Credit rating agency, CARE has reaffirmed ‘D’ rating to Empee Distilleries’ long-term bank facilities worth Rs 75.25 crore. The rating takes into account instances of delays in debt servicing by Empee Distilleries (EDL).
Empee Distilleries is the flagship company of the Empee group mainly engaged in the manufacturing of Indian Made Foreign Liquor (IMFL) in the states of Tamil Nadu (TN), Kerala and Karnataka. EDL has a licensed capacity of 7.2 million cases per annum, spread among these three states.
