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ICRA reaffirms long-term rating of Deepak Nitrite at ‘AA’

22 Mar 2022 Evaluate

Credit rating agency -- ICRA has reaffirmed long-term rating of Deepak Nitrite at ‘AA’ and Short Term rating at ‘A1+’ for Rs 490 crore bank facilities and Rs 200 crore Commercial Paper (CP). The outlook on the long-term rating has been revised to positive from stable.

Besides, the rating agency upgraded long term rating of Deepak Phenolics (DPL), a wholly owned subsidiary of the Deepak Nitrite from ‘AA-’ to ‘AA’ and re-affirmed Short Term rating at ‘A1+’ for Rs 756.27 crore bank facilities. The outlook on the long-term rating has been revised to positive from stable.

Deepak Nitrite is a leading manufacturer of organic, inorganic, fine and specialty chemicals.

Deepak Nitrite Share Price

1875.25 20.55 (1.11%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
BASF India 4035.90
Tata Chemicals 782.10
SRF 2780.75
Pidilite Inds. 1476.15
Deepak Nitrite 1875.25
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