JSW Energy Limited's step-down subsidiary, JSW Renewable Energy (Dolvi) Limited, has received a credit rating for its long-term bank loan facilities. India Ratings and Research (Ind-Ra) has assigned an 'IND A+/Stable' rating to the company's long-term bank loans, as announced on October 30, 2025.

Rating Details

Significance of the Rating

The 'IND A+' rating indicates a strong degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk.

Corporate Disclosure

JSW Energy Limited, the parent company, promptly disclosed this development to the stock exchanges in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's commitment to transparency is evident in its immediate communication of this credit rating to its stakeholders.

About JSW Energy Limited

JSW Energy Limited is part of the O.P. Jindal Group, with its registered office at JSW Centre, Bandra Kurla Complex, Mumbai. The company continues to expand its presence in the renewable energy sector through its subsidiaries.

This credit rating for JSW Renewable Energy (Dolvi) Limited reflects the company's financial stability and may potentially impact its ability to secure financing for future projects in the renewable energy sector.

JSW Energy , a key player in India's power sector, is set to make significant strides in green energy initiatives while reporting mixed financial results for the July-September quarter.

Battery Plant and Green Hydrogen Project

JSW Energy plans to operationalize its 5-GWh battery assembly plant in Pune, Maharashtra, in the third quarter. This facility is expected to support Battery Energy Storage Systems and help meet domestic content requirements when mandated.

In a parallel development, Joint Managing Director and CEO Sharad Mahendra announced that trial runs for the company's green hydrogen project at Vijayanagar are nearing completion. This project boasts a capacity of 3,800 tonnes per annum, marking JSW Energy's commitment to sustainable energy solutions.

Financial Performance

The company's financial results for the July-September period present a mixed picture:

Despite a significant 59.00% year-on-year increase in revenue, JSW Energy experienced a 17.00% decline in consolidated net profit compared to the same quarter last year.

Future Outlook and Capacity Goals

JSW Energy has set ambitious targets for its future growth:

• Current locked-in storage capacity: 29.4 GWh
• Agreements signed for: 25.2 GWh
• 2030 targets:
  • Generation capacity: 30 GW
  • Storage capacity: 40 GWh

These goals underscore the company's commitment to expanding its presence in the renewable energy sector and energy storage solutions.

As JSW Energy continues to navigate the evolving energy landscape, its focus on green initiatives and capacity expansion could position it as a significant player in India's transition towards sustainable energy sources. However, the impact of these investments on the company's financial performance remains to be seen in the coming quarters.