NSECredit Rating- Others3 Jul 2026 · 3 Jul 2026, 06:43 pm
Credit Rating- Others
Jaiprakash Power Ventures Limited · JPPOWER
✦ AI SummaryRegulatory
Jaiprakash Power Ventures Limited has informed the Exchange about the withdrawal of its bank loan facilities ratings by India Ratings and Research Pvt Ltd, as per the issuer's request, due to the company not envisaging any short-term bank loan facilities in the future.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern3/10
Regulatory Risk8/10
Balance Sheet Risk4/10
Liquidity Impact6/10
Market Sentiment5/10
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
Jaiprakash Power Ventures Limited has informed the Exchange about Credit Rating- withdrawal
Attachments (1)
📄pdf
Download →
JPPOWER_03072026184204_JPVL-Disclosure_on_Ratings.pdf
View document text
JAIPRAKASH
POWER VENTURES LIMITED
Ref: JPVL:SEC:2026 3rd July, 2026
The Manager The Manager
Listing Department Listing Department
National Stock Exchange of India Ltd., B SE Limited,
"Exchange Plaza", C-1, Block G, 2 5 th F l o o r , New Trading Ring, Rotunda
Bandra-Kurla Complex, Building,
Bandra (E), P J Towers, Dalal Street, Fort,
Mumbai -400 051 Mumbai - 400 001
Scrip Code: JPPOWER Scrip Code: 532627
Sub: Credit Rating Update
Dear Sir/Madam,
In terms of Regulation 30(6) of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, we hereby inform that at the request of Company and on the basis
that the Company is not envisaging any short term bank loan facilities in future, India
Ratings and Research Pvt Ltd. has withdrawn the credit rating assigned to the bank loan
facilities of the Company‘s request.
Sr. Instrument type Size of Issue Rating assigned Rating Action
No. (Rs in million) (alongwith
Watch/ Outlook)
1 Bank loan 5,000 WD Withdrawn
Facilities
The communication of India Ratings and Research Pvt Ltd. is attached.
Thanking You,
Yours faithfully
For Jaiprakash Power Ventures Limited
(MAHESH CHATURVEDI)
GM & COMPANY SECRETARY
FCS: 3188
Encl: As above
Corp. Office 'JA House', 63, Basant Lok, Vasant Vihar, New Delhi - 110 057 (India) Ph.:+91(11) 49828500 Fax:+91(11) 26145289
Regd. Office Complex of Jaypee Nigrie Super Thermal Power Plant, Nigrie Tehsil Sarai,
Distt. Singrauli - 486669,(M.P.) Ph. : +91 (7801) 286021-39 Fax : +91 (7801) 286020
E-mail : jpvl.investor@jalindia.co.in, Website : www.jppowerventures.com
CIN : L40101MP1994PLC042920
Title
India Ratings Withdraws Jaiprakash Power Ventures Limited's Ratings
Brief
India Ratings and Research (Ind-Ra) has withdrawn Jaiprakash Power Ventures Limited (JPVL) bank loan facilities ratings on
receipt of withdrawal request from the issuer. The detailed rating actions are as follows:
Details of Instruments
Instrument Date of Coupon Rate Maturity Size of Issue Rating Assigned along with Rating
Type Issuance (%) Date (million) Watch/Outlook Action
Bank loan
5,000 WD Withdrawn
facilities
WD - Rating Withdrawn
Detailed Rationale of the Rating Action
Ind-Ra is no longer required to maintain the ratings, as the agency has received withdrawal request from the issuer. This is
consistent with Ind-Ra’s Policy on Withdrawal of Ratings. Ind-Ra will no longer provide analytical and rating coverage for the
company.
About the Company
JPVL, incorporated in 1994, operates 2,220 MW of power plants divided amongst three plants - 500 MW at Bina thermal
power plant, 1,320 MW at Nigrie thermal power plant and 400 MW at Vishnuprayag hydro power plant. Earlier, Jaiprakash
Power Ventures Limited’s (JPVL) promoter, Jaiprakash Associates Limited (JAL), was holding 24% stake in JPVL, which has
now been acquired by Adani Power Limited.
Applicable Criteria
Evaluating Corporate Governance
Corporate Rating Methodology
Short-Term Ratings Criteria for Non-Financial Corporates
The Rating Process
Status of Non-Cooperation with Previous Rating Agency
Rating History
Current Rating/Outlook Historical Rating/Outlook
Instrument Type Rating Rated Limits Current 27 January
24 April 2026
Type (million) Rating 2025
Bank loan Short- IND A2+/Rating Watch with Developing
INR5,000.00 WD IND A2+
facilities term Implications
Bank wise Facilities Details
Bank Instrument Rated Amount (INR Issuance Maturity
Coupon Rating/OutlookSublimit
Name Description million) Date Date
NA Short term loans - - WD False
Annexure
Contact
Raghav Gupta
Analyst
+91 12 46687220
Paras Pal
Senior Analyst
+91 12 46687241
Media Relations
Ameya Bodkhe
Marketing Manager
+91 22 40356121