Credit rating agency, CARE has assigned ‘B’ rating to Modern Dairies’ long term bank facilities worth Rs 161.47 crore. The company has received the said rating on the back of its experienced promoter and established procurement and marketing arrangements.
The company is involved in production of liquid milk (41% of net sales in FY12), ghee (26% of net sales in FY12), skimmed milk powder (SMP) (15% of net sales in FY12) and other various milk protein products.