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CRISIL reaffirms rating assigned to bank facilities of Insecticides India

21 Sep 2016 Evaluate

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.

Peers
Company Name CMP
UPL 516.00
PI Industries 2188.00
Bayer CropScience 3279.25
Sharda Cropchem 683.25
Sumitomo Chem. India 321.15
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