Credit rating agency, CARE has reaffirmed A+ rating to Dhunseri Petrochem & Tea’s long term bank facilities. The rating agency has also reaffirmed A1+ rating to the company’s short term facilities and Short Term Debt (STD) programme (including Commercial Paper) of Rs 100 crore for a maturity up to six months.
Dhunseri Petrochem & Tea is the flagship company of the Kolkata based Dhunseri group belonging to Dhanuka family. The company is engaged in cultivation, manufacture and sale of tea with 11 tea gardens (all of them located in and around Assam) and manufacturing of PET resins.