Dodla dairy files papers for an IPO with SEBI to raise Rs 800 Crores
Dodla Dairy compares itself with listed companies namely Hatsun Agro Products, Heritage Foods and Parag Milk Foods. South-based dairy company Dodla Dairy has filed draft red herring prospectus with the capital market regulator Sebi, for its initial public offering. A source close to the developments said the issue size could be around Rs 800 crore….
Invoking the green revolution to justify the new farm laws may not be right
Last week, Prime Minister Narendra Modi hardened his government’s stand on the farm laws. In the Rajya Sabha, during his reply to the President’s address, the Prime Minister asserted that the farm laws wouldn’t be repealed, although the government was open to negotiations. Modi made his case for reforms by invoking former Prime Ministers Lal…
Economic Rationale of Slaughter and Beef Ban in Karnataka
Livestock markets have fallen eerily silent ever since Karnataka passed a law preventing cattle slaughter. The beef industry of Karnataka, valued at Rs. 500 crore and employing nearly 40 lakh families is set for an unprecedented crisis. SAGARI R RAMDAS writes about who really benefits from it. WITH Karnataka passing the Prevention of Slaughter and Preservation of…
Invoking the green revolution to justify the new farm laws may not be right
Last week, Prime Minister Narendra Modi hardened his government’s stand on the farm laws. In the Rajya Sabha, during his reply to the President’s address, the Prime Minister asserted that the farm laws wouldn’t be repealed, although the government was open to negotiations. Modi made his case for reforms by invoking former Prime Ministers Lal…
Heritage launches Mozzarella Cheese, Cream and Cool cafe
Heritage Foods has expanded its product portfolio by adding four products. Covid times saw an upsurge in consumption of protein rich foods like cheese as well as cream and butter. The demand of these products in retail consumer segment is showing a higher growth rate. Heritage foods launched Mozzarella and processed cheese in the protein…
HC reserves order on assets of Vijaya dairy at Hyderabad case
Telangana High Court has reserved orders in a writ petition filed by Andhra Pradesh State government challenging the decision of its counterpart in Telangana taking over assets of Andhra Pradesh Dairy Development Co-operative Federation. In 2016, Telangana government brought out a GO taking over the main assets of Secunderabad’s Lallaguda-based APDDCF office. The AP government…
Milk prices in Hyderabad are soaring as fuel prices are moving up
Rising fuel prices are having a cascading effect, with milk prices set to rise in the city. Nearly 20 lakh litres of milk are supplied every day through 10 major and 70 mini dairies, including government-owned Vijaya Dairy. Managements of dairies are facing financial stress as transportation costs are escalating. Now, Vijaya is selling toned…
Milk prices moving up in Maharashtra as summer time is approaching
As the government started easing up the lockdown, demand made a slow but steady return and procurement prices started picking up across the state For dairy farmers, the pandemic induced slowdown is not only over but dairies have now started their farmers paying more than the pre-Covid milk procurement rates. With dairies now paying their…
Karimnagar Dairy opens three more stores in Telangana
To facilitate expansion of the marketing network and increase sales of milk and milk products of Karimnagar Milk Producer Company Limited, the authorities opened three departmental dairy parlours in different areas of the district. Besides Velgatoor mandal in the erstwhile Karimnagar district, parlours were opened in Mancherial and Bellampalli towns of erstwhile Adilabad district on…
DAIRY NEWS MCA orders inquiry into books of Mother Dairy F&V Pvt Ltd
The government has ordered an inquiry into the books of Mother Dairy Fruit and Vegetable Private Ltd (MDFVL), a wholly-owned subsidiary of the National Dairy Development Board. Responding to a question in the Rajya Sabha, Minister of State for Finance and Corporate Affairs Anurag Thakur said, “An inquiry under Section 206 of the Companies Act,…