From CARE
Gujarat Alkalies & Chemicals announced that CARE has reviewed/ reaffirming the bank facilities and commercial paper issue as under -(i) 'CARE AA+' [Double A Plus] for Long Term Bank Facilities of Rs.349.57 Crore (Reduced from Rs.425.94 Crore);
(ii) 'CARE A1+' [A One Plus] for Short Term Bank Facilities of Rs.45 Crore; and
(iii) 'CARE A1+' [A One Plus] for Commercial Paper Issue for an amount aggregating to Rs.100 Crore for a maturity not exceeding one year. (The Company has not issued Commercial Paper(s) during the FY 2016-17 and till date of current FY 2017-18).
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