Limited's active bonds mature between 2026 - 2042; the nearest matures in Dec 2026; the average tenure is 5.6 Yrs.

What is the average coupon on Adani Transmission Step-Two Limited's bonds?

The average coupon across Adani Transmission Step-Two Limited's 7 active bonds is 7.77%.

Disclaimer: This page aggregates publicly available data about Adani Transmission Step-Two Limited for informational purposes only. Ratings shown are the opinion of the issuing rating agency and are not buy/sell recommendations. RetailBonds.in does not issue its own ratings or investment advice. Verify all data against the issuer’s offer document before transacting.