ScoutQuest29 Sep 2026
Juniper Green Energy544853Credit rating upgrade

Ind-Ra assigns IND AA/Stable on Rs.417 crore Sigma bank loans; ICRA assigns [ICRA]A+ (Stable) on Rs.472.16 crore Spark Ten term loan

INR4,170.00 (million)Sigma total rated limits
Sigma bank loan facilities assigned367.00 (in Crores)
Sigma bank loan facilities converted to final50.00 (in Crores)
Sigma total rated limits INR4,170.00 (million): Sigma bank loan facilities assigned 367.00 (in Crores), Sigma bank loan facilities converted to final 50.00 (in Crores).
Rating Agency
Ind-Ra assigned IND AA/Stable
Loan Amount Rated
Rs.367 crore bank loans
Provisional Rating Converted
Rs.50 crore converted from Provisional IND AA/Stable
ICRA Rating
[ICRA]A+ (Stable) assigned to Spark Ten's Rs.472.16 crore term loan
Agency
India Ratings and Research Private Limited; ICRA Limited

Ind-Ra assigns IND AA/Stable on Rs.417 crore Sigma bank loans; ICRA assigns [ICRA]A+ (Stable) on Rs.472.16 crore Spark Ten term loan.

IND AAAssigned · India Ratings and Research Private Limited; ICRA Limited
Assigned by India Ratings and Research Private Limited; ICRA Limited · IND AA · outlook Stable.
Previous provisional rating Provisional IND AA/Stable
Spark Ten project commissioning ahead of schedule
Press releases dated
Scheduled commissioning date original
Previous provisional rating 27 Feb 2026 · Spark Ten project commissioning 9 Sep 2026 · Press releases dated 29 Sep 2026 · Scheduled commissioning date 17 Nov 2026
More numbers
  • Sigma bank loan facilities assigned367.00 (in Crores)
  • Sigma bank loan facilities converted to final50.00 (in Crores)
  • Spark Ten term loan rated amount472.16 (Rs. crore)
  • Sigma total rated limitsINR4,170.00 (million)
  • Sigma liquidity as on 24 Aug 2026INR981.5 million
  • Sigma FY26 revenue from operations787.33 (INR Million)
  • Sigma FY26 EBITDA743.74 (INR Million)
  • JGEL IPO proceedsRs. 1,800 crore
  • Spark Ten cash as of Aug 2026Rs. 75 crore
  • Sigma FY26 EBITDA margin88.6%
Source: BSE · 29 Sep 2026

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