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CARE reaffirms ratings of Anik Industries’ bank facilities

30 Sep 2014 Evaluate

Credit rating agency, CARE has reaffirmed rating of Anik Industries’ long term bank facilities worth Rs 234.55 crore to ‘BBB’. The rating agency has also reaffirmed rating of the company’s short term bank facilities worth Rs 504.65 crore to ‘A3+’.

The ratings of the company continue to take into account its established and growing scale of operations and stable profitability in the dairy business and its operational synergies being part of the Ruchi group, which is a leading player in agro-commodities having extensive experience in trading.

Anik Industries is mainly engaged in the processing of milk and milk products along with undertaking opportunity based commodity trading. AIL had an aggregate milk processing capacity of 2.91 lakh kilo litres per annum (KLPA) as on March 31, 2014 from its plants at Dewas and Bhopal in Madhya Pradesh (MP) and Etah in Uttar Pradesh (UP).

Anik Industries Share Price

44.55 0.75 (1.71%)
17-Apr-2026 16:59 View Price Chart
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