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U.P. Power Corporation Limited — Bonds & A+ (CRISIL) Rating

Corporate · Power & Energy

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Methodology v1.0 Download Report (PDF) Watch
Agency Rating
A+ (CRISIL)
Most common current rating on senior bonds
12 of 13 rated · CRISIL, 31 Oct 2022
Total Debt Outstanding
₹21,121 Cr
Across 20 instruments
Active Bonds
20
First Issue
4 Jul 2016
Latest Issue
7 Oct 2022
Maturity Range
2027 - 2032
Observation
20 active bonds tracked from this issuer.
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Coverage: High Data Quality: High Sources: NSE, BSE, SEBI, rating agencies
Issuer health card 2 items to look at
  • Current ratings CRISIL A+, Brickwork AA, India Ratings A+
  • Rating range Current ratings range from A+ (CRISIL 31 Oct 2022, India Ratings 31 Oct 2022) to AA (Brickwork 31 Mar 2017)
  • Rating direction, 12 months No rating actions on file
  • 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  • Rating withdrawn, 12 months No withdrawal of this issuer's rating in 12 months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 2022
  • Payment record No payment disclosures since 17 Jul 2026
  • Defaults on record No bond marked defaulted
  • Traded in the last 30 days 9 of 20 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names this issuer, not pools or trusts it originated; a withdrawal is flagged only when the issuer's rating itself is withdrawn, not a single facility.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 U.P. Power Corporation 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
Power & Energy
Issuer Type
Corporate
First Tracked Bond
4 Jul 2016
Start of this issuer's debt program timeline
  • 20 active bonds tracked from this issuer.
  • 17 of 20 tracked bonds with a stated security status are secured. (based on 20 bonds with a disclosed security status)

Operating in the Power & Energy sector, U.P. Power Corporation Limited is classified as a corporate issuer. Bond coupons here span 8.48% - 10.15%, paid quarterly. The maturity ladder spans 2027 - 2032.

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
20
Tracked by RetailBonds
Amount Tracked
₹21,121 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt
Avg Coupon
9.72%
Range 8.48% - 10.15%
Avg Remaining Tenure
2.6 Yrs
Nearest maturity Jan 2027
Secured
85%
17 of 20 bonds with known status
Callable
0
Of 20 bonds
Avg Spread vs G-Sec
+159 bps
Credit premium, from 9 bonds with a current market yield

Maturity Profile

Active bonds maturing, by year. Bar height relative to the tallest year (6 bonds).

0 2027: 6 bonds, ₹3,534 Cr tracked, avg coupon 9.50% 6 bonds 2027 2028: 3 bonds, ₹1,576 Cr tracked, avg coupon 9.93% 3 bonds 2028 2029: 2 bonds, ₹930 Cr tracked, avg coupon 9.82% 2 bonds 2029 2030: 2 bonds, ₹930 Cr tracked, avg coupon 9.82% 2 bonds 2030 2031: 4 bonds, ₹12,307 Cr tracked, avg coupon 9.76% 4 bonds 2031 2032: 3 bonds, ₹1,845 Cr tracked, avg coupon 9.78% 3 bonds 2032

Security Type / Instrument Mix

  • NCD 20 bonds · 100% · ₹21,121 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)
2016: ₹11,377 Cr issued 2016 2017: ₹2,873 Cr issued 2017 2018: ₹1,292 Cr issued 2018 2022: ₹5,579 Cr issued 2022 Cumulative: ₹11,377 Cr Cumulative: ₹14,250 Cr Cumulative: ₹15,542 Cr Cumulative: ₹21,121 Cr

Based on 20 of 20 active bonds with a known issue date and issue size.

03 Credit Profile
  • AA 3 bonds · 15%
  • A 14 bonds · 70%
  • Unrated 3 bonds · 15%
AgencyRatingOutlookBonds
CRISIL A+ — 11
Brickwork AA — 1
India Ratings A+ — 1
Brickwork AA NSDL record — 1
Brickwork AA- NSDL record — 1
CRISIL A+ NSDL record — 1
India Ratings A+ NSDL record — 1

Recent Rating Actions

No rating action history available.

