Gujarat State Petronet’s bank facilities rated by CARE amid corporate actions

Gujarat State Petronet Limited (GSPL) announced on December 5, 2025, that CARE Ratings Limited has reviewed the credit ratings for its bank facilities. The review considered GSPL's operational and financial performance for FY25 (audited) and H1FY26 (unaudited), as well as the proposed amalgamation with Gujarat Gas Limited (GGL) and the subsequent de-merger of the transmission business into a separate listed entity.

For Long Term Bank Facilities, the amount has been reduced from ₹500.00 crore to ₹50.00 crore, with a CARE AA+ (RWD) rating that "Continues to be on Rating Watch with Developing Implications." Similarly, Long Term / Short Term Bank Facilities saw a reduction from ₹300.00 crore to ₹250.00 crore, receiving a CARE AA+ (RWD) / CARE A1+ rating, with the Long-Term rating "Placed on Rating Watch with Developing Implications and ST rating reaffirmed."

The total Long Term Facilities amount to ₹50.00 crore, while the total Long Term / Short Term Facilities amount to ₹250.00 crore. These ratings will be further clarified once the full implications of the aforementioned corporate actions on GSPL's credit risk profile are clear.