ICRA has reaffirmed the credit ratings for Gulf Oil Lubricants India Limited, assigning an enhanced amount of ₹192.00 crores for long-term fund-based cash credit limits. Additionally, ratings for short-term fund-based/non-fund based and short-term non-fund based credit limits have been reaffirmed. The long-term rating is [ICRA]AA+(Stable).
ICRA Credit Rating Update
Gulf Oil Lubricants India Limited has received an update on its credit ratings from ICRA. The announcement, dated January 30, 2026, confirms the ratings for various credit facilities.
Long-Term Fund-Based Cash Credit
The credit rating for the long-term fund-based cash credit has been reaffirmed and assigned for an enhanced amount of ₹192.00 crores. The rating assigned is [ICRA]AA+(Stable), reflecting a stable outlook.
Short-Term Credit Ratings
The ratings for short-term fund-based/non-fund based-others have been reaffirmed at [ICRA] A1+.
Similarly, the ratings for short-term non-fund based-others have also been reaffirmed at [ICRA] A1+.
Revised Amounts
The previous rated amount for Long Term-Fund Based-Cash Credit was ₹92.00, which has been revised to a current rated amount of ₹192.00. The Short Term – Fund Based/Non Fund Based-Others remain at ₹50.00, and Short Term-Non Fund Based-Others remain at ₹490.00.
Source: BSE
