JSW Energy has announced that India Ratings and Research Private Limited (Ind-Ra) has assigned credit ratings to three of its step-down subsidiaries. The rating agency released its assessment on December 16, 2025, covering the long-term bank facilities of these renewable energy entities.

Credit Rating Details

India Ratings has assigned IND A/Stable ratings to the following subsidiaries:

The ratings apply specifically to the long-term bank facilities of these three step-down subsidiaries of JSW Energy Limited.

Regulatory Compliance

JSW Energy disclosed this information through a regulatory filing dated December 17, 2025, in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company filed the disclosure with both BSE Limited and the National Stock Exchange of India.

Rating Agency Information

The press release regarding these rating assignments is available on India Ratings' official website at www.indiaratings.co.in . India Ratings and Research Private Limited is the rating agency that conducted the assessment and assigned the credit ratings to these renewable energy subsidiaries.

The IND A rating category typically indicates adequate safety for timely servicing of financial obligations, while the stable outlook suggests that the rating is unlikely to change in the near term. These ratings provide important information for stakeholders regarding the creditworthiness of JSW Energy's renewable energy subsidiaries.

JSW Energy has received an upgraded rating from global brokerage CLSA, which has revised its recommendation to 'Hold' with a target price of ₹486 per share.

Brokerage Recommendation Details

The upgrade by CLSA represents a positive shift in the brokerage's assessment of the power generation and distribution company. The new target price of ₹486 indicates the brokerage's expectations for the stock's potential performance.

Company Profile

JSW Energy operates in the power generation and distribution sector and is classified as a large-cap company. The company is part of the JSW Group and has established itself as a significant player in India's power sector.

The brokerage upgrade comes as analysts continue to evaluate power sector companies based on their operational performance, capacity additions, and market dynamics. CLSA's revised stance suggests improved confidence in JSW Energy's business prospects and financial outlook.