Credit rating agency, CARE has reaffirmed ‘A-’ rating to Anil’s long term bank facilities worth Rs 405.26 crore which was enhanced from Rs 203.93. The rating agency has also revised ‘A2+’ rating of company’s short term bank facilities worth Rs 63.25 crore which was enhanced from Rs 25.00 crore to ‘A2’.
The company has received the said rating on the back of its experienced promoters, long and established track record in the corn wet milling industry, wide product portfolio with reputed clientele catering to various end-user industries and continued product innovation.
Anil is one of the oldest and largest Corn Wet Milling (CWM) unit in India, producing a varied range of starches from basic maize starch to modified and specialty starches and related downstream products like dextrose monohydrate, anhydrous dextrose, corn syrup, sorbitol, amongst many others.