04 Outstanding Bonds View all bonds →
ISIN Bond Name Coupon Rating Maturity YTM Last Trade Details
INE540P07343 U.P. Power Corporation 10.15% Jan 2027 NCD 10.15% AA- (Brickwork, NSDL record 2018) 2027-01-20 — 2026-09-03
INE540P07103 U.P. Power Corporation 8.97% Feb 2027 NCD 8.97% AA (Brickwork) 2027-02-15 — —
INE540P07178 U.P. Power Corporation 8.48% Mar 2027 NCD 8.48% AA (Brickwork, NSDL record 2017) 2027-03-15 — —
INE540P07467 U.P. Power Corporation 9.95% Mar 2027 NCD 9.95% A+ (CRISIL) 2027-03-31 — 2026-08-28
INE540P07384 U.P. Power Corporation 9.70% Mar 2027 NCD 9.70% A+ (CRISIL) 2027-03-31 8.05% 2026-10-29
INE540P07269 U.P. Power Corporation 9.75% Oct 2027 NCD 9.75% A+ (CRISIL, NSDL record 2017) 2027-10-20 9.81% 2026-11-06
INE540P07350 U.P. Power Corporation 10.15% Jan 2028 NCD 10.15% A+ (India Ratings, NSDL record 2018) 2028-01-20 — 2026-10-07
INE540P07475 U.P. Power Corporation 9.95% Mar 2028 NCD 9.95% A+ (CRISIL) 2028-03-31 8.23% 2026-10-30
INE540P07392 U.P. Power Corporation 9.70% Mar 2028 NCD 9.70% A+ (CRISIL) 2028-03-31 8.76% 2026-11-03
INE540P07483 U.P. Power Corporation 9.95% Mar 2029 NCD 9.95% A+ (CRISIL) 2029-03-30 9.19% 2026-11-05
INE540P07400 U.P. Power Corporation 9.70% Mar 2029 NCD 9.70% A+ (CRISIL) 2029-03-30 8.10% 2026-11-06
INE540P07491 U.P. Power Corporation 9.95% Mar 2030 NCD 9.95% A+ (CRISIL) 2030-03-29 — 2026-10-01
INE540P07418 U.P. Power Corporation 9.70% Mar 2030 NCD 9.70% A+ (CRISIL) 2030-03-29 8.10% 2026-10-26
INE540P07509 U.P. Power Corporation 9.95% Mar 2031 NCD 9.95% A+ (CRISIL) 2031-03-31 — 2026-09-18
INE540P07426 U.P. Power Corporation 9.70% Mar 2031 NCD 9.70% A+ (CRISIL) 2031-03-31 — 2026-09-01
INE540P08028 U.P. Power Corporation 9.70% Jul 2031 NCD 9.70% — 2031-07-04 — 2026-09-30
INE540P08036 U.P. Power Corporation 9.70% Sep 2031 NCD 9.70% — 2031-09-26 — —
INE540P07517 U.P. Power Corporation 9.95% Mar 2032 NCD 9.95% A+ (India Ratings) 2032-03-22 9.21% 2026-10-26
INE540P07434 U.P. Power Corporation 9.70% Mar 2032 NCD 9.70% A+ (CRISIL) 2032-03-22 8.03% 2026-10-08
INE540P08051 U.P. Power Corporation 9.70% Mar 2032 NCD 9.70% — 2032-03-30 — —
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

Last 30 days, across all outstanding bonds from this issuer.

BSE Traded Value (Last 30 Days)
—
Number of Trades (Last 30 Days)
27
Avg. Yield (Last 30 Days)
8.61%
06 Regulatory Filings

No regulatory filings captured yet for this issuer.

07 Methodology & Data Coverage
DatasetCountFreshness
Credit Ratings (current) 17 2022-10-31
Rating Actions History 0 —
Secondary-Market Trades 185 2026-11-06
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 U.P. Power Corporation Limited have?

U.P. Power Corporation Limited currently has 20 active bonds with coupons of 8.48% - 10.15%, maturities spanning 2027 - 2032.

What is U.P. Power Corporation Limited's credit rating?

The most common current rating on U.P. Power Corporation Limited's senior bonds is A+ (CRISIL). Ratings on file come from Brickwork, CRISIL, India Ratings.

Are U.P. Power Corporation Limited's bonds secured?

Of the 20 bonds with a disclosed security status, 17 are secured (85%) and 3 are unsecured.

When do U.P. Power Corporation Limited's bonds mature?

U.P. Power Corporation Limited's active bonds mature between 2027 - 2032; the nearest matures in Jan 2027; the average tenure is 2.6 Yrs.

What is the average coupon on U.P. Power Corporation Limited's bonds?

The average coupon across U.P. Power Corporation Limited's 20 active bonds is 9.72%.

Disclaimer: This page aggregates publicly available data about U.P. Power Corporation 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.