Credit rating agency, CARE has reaffirmed ‘BBB-’ rating to Khaitan Chemicals & Fertilizers’ long term bank facilities worth Rs 224.92 crore, which was enhanced from Rs 193.44 crore and ‘A3’ rating to company’s Short term Bank Facilities worth Rs 150 crore, which was reduced from Rs 200 crore.
The company has received the rating on the back of its established position in Single Super Phosphate (SSP) segment of fertilizer industry and its experienced management team.
Khaitan Chemicals & Fertilizers (KCFL) is one of the largest manufacturers of SSP in India with total installed capacity of 911,500 metric tonne per annum (MTPA). The company also has an installed solvent extraction capacity of 420,000 MTPA and edible oil refining capacity of 30,000 MTPA for its soya division.
Company Name | CMP |
---|---|
Coromandel Interntl. | 1089.95 |
National Fertilizers | 104.80 |
Chambal Fert & Chem | 402.05 |
RCF | 151.95 |
Paradeep Phosphates | 72.20 |
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