Credit rating agency, CARE has reaffirmed AA+ rating to Gujarat State Petronet’s long-term bank facilities worth Rs 1214.53 crore and Rs 200.00 crore. The rating agency has also reaffirmed A1+ rating to the company’s short-term bank facilities worth Rs 100 crore and Rs 200 crore, respectively.
Gujarat State Petronet is a subsidiary Gujarat State Petroleum Corporation (GSPC). It has taken initiative in developing energy transportation infrastructure in Gujarat and connecting major natural gas supply sources and demand markets.
