CRISIL upgrades ratings of PI Industries’ bank facilities

29 Nov 2013

Credit rating agency, CRISIL has upgraded ‘AA- /Stable’ rating to PI Industries’ Long Term bank facilities from’ A+/Stable’  and A1+ rating to Short Term bank facilities from ‘A1’. Long Term and Short Term Bank Facilities are together worth a total of Rs 390.00 crore.

PI Industries focuses on Agri-Input and Custom Synthesis with strength of over 1,400 employees. PI Industries currently operates three formulation and two manufacturing facilities as well as five multi-product plants under its three manufacturing locations across Jammu and Gujarat.

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