Amul’s Rival Milky Mist Prepares For INR 2,000 Cr IPO
Milky Mist, a household name associated with dairy products, is preparing for a significant IPO of INR 2,000 crore. Heavyweights Axis Capital, IIFL Capital Services, and JM Financial have joined Milky Mist as merchant bankers. In order to list by the end of 2025, the issue filing is anticipated by the middle of the year….
Milk Food to expand into ice cream, cheese
Milk Food Ltd., a renowned for its cutting-edge facilities and high-capacity dairy products. Its core products, Milk Powders and Pure Ghee, have been synonymous with trust and excellence for decades has announced the sale of its 21-acre Moradabad plant land to a reputed developer for an estimated value of INR 140 to 150 crore. The…
Nepal in a fix as India wants dairy ban lifted
Two weeks ago, India raised concerns over the ban on its milk exports to Nepal. In response, Nepal agreed to explore the possibility of importing specific items like whey and cheese, which are not adequately produced in the country. The concerns were raised during a meeting of the Nepal-India Inter-Governmental Committee (IGC) on Trade, Transit,…
Saras Milk Now at Your Doorstep-Nutritious Living
In a transformative move to bring pure, hygienic, and nutritious milk to every household, the Rajasthan government has rolled out an ambitious initiative under the Chief Minister’s Budget Announcement 2024-25. The program aims to appoint 1,000 Saras Mitras across the state, tasked with ensuring the home delivery of Saras milk and a wide range of…
Qualification changes for ‘fresh milk’ label sought
The freshness of locally produced milk gives the nation’s dairy industry an advantage in competing with imported milk from New Zealand, which has gained greater pricing power since the removal of import duties on Jan. 1, local dairy farmers said. The Taiwan-New Zealand Economic Cooperation Agreement, signed in 2013, removes tariffs on all imports from…
Purabi Dairy sells over 2 lakh litres of dairy during Bihu
The dairy cooperative on Friday said that it achieved 35% higher sales volume as compared to last year’s Magh Bihu. The curd sales grew by a whopping 70% this year. In the same period, cream sales also increased by 40% as compared to last year. “We are happy to note that the people of the…
Fact Check: Bovaer’s active ingredient not detected
There is no evidence that the active ingredient in Bovaer, an emissions-reducing additive fed to cows, is present in dairy products that are eventually consumed by humans, contrary to suggestion made by social media users sharing a document that warns against direct contact with the product. Dairy producer Arla Foods a joint initiative with British supermarkets…
ED attaches over Rs 440 cr assets of ex-promoters of Kwality
The Enforcement Directorate (ED) Thursday said it has attached assets worth more than Rs 440 crore in Delhi, Haryana and Punjab as part of an alleged bank loan fraud linked money laundering case against former promoters of dairy major Kwality Ltd. An order was issued under the Prevention of Money Laundering Act (PMLA) for the…
AP, Telangana Should Focus On Agri Value Chains
Agricultural development has to ensure that farmers make money. The profitability of many agricultural activities is uncertain due to many reasons beyond the control of the farmer. One of the remedies suggested is to move farmers to value chains which give farmers more profitable opportunities. Currently, India exports about 50B$ worth of agricultural produce but…
Soren govt to promote the state milk brand- Medha
The Jharkhand government has decided to set up booths outside the government offices across the state in a bid to promote its milk brand Medha, an official said on Friday. The State-owned dairy brand Medha is a part of the Jharkhand Milk Federation (JMF). As per website of JMP- jmp.coop, “Medha Dairy Point in Raghunathpur,Ranchi listed…