Juniper Green Energy Ltd (JNPR) — Announcement | 16 September 2026

Juniper Green Energy Limited received an upgrade from ICRA Limited, raising its credit rating for non-fund-based limits to AA- (Stable)/A1+ and for term loans to AA- (Stable), up from A+ (Positive)/A1. The upgrade reflects improved capital structure post a Rs. 1,800 crore IPO, stronger project execution, and secured long-term PPAs. Operational capacity now stands at 2,689 MWp with 503 MWh BESS, supported by 25-year PPAs with major offtakers like SECI and NTPC. The rating action enhances financial credibility and reduces funding costs, though execution risks in under-construction projects remain monitored.