Credit rating agency, CARE has reaffirmed ‘AA+’ rating to Gujarat State Fertilizers & Chemicals’ (GSFC’s) long term bank facilities worth Rs 465 crore and ‘A1+’ rating to short term bank facilities worth Rs 2700 crore. Further, the rating agency has also reaffirmed ‘A1+’ rating to the company’s Commercial Paper Issue worth Rs 500 crore.
The ratings of GSFC continue to take into account its established and integrated operations in fertilizers and industrial products with a diversified product profile, dominant market position in most of its products and efficient energy consumption parameters for urea and other plant operations with most of the plants operating at optimum capacity. The ratings also continue to reflect its comfortable leverage and high financial flexibility with comfortable liquidity indicators.
GSFC is a leading manufacturer of quality products of Chemical Fertilizers and Industrial Products. The company’s manufacturing units is located at Kosamba, Sikka and Nandesari. It has marketing network spread across India in states like Andhra Pradesh, Chhattisgarh, Gujarat, Haryana, Karnataka, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Daman and Uttar Pradesh.
| Company Name | CMP |
|---|---|
| Coromandel Interntl. | 1994.45 |
| National Fertilizers | 75.89 |
| RCF | 128.20 |
| Chambal Fert & Chem | 440.45 |
| Paradeep Phosphates | 133.65 |
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