Bankers / Auditors / Rating

Bankers - Vadodara Station

  • Central Bank of India
  • State Bank of India
  • Bank of Baroda
  • Oriental Bank of Commerce
  • IDBI Bank Limited
  • Indian Overseas Bank

Bankers - Surat Lignite Power Plant

  • Syndicate Bank
  • State Bank of India
  • Oriental Bank of Commerce
  • Indian Overseas Bank
  • Kotak Mahindra Bank
  • Karur Vysya Bank
  • Central Bank of India
  • Union Bank of India
  • Bank of Baroda


  • Statutory Auditors:
    M/s. CNK & Associates LLP, Chartered Accountants, Vadodara
  • Secretarial Auditors:
    M/s. TNT & Associates, Practicing Company Secretaries, Vadodara
  • Internal Auditors:
    M/s. K.N.Mehta & Co., Chartered Accountants, Vadodara
  • Cost Auditors
    M/s Diwanji & Company, Cost Accountants, Vadodara

CARE Rating

The Company's Short Term and Long Term Debt have been rated by Credit Analysis & Research Limited (CARE) and their current ratings as per CARE's long term and short term facilities rating process are as under:

 “CARE AA-; Stable” in respect of Long-term Bank facilities 

“CARE AA-; Stable / CARE A1+” in respect of Long Term/Short Term Bank Facilities 

“CARE A1+” in respect of Short Term Bank Facilities 

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