Mumbai, June 28 -- The agency has also affirmed the company's short term rating at 'IND A1+'.

India Ratings & Research stated that the 'positive' outlook reflects a likely improvement in the consolidated scale of operations in the near term, led by operationalisation and ramp-up of the newly added and upcoming capacities to meet the rising import/export demand for liquid and liquefied petroleum gas (LPG) in India.

The overall operational liquid capacity and LPG static capacity continue to increase, and presently stand at 1.9 million kilolitre (kl) (FYE24: 1.6 million kl) and 1,99,000 metric tonnes (MT) (1,17,000 MT), respectively.

The company plans to augment its liquid storage capacity by 176,000kl at various locations and its static ...