Credit rating agency, CRISIL has reaffirmed Bank Loan Ratings to Insecticides India’s bank facilities for Long-term Rating (Fund Based as Cash Credit/Term Loan/Overdraft and Working Capital Facility) at ‘A/Negative’ and Short-term Rating (Non-fund Based as Letter of Credit/Buyer’s Credit) at ‘A2+’.
Insecticides (India) is a leading agro-chemical and pesticides manufacturer. The company has formulation facilities in Chopanki in Rajasthan, Samba and Udhampur in Jammu & Kashmir and Dahej in Gujarat. It also has plants at Chopanki and Dahej to manufacture technical grade chemicals.