OTHER GROUP COMPANIES
market

Ind Ra affirms Gujarat State Fertilisers & Chemicals' rating at 'AA+/Stable'

To arrive at the ratings, Ind-Ra continues to take a consolidated view of GSFC and its subsidiaries.

December 28, 2021 12:10 IST | India Infoline News Service
India Ratings and Research (Ind-Ra) has affirmed Gujarat State Fertilisers & Chemicals Limited’s (GSFC) Long-Term Issuer Rating at ‘IND AA+’. The Outlook is Stable.

Accordingly, the short term ratings has been affirmed to IND A1+

According to the rationale report, to arrive at the ratings, Ind-Ra continues to take a consolidated view of GSFC and its subsidiaries - GSFC Agrotech Limited (100% stake),Gujarat Arogya Seva Pvt. Ltd.(50.94%), Gujarat Port and Logistics Company Limited (60%) and Vadodara Jal Sanchay Private Limited (60%) – and its associates - Vadodara Enviro Channel Limited, Gujarat Green Revolution Company Limited and Karnalyte Resources Inc - owing to the significant operational and financial linkages between the entities. 

At around 12:12 PM, Gujarat State Fertilizers & Chemicals was trading at Rs119.95 apiece up by Rs0.55 or 0.46% on the BSE.

Invest wise with Expert advice

FEATURED ARTICLE

BLOGS

Open Demat Account

Invest wise with Expert advice

By continuing, I accept the Terms & Conditions and agree to receive updates on Whatsapp