ICRA reaffirms rating of GOCL Corporation’s bank facilities

Credit rating agency, ICRA has reaffirmed long-term rating of BBB and short-term rating of A3+ for Rs 105.00 crore fund based and non-fund based limits and $180 million term loan/ LOC facility of GOCL Corporation and the outlook on the long-term rating has been revised from Stable to Positive.

GOCL is engaged in manufacturing industrial explosives, mining products, lubricants, speciality oils and chemicals, active pharma ingredients (bulk drugs) and pharma formulations.