CARE reaffirms rating to Gujarat Alkalies and Chemicals’ bank facilities

23 Sep 2013 Evaluate

Credit rating agency, CARE has reaffirmed AA rating to Gujarat Alkalies and Chemicals’ long term bank facilities worth Rs 383.33 crore and A1+ rating to short term bank facilities worth Rs 45 crore.

The rating agency has also reaffirmed A1+ rating to the company’s Short Term Debt / Commercial Paper Issue (Standalone) worth Rs 100 crore.

The ratings continue to draw strength from the well-established position of GACL as a market leader in the domestic caustic chlorine industry along with its integrated operations resulting in a wide product portfolio and diversified end-use industries for its products.

Gujarat Alkalies and Chemicals is engaged in business of manufacturing basic chemicals such as sodium cyanide, sodium ferrocyanide, chloromethanes, hydrochloric acid, caustic potash, potassium carbonate, phosphoric acid (85%) and hydrogen peroxide.

Guj. Alkalies & Chem Share Price

708.30 -25.10 (-3.42%)
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