OTHER GROUP COMPANIES
market

Ind Ra reaffirms JSW Energy-led Jaigad PowerTransco's bank loans at 'AA/Stable'

The affirmation reflects JPTL’s robust availability track record since the commencement of operations in 2010.

June 29, 2022 3:15 IST | India Infoline News Service
JSW Energy Limited has informed that India Ratings and Research (Ind-Ra), on June 28, 2022, has reaffirmed the rating of the long term fund based working capital facilities of Jaigad PowerTransco Limited (JPTL), a subsidiary of the Company.

As per the press release the ratings are reaffirmed as 'IND AA/Stable' and Ind Ra has withdrawn JPTL’s term loan rating.

The affirmation reflects JPTL’s robust availability track record since the commencement of operations in 2010, along with a comfortable financial performance with stable EBITDA and receivable days at FYE22.

Moreover. the project has prepaid the entire term debt with its surplus cash, resulting in a significant improvement in the credit metrics.

At around 3:15 PM, JSW Energy was trading at Rs216.20 per share down by Rs3.4 or 1.55% from its previous closing of Rs219.60 per share on the BSE.

OPEN A DEMAT ACCOUNT & Get
FREE Benefits Worth 5,000

FEATURED ARTICLE

BLOGS

Open Demat Account

  • 0

    Per Order for ETF & Mutual Funds Brokerage

  • 20

    Per Order for Delivery, Intraday, F&O, Currency & Commodity