Credit rating agency, CARE has reaffirmed ‘A1+’ rating to Gujarat State Fertilizers & Chemicals’ Short-term Debt / Commercial Paper Issue (STD/CP) issue worth Rs 500 crore. The company has received the said rating on the back of its established and integrated operations in fertilizers and industrial products, comfortable capital structure, healthy profitability, strong liquidity indicators, diversified revenue stream and dominant position in most of the products lines.
GSFC is a leading manufacturer of quality products of Chemical Fertilizers and Industrial Products. The company’s manufacturing units is located at Kosamba, Sikka and Nandesari. It has marketing network spread across India in states like Andhra Pradesh, Chhattisgarh, Gujarat, Haryana, Karnataka, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Daman and Uttar Pradesh.
