Credit rating agency, CARE has reaffirmed ‘BBB+’ rating to Jaiprakash Power Ventures’ long term bank facilities worth Rs 16,935.56 crore which was enhanced from 16,632.49 The company has received the said rating on the back of its experienced and resourceful promoter group, steady operating performance with growth in income and healthy profitability margins during FY12 and 9MFY13.
Jaiprakash Power Ventures is part of India’s leading Infrastructure conglomerate - Jaypee Group. Currently the company operates the largest hydroelectric power plant in the private sector in India. Its power projects which are in different stages of implementation include Hydro, Thermal and Transmission.
