CARE Ratings Downgrades Gujarat Alkalies and Chemicals' Long Term Bank Facilities to AA-; Stable
Gujarat Alkalies and Chemicals Ltd. (GACL) received a credit rating review from CARE Ratings Limited regarding its bank facilities and commercial paper issue, which was conducted on July 29, 2026. According to the ratings released by CARE, GACL's long term bank facilities were downgraded, while the short term bank facilities and the Commercial Paper (CP) issue received reaffirmed ratings.
The rating update reflects a change in the outlook for the company’s long-term debt structure. The Long Term Bank Facilities of Rs. 372.63 Crore were assigned a CARE AA-; Stable rating. This marks a downgrade from its previous rating of CARE AA; Stable, as indicated by the ratings agency.
In contrast, GACL's Short Term Bank Facilities and Commercial Paper issue received favorable reassessments. The Short Term Bank Facilities totaling Rs. 339.50 Crore were reaffirmed at a CARE A1+ rating. Similarly, the Commercial Paper issue aggregating to Rs. 100 Crore was also given a CARE A1+ rating and was reaffirmed by CARE Ratings Limited.
The ratings are based on recent developments concerning GACL's operational and financial performance for FY26 (Audited) and Q1FY27 (Unaudited).
Credit Rating Summary of Facilities
The following table provides details of the rated facilities as assessed by CARE Ratings Limited:| Facility Type | Amount (₹ crore) | Rating | Action |
|---|---|---|---|
| Long Term Bank Facilities | 372.63 (Reduced from 482.34) | CARE AA-; Stable | Downgraded |
| Short Term Bank Facilities | 339.50 | CARE A1+ | Reaffirmed |
| Commercial Paper Issue | 100.00 | CARE A1+ | Reaffirmed |
Breakdown of Long Term Facilities
CARE Ratings provided a detailed breakdown of the long term facilities, which total Rs. 372.63 crore:| Facility Type | Lender/Bank | Rated Amount (Rs. crore) |
|---|---|---|
| Term Loans | HDFC Bank Ltd. | 242.63 |
| Fund Based Limits (SBI, Indian Bank, Central Bank of India, UCO Bank, Axis Bank Ltd., HDFC Bank Ltd., IDBI Bank Ltd.) | Various Banks | 130.00 |
Details of Short Term Facilities
The total short term facilities assessed at Rs. 339.50 crore include Non-Fund Based Limits from various lenders, such as HDFC Bank Ltd., IDBI Bank Ltd., Axis Bank Ltd., State Bank of India, Central Bank of India, and others.A complete overview of the rated facilities is provided below:
| Facility Type | Total Amount (₹ crore) | Rating |
|---|---|---|
| Long Term Facilities | 372.63 | CARE AA-; Stable |
| Short Term Facilities | 339.50 | CARE A1+ |
| Total Facilities | 712.13 | - |
GUJALKALI Stock Price Movement
Shares of Gujarat Alkalies and Chemicals Limited are shedding value in live trading as of 10:32 AM, moving down 1.05% to trade at ₹676.5. The stock has seen a mixed session so far, with current trading maintaining distance above the day’s low of ₹673.75.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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