GSPC gets CRISIL's AA and P-1 rating

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Gandhinagar, Mar 13 (UNI) The Gujarat State Petroleum Corporation (GSPC) has received ''AA'' and ''P-1'' rating by noted credit rating agency CRISIL, Minister of state for energy Saurabh Patel said today.

Mr Patel said CRISIL has taken into account GSPC's commendable record in the field of oil exploration and research.

GSPC has even successfully managed gas distribution in the state through the gas grid, Patel informed the state assembly adding that CRISIL's rating recognises GSPC's sound financial health.

Chief minister Narendra Modi congratulated GSPC for getting the prestigious CRISIL rating, Mr Patel said.

UNI HT OBB RL BD2011

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