Credit rating agency, CARE has reaffirmed ‘BBB’ rating to Axtel Industries’ long term bank facilities worth Rs 12.75 crore. The rating agency has also reaffirmed ‘BBB/A3+’ ratings to the long term/short term bank Facilities of the company for amount worth Rs 16.00 crore. The company has received the said rating on the back of its experience of the promoters in manufacturing of food processing machines, its established operational track record of more than two decades and reputed clientele covering leading FMCG companies of India.
Axtel Industries is engaged in the manufacturing of food processing machinery and equipments. The products include frying systems, process tanks, batching and mixing systems, refiners & cutters, feeders, steaming tunnels etc which find end-use in food products.
