Credit rating agency, CRISIL has reaffirmed ‘A’ rating with stable outlook for long term bank facility of Insecticides, India. Crisil has also upgraded the company’s short term bank facilities rating from ‘A2+’ to ‘A1’. Total bank loan facilities are worth Rs 6.5 billion.
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.
