Gujarat Gas’ bank facilities reaffirmed with "CARE AAA" rating

Gujarat Gas Limited (GGL) announced on September 23, 2025, that CARE Ratings Limited has reaffirmed its credit ratings for the company's bank facilities. The long-term bank facilities received a "CARE AAA"/Stable rating, while the short-term rating was reaffirmed at "CARE A1+". This disclosure was made in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The rating encompasses total long-term and short-term facilities amounting to INR 2,900.00 crore. This includes facilities from various banks: Punjab National Bank (INR 1,600.00 crore), ICICI Bank Ltd. (INR 500.00 crore), RBL Bank Limited (INR 500.00 crore), and Federal Bank (INR 300.00 crore). These facilities cover instruments such as Letters of Guarantee, Lines of Credit, Overdrafts, Working Capital Demand Loans, Letters of Credit, and Standby Letters of Credit.

The reaffirmation of these ratings is based on an assessment of GGL's operational and financial performance for the fiscal year 2025 (audited) and the first quarter of fiscal year 2026 (provisional).