Milky Mist gets SEBI nod for Rs 2,035 cr IPO, eyes expansion
Milky Mist Dairy Food Ltd, a Tamil Nadu-based value-added dairy products firm, has secured approval from the Securities and Exchange Board of India (SEBI) to launch an IPO worth about ₹2,035 crore (≈ fresh issue of ₹1,785 crore + offer-for-sale of ₹250 crore by promoters). The company plans to deploy around ₹750 crore of the…
Nandini to Introduce QR Code to Combat Fake Dairy Products
Karnataka Milk Federation (KMF), under its flagship brand Nandini, will soon embed unique QR codes on all its dairy products to fight counterfeit and adulterated items. Each QR code enables consumers to verify product authenticity via smartphone scan, and the Federation has warned of legal action against falsifiers. KMF currently procures about one crore litres…
1 killed, 5 injured in blast at Ludhiana’s Verka milk plant
Ludhiana Milk Plant Boiler Blast: At least one man died and five others were seriously injured in a high-intensity blast at the Verka milk plant on the Ferozepur road in Ludhiana late Wednesday. The Verka brand is owned by the government’s milk procurement cooperative, Punjab State Cooperative Milk Producers’ Federation Limited (MILKFED). Sub Inspector Aditya Sharma,…
Thermal-Battery Chillers Revolutionising India’s Dairy Cold Chain
In an insightful report by Latitude Media, Promethean Power Systems’ thermal-battery technology is shown to be transforming cold storage for India’s dairy farmers. The system uses a phase-change “thermal battery” to chill milk rapidly, bypassing the limits of unreliable rural grids. Founded with an MIT grant in 2007, the company settled on dairy collection centres…
Dairy & Fisheries Co-ops to Serve as Bank Mitras: Financial Inclusion
The Ministry of Cooperation announced that dairy and fisheries cooperative societies will be designated as Bank Mitras of district central cooperative banks (DCCBs) and state cooperative banks (StCBs). Supported by NABARD, micro-ATMs are being deployed to these societies to enable door-step digital financial services in rural and semi-urban areas. The scheme began as a pilot…
Nandini Sweets Hits ₹46 Cr, Sets Record in Festive Season
Karnataka Milk Federation (KMF), through its Nandini sweets line, sold 1,100 metric tonnes of products and achieved a revenue of ₹46 crore during the Dasara–Diwali season—a 38% jump over last year. Last year, KMF had recorded 725-tonne volume and ₹33.48 crore turnover in the same festival period. KMF procures roughly one crore litres of milk…
“Cow Culture and Commerce: India’s Strategic Dairy Stand
The article by Dr P Harsha Bhargavi explores how the cow is deeply embedded in India’s culture, economy and global dairy trade dynamics. It notes that India’s reluctance to open its dairy market to major exports—particularly from the U.S.—is driven not just by economics but by a cultural value placed on indigenous breeds and dairy traditions. (…
Post-Diwali Farm Challenge: From Consumer to Producer Focus
Retail food inflation in India has turned negative for four consecutive months, ending September 2025, thanks to strong monsoons and improving supply conditions. Yet, this apparent victory for consumers masks a deepening crisis for farmers: many crops — such as maize, soyabean, cotton, millets and pulses — are trading well below their Minimum Support Prices…
Maize Market Prices Fall Far Below MSP Despite Ethanol Push
Despite a ~12 % jump in maize cultivation (surpassing 9.5 million ha) driven by the government’s ethanol-blending push, farmers are collapsing under sharply low market prices. In Madhya Pradesh, maize is selling at model prices of ₹1,140–1,400/ quintal, while the government’s Minimum Support Price (MSP) is set at ₹2,400/ quintal for 2025-26 — a gap…
FM Pushes Dairy Makers to Pass GST Cuts to Consumers
Finance Minister Nirmala Sitharaman has urged dairy manufacturers to actively engage in reducing retail prices of ghee, butter, and cheese, ensuring that consumers fully benefit from the recent GST rate reductions. The government emphasized that any cut in GST should directly reflect in market prices, preventing price retention at the manufacturer or distributor level. Watch…