JSW Energy’s subsidiary Mytrah Vayu receives ICRA A-/Stable rating

Kinjal — Wed, 25 Mar 2026 13:03:51 +0000

JSW Energy’s step-down subsidiary, Mytrah Vayu (Tungabhadra) Private Limited, has received a reaffirmed credit rating from ICRA Limited. The rating agency has assigned an ‘ICRA A-/Stable’ rating for the long-term bank facilities of the subsidiary, as per the release dated 24th March 2026.

The reaffirmation of the credit rating reflects the financial stability and operational efficiency of Mytrah Vayu (Tungabhadra) Private Limited. This rating is indicative of the company’s adequate capacity to meet its financial commitments, with the ‘Stable’ outlook suggesting that the rating is unlikely to change in the near term.

ICRA’s assessment considers various factors, including the company’s business risk profile, financial performance, and the strategic importance of the subsidiary within the JSW Energy group. The reaffirmed rating is expected to support the subsidiary’s ability to secure and maintain favourable banking terms and conditions.

The press release detailing the rating assignment is available on ICRA’s official website.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Monica Chopra | Business Upturn

JSW Energy’s subsidiary Mytrah Vayu receives ICRA A-/Stable rating