Gujarat Alkalies and Chemicals Limited has informed the Exchange about Credit Rating
GUJALKALI · price
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Awaiting price reaction for this filing.
CARE Ratings has reaffirmed the credit ratings for Gujarat Alkalies and Chemicals Limited's bank facilities and commercial paper. Long-term bank facilities of Rs. 482.34 crore retained 'CARE AA; Stable' rating, while short-term bank facilities of Rs. 339.50 crore and the Rs. 100 crore commercial paper issue retained 'CARE A1+' rating. The long-term facility amount has been reduced from Rs. 598.42 crore earlier, indicating some debt repayment. The ratings were reviewed on the basis of the company's audited FY25 operational and financial performance. GACL is promoted by the Government of Gujarat and is a major player in the chlor-alkali sector.
Reaffirmation of high investment-grade ratings (AA Stable for long-term and A1+ for short-term) signals strong creditworthiness and stable financial health, which is positive for shareholders. The reduction in long-term debt further reflects prudent debt management.