ICRA, a credit rating agency, has upgraded rating on Gulf Oil Lubricants India (GOLIL), a Hinduja Group Company. ICRA has assigned a long-term rating of ICRA A and a short-term rating of ICRA A1 to the term loans, fund based limits and non-fund based limits of GOLIL. The outlook on the long-term rating is Stable.
 
This upgradation in the long term and short term ratings reflects the company's consistent growth track record & well-recognized brand strengths in lubricant industry, the rating agency said. 

Shares of the company gained Rs 2.70, or 0.91%, to trade at Rs 299.00. The total volume of shares traded was 5,583 at the BSE (12.02 p.m., Tuesday).