Further, ICRA has also reaffirmed the long term credit rating of ICRA AA and short term rating at ICRA A1+ for Rs 729.02 crore bank facilities of Deepak Phenolics, a wholly owned subsidiary of the company. The outlook on the long term rating is Positive.

Additionally, ICRA has reaffirmed the long term credit rating of ICRA A and short term rating at ICRA A2+ for Rs 200 crore bank facilities of Deepak Chem Tech, a wholly owned subsidiary of the company. The outlook on the long term rating is Positive.