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India Glycols gets rating up-gradation from Fitch Ratings for bank facilities

05 Jul 2012 Evaluate

India Glycols has received rating up-gradation from Fitch Ratings. The rating agency has upgraded the company’s Rs 745.67 crore long-term loans rating to A-(ind) from BBB+ (ind). The rating agency has also upgraded the company’s Rs 405 crore fund-based limits rating to A-(ind) from BBB+(ind) and national short term rating to A2+(ind) from A2(ind). Further, it has upgraded the company’s Rs 775 crore non-fund-based limits to A2+ (ind) from A2 (ind).

The upgrade reflects the company’s improved credit metrics due to a consistent improvement in its profitability and revenue since FY10 (year end March).

India Glycols (IGL) is engaged in the business of manufacturing glycols, ethoxylates and PEGs, performance chemicals, glycol ether and acetates, guar gum and potable alcohol. Promoted by Vam Organics, the company was incorporated under the name as UP Glycols.

India Glycols Share Price

963.80 27.50 (2.94%)
16-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
United Spirits 1254.65
United Breweries 1459.15
Radico Khaitan 3035.70
India Glycols 963.80
Allied Blenders 539.90
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