Tata Chemicals has received the rating reaffirmation from credit rating agency, CRISIL for its debt programme. The rating agency has reaffirmed A1+ rating to Rs 100 crore short-term debt programme of the company.
The company has received the said rating on the back of its strong business risk profile, marked by diverse revenue streams and high operating efficiency, and its healthy financial risk profile marked by strong liquidity.
Tata Chemicals is the second largest producer of soda ash in the world with manufacturing facilities spread across four continents. TCL is market leader in iodized salt segment and leading manufacturer of urea and phosphatic fertilizers. Its urea plant in Babrala in Uttar Pradesh is most energy efficient fertilizer plant in country.