TANFAC Industries506854Credit rating maintained/reaffirmed
ICRA reaffirms [ICRA]A+/Stable and [ICRA]A1+ on Rs.225.0 crore of TANFAC facilities, term loan enhanced
By ScoutQuest · · 1 min read
₹225.0 CrTotal rated amount
Non-fund-based working capital facilities rated amount₹105.0 Cr
Long-term term loans rated amount₹70.00 Cr
Fund-based working capital facilities rated amount₹50.0 Cr
- Rating action
- [ICRA]A+(Stable) reaffirmed; [ICRA]A1+ reaffirmed
- Rated amount
- rated amount enhanced from Rs.195.0 crore to Rs.225.0 crore
- Capex
- Rs.390 crore R-32 capex
- Agency
- ICRA
- Action
- Reaffirmed
ICRA reaffirms [ICRA]A+/Stable and [ICRA]A1+ on Rs.225.0 crore of TANFAC facilities, term loan enhanced.
[ICRA]A+Reaffirmed · ICRA
Rating action date
Company intimation letter date
Also from TANFAC Industries
BSE trading approval received for 4,24,647 equity shares issued on preferential basis
10 Oct 2026
Receives listing approval from BSE for 4,24,647 preferential-issue equity shares
6 Oct 2026
TANFAC Industries to attend Dhandho Valley 3.0 group investor meeting at Surat on October 09, 2026
5 Oct 2026
More numbers
- Total current rated amount225.0
- Fund-based working capital facilities rated amount50.0
- Non-fund-based working capital facilities rated amount105.0
- Long-term term loans rated amount70.00
- Previous total rated amount195.0
- QIP equity raised (June 2026)Rs. 250 crore
- Preferential issue amountRs. 99.41 crore
- Estimated capex for refrigerant gas projectRs. 390 crore
- Unencumbered cash and bank balance as on March 31, 2026Rs. 21 crore
- R-32 refrigerant gas facility capacity20,000-metric-tonnes-per-annum (MTPA)
Source: BSE · 17 Oct 2026
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