JSW Energy announced that the credit rating agency ICRA Limited has reaffirmed the rating for the long-term bank facilities of its step-down subsidiary, Mytrah Vayu (Tungabhadra) Private Limited. The reaffirmed rating is ‘ICRA A-/Stable’. This confirmation, communicated on March 24, 2026, reflects continued confidence in the subsidiary’s long-term financial stability and debt servicing capabilities within the renewable energy portfolio.
Credit Rating Confirmation for Subsidiary
JSW Energy Limited has disclosed an important update regarding the credit rating of one of its key subsidiaries, Mytrah Vayu (Tungabhadra) Private Limited. The company confirmed that ICRA Limited issued a release on March 24, 2026, pertaining to this entity.
Reaffirmed Rating Details
ICRA has reaffirmed the rating assigned to the long-term bank facilities of Mytrah Vayu (Tungabhadra) Private Limited. The official rating assigned is ‘ICRA A-/Stable’. This rating applies specifically to the long-term facilities utilized by the subsidiary, which operates as a step-down subsidiary of JSW Energy.
The full details of the press release issued by ICRA are made available on the rating agency’s official website, www.icra.in, for further detailed review by stakeholders.
Source: BSE
