Gujarat Alkalies and Chemicals Limited — Credit Ratings, 04-08-2026: Credit Rating

CareEdge Ratings downgraded GACL's long-term bank facilities (₹372.63 Cr) to CARE AA- (Stable) from CARE AA (Stable). This was due to lower-than-expected financial performance in FY25-26, impacted by moderate caustic soda prices and weaker product demand. Short-term bank facilities (₹339.50 Cr) and commercial paper (₹100 Cr) were reaffirmed at CARE A1+, reflecting GACL's strong market position and capital structure.