Credit Analysis & Research (CARE) has assigned ‘AA-’ rating to Atul’s long term borrowing facilities worth Rs 257 crore and ‘A1+’ rating to its short term bank facilities worth Rs 178 crore. The rating agency also assigned ‘A1+’ rating to the company’s Commercial Paper worth Rs 50 crore.
Atul is a member of Lalbhai Group, one of the oldest business houses of India, with interests mainly in textiles and chemicals. The Group is strongly committed to serve the society in the fields of education, health as well as culture. The company operates through six business divisions, namely, Agrochemicals, Aromatics, Bulk Chemicals & Intermediates, Colors, Pharmaceuticals & Intermediates and Polymers.
