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CARE reaffirms ratings of Gujarat State Petronet’s bank facilities

31 Mar 2015 Evaluate

Credit rating agency, CARE has reaffirmed AA+ rating to Gujarat State Petronet’s long term Loans worth Rs 1055.72 crore and A1+ rating to short term bank facilities worth Rs 100 crore. The rating agency has also reaffirmed AA+/A1+ rating to the company’s long/ short-term bank facilities worth Rs 2812.00 crore.

The ratings continue to take into account Gujarat State Petronet’s (GSPL’s) position as one of the largest players in the gas transmission business in India together with its leadership position in Gujarat having strategic location with connection to all major natural gas supply sources along-with GSPL’s synergies with strong parent in the group’s integrated gas business. GSPL’s open access operating model, favourable capital structure, healthy profitability and comfortable liquidity position further acts as strong credit positives.

Gujarat State Petronet, a GSPC Group company is a pioneer in developing energy transportation infrastructure and connecting natural gas supply sources including LNG terminals to growing markets. GSPL is continuously expanding its pipeline network currently in Gujarat to reach the demand centres by laying gas pipeline network.

Guj. State Petronet Share Price

275.25 2.90 (1.06%)
20-Apr-2026 14:37 View Price Chart
Peers
Company Name CMP
GAIL India 158.25
Gujarat Gas 367.00
Indraprastha Gas 167.75
Mahanagar Gas 1138.70
Adani Total Gas 623.15
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