Lahore: Ghani Chemical Industries Limited (GCIL) has been assigned a positive outlook by The Pakistan Credit Rating Agency Limited (PACRA), due to its significant growth in net revenue and strategic expansion efforts. The company, which specializes in the production of industrial and medical gases, has enhanced its operational capacity with new facilities and broadened its market reach, strengthening its position as a leading producer in Pakistan.

According to The Pakistan Credit Rating Agency Limited, GCIL has expanded its operations with the recent addition of a 275 tons per day (TPD) facility at Hattar Special Economic Zone. This expansion is expected to enhance energy efficiency and production capabilities. The company's revenue is now fully focused on its core gases business following the demerger of its Calcium Carbide segment. GCIL's operations include four air separation units in Lahore and Port Qasim, Karachi, with a combined capacity of approximately 710 TPD. The company serves a wide range of industries, including healthcare, oil and gas, and manufacturing, with an estimated market share of 40%.

The positive outlook reflects GCIL's consistent revenue growth, improved profit margins, and increased competitiveness. The company is also diversifying into LNG and CO2 production through a joint venture with Mari Energies Limited and has agreements in place for medical gas pipeline systems and an LPG storage facility. GCIL's financial risk profile is supported by adequate liquidity and a capital structure that balances long-term investments with short-term working capital needs. The rating is contingent on maintaining stable growth, effective capacity utilization, and disciplined financial management.