BAL is listed among the top 15 agrochemical companies in India
Indian agrochemical major Best Agrolife Ltd. (BAL) revealed that CARE Ratings Limited has given a ‘CARE A-’ rating to the long-term bank facilities of the company with a stable outlook. CARE assigns the rating to BAL’s bank facilities on the basis of the company’s long track record of operations, integrated operations of the group with a diversified product portfolio, and wide distribution network. The rating is derived strength from the consistent growth in scale of operations at the compounded annual growth rate of over 23 percent over the past four fiscals ending FY22.
Mr. Vimal Alawadhi, MD, BAL, said, “This upgrade is an important milestone in our journey and reaffirms the strength of the organisation and its leadership along with the financial and operational excellence. The upgraded rating reflects our perennial focus on executing our strategy and building a solid foundation for strong and reliable long-term leadership in the agrochemical industry.”
BAL is listed among the top 15 agrochemical companies in India and is engaged in the manufacturing of agrochemical products. The company offers more than 70 formulations of insecticides, herbicides, fungicides, and PGRs and retains one of the country’s most comprehensive portfolios with 360+ formulations and more than 80 technical manufacturing licenses.
