JSW Energy fell 2.17% to Rs 69.95 after CARE Ratings assigned the rating of ''CARE AA-/Credit Watch with Negative implications'' for the company's Rs 300 crore non-convertible debenture (NCD) issue.
Further, the ratings on the outstanding NCDs are re-affirmed at ''CARE AA-/Credit Watch with Negative implications''. The announcement was made after market hours yesterday, 8 January 2020.
Meanwhile, the S&P BSE Sensex was up 562.35 points or 1.38% to 41,380.09.
JSW Energy is an integrated power company primarily engaged in generation and sale of power. Its business segments include power generation, power transmission, mining, power trading and equipment manufacturing.
The company's consolidated net profit rose 11.7% to Rs 352.98 crore on 12.8% decline in net sales to Rs 2,118.55 crore in Q2 September 2019 over Q2 September 2018.
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