12-Aug-2026Today's Market Indicators


CARE Ratings reaffirmed and assigned ratings to Gujarat Energy Ltd.'s bank facilities from multiple lenders
(19:59, 11 Aug 2026)
Gujarat Energy Ltd announced reaffirmations and an assignment of ratings across various bank facilities and instruments by multiple agencies. CARE Ratings Limited has reaffirmed the rating for Long Term Bank Loan facilities at CARE A+ with a Stable outlook, reaffirmed Long Term / Short Term Bank Facilities at CARE AAA; Stable / CARE A1+ (enhanced from 2,900.00 to 12,836.00), and assigned a rating to Standby line of Credit/ Bank Guarantee; Derivative / Credit Exposure Limit at 4,005.00, Standby line of credit / Bank Guarantee / Letter of Credit / WCDL at 2,050.00, Letter of Guarantee / Line of Credit / Overdraft / Working Capital Demand Loan at 1,550.00, Letter of Credit / Bank Guarantee / Standby letter of Credit at 1,500.00, Bank guarantee / Letter of Credit / Standby letter of Credit / Overdraft at 1,000.00, Bank Guarantee / Standby Letter of Credit / Overdraft / Working Capital Demand Loan at 750.00, Letter of Credit / Bank Guarantee/ Standby letter of Credit at 600.00, Bank Guarantee / Letter of Credit / Short Term Loan / Overdraft at 581.00, Bank Guarantee/Standby Letter of Credit at 500.00, Bank Guarantee / Working Capital Demand Loan / Overdraft at 300.00, all from State Bank of India, HDFC Bank Ltd., Punjab National Bank, Bank of Baroda, Axis Bank Ltd., RBL Bank Limited, IDBI Bank Ltd., ICICI Bank Ltd., DBS Bank Limited, and Federal Bank respectively; CARE Ratings also reaffirmed Long-term / Short Term Bank Facilities at CARE AAA; Stable/CARE A1+, while CARE Ratings Ltd. has noted some Bank Facilities as ISSUER NOT COOPERATING and indicated a possible annual surveillance/review; finally, CareEdge Ratings provided a general statement noting that ratings reflect opinions as on the date of the rating, without specifying instruments or amounts.