India Ratings and Research (Ind-Ra), vide the release dated 5th July, 2022, has assigned a final rating as ‘IND A+/Stable’ of the rupee term loan and bank guarantee facilities of ‘JSW Energy (Kutehr) Limited’, a subsidiary of the Company.
JSWEKL plans to develop a hydroelectric project on the Ravi river in the Chamba district of Himachal Pradesh. The project has been envisaged as a run-of-the-river scheme in the upper reaches of the river, with project area lying between longitudes 76027’30” and 76032’18” E and latitudes 32020’-37” and 32027’-58” N.
The project proposes to harness the head (difference in water height level) available between Kutehr and Kharamukh villages, upstream of the under-construction Chamera-III hydroelectric project, and is accessible via the Chamba-Holi road. The barrage and powerhouse sites are approximately 70km and 50km, respectively, from Chamba.
JSWEKL is held 100% by JSW Neo Energy Limited, which is 100% held by JSWEL, the group’s flagship company for the energy sector.
>To know more about the Rating Drivers, click on this link : https://www.indiaratings.co.in/pressrelease/58879
The stock last hit in BSE,
- Intraday High of ₹ 209.85
- Intraday low of ₹ 198.05