Credit rating agency, CARE has reaffirmed A+ rating to Dhunseri Petrochem & Tea’s long term bank facilities worth Rs 488.15 crore which was enhanced from Rs 459.1 crore
The rating agency has reaffirmed A+/ A1+ rating to the company’s Long term/ short term bank facilities worth Rs 450.0 crore, which was enhanced from Rs 423.44 crore.
The rating agency has also reaffirmed A1+ rating to the company’s short term facilities worth Rs 525.0 crore, which was enhanced from Rs 248.85 crore and short term debt (including CP) worth Rs 100 crore.
The company has received the said rating reaffirmation on the back of its relevant experience of the promoters and the management team and established long track record of the company in both petrochem and tea sectors.
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.
