Announced Fri, 3 Jul · 18:32 IST
JPVL: India Ratings withdraws Rs 500 cr bank loan rating at company request
Credit & Debt View source PDF
JPPOWER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.1%1-day move
₹17.77
prior close
₹17.86
base price
After-mkt
timing
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AI summary
India Ratings has withdrawn the credit rating on JPVL's Rs 500 crore (5,000 million) short-term bank loan facilities at the company's request. Earlier rating was IND A2+ on Watch with Developing Implications. JPVL stated it does not plan to avail short-term bank loans in the future. JPVL operates 2,220 MW of power plants across Bina, Nigrie and Vishnuprayag. Promoter stake was acquired by Adani Power.
Likely market impact
Neutral. Withdrawal at company request as JPVL does not need short-term loans. Removes rating visibility for investors tracking this facility.