Hatsun stellar performance in Qtr-I: To raise ₹700 cr for expansion
Dairy product maker Hatsun Agro Product Ltd; plans to raise ₹700 crore through private placement of equity-shares by way of qualified-institutional-placement for its expansion-plans. Also read : Hatsun starts a 101 Crores automated dairy plant at Tripur On Wednesday, the board also approved a proposal for increasing the company’s borrowing limit from ₹1,500 crore to ₹1,800…
Fuel cost fuelled Transportation cost for dairy sector by 50 % per litre
Marred by inflation, dairy companies and cooperatives have increased milk prices, much to the woes of the end-consumer. Amul, revised milk price by Rs 2 per litre, in Ahmedabad and Saurashtra in Gujarat and Delhi NCR; with effect from July 21. Others such as Mother Dairy and Gokul, too, have hiked prices. Mother Dairy has also…
Livestock schemes to be merged, get ₹9,800 crore over 5 years
The Central government will spend ₹9,800 crore on livestock development over the next five years. It will be done in a bid to leverage almost ₹55,000 crore of outside investment into the sector. The Cabinet Committee on Economic Affairs (CCEA) decided on Wednesday. It would do this by merging a slew of schemes into three…
Parle reenters dairy category with Smoodh Flavored milk
Twenty years after its brief flirtation with dairy products, Parle Agro Pvt. Ltd is back in the market with Smoodh flavoured milk, throwing a challenge to rivals such as Amul, Nestle and ITC which have carved up India’s value-added dairy beverages market. The Mumbai-based maker of Frooti and Appy fruit drinks soft-launched Smoodh at ₹10 per 85ml…
Huge SMP stocks in Maharashtra checks the farmer’s milk prices
The SMP inventory levels have crossed 50,000 tonnes in the state and unless these are sold; the sentiment in the dairy sector will remain weak. Excess stocks of skimmed milk powder (SMP) have become a matter of concern for Maharashtra’s milk sector. The state’s inventory of SMP has reached nearly 50,000 tonnes. As a result,…
Hatsun starts a 101 Crores automated dairy plant at Tripur
Hatsun Agro Product Ltd.(HAP), a leading private sector dairy company in India, with brands ‘Arokya’, ‘Hatsun’, ‘Arun Icecreams’ and ‘Ibaco’, has started processing and packing of milk at its fully automated Greenfield dairy processing plant in Kangayam Taluk, Tiruppur district, Tamil Nadu. HAP invested Rs 101 Crores in this plant. It has equipment from Germany…
87 litres of milk per day costing Rs 90 lakhs to Lakshadweep Govt
The Lakshadweep administration on Monday tried to justify its decision to close down dairy farms in the islands and informed the Kerala High Court that the administration has to suffer a loss of more than Rs 90 lakhs per year to sustain the dairy farms. The decision to close down the farms has been taken…
Success of India’s dairy sector is not just thanks to private players
Ashok Gulati-Ayushi Khurana (G&K hereafter) compile the many visible indicators of the growth and importance of the milk-economy in their article : Read : From Plate to Plough: India, A land of milk and money These include the quantum of production, rate of growth, share in GDP; and their comparisons with those of other sectors or…
DAIRY POLICY Success of India’s dairy sector is not just thanks to private players
Ashok Gulati-Ayushi Khurana (G&K hereafter) compile the many visible indicators of the growth and importance of the milk-economy in their article : Read : From Plate to Plough: India, A land of milk and money These include the quantum of production, rate of growth, share in GDP; and their comparisons with those of other sectors or…
After Amul and Mother Dairy, Gokul also raise milk price by Rs 2 per liter
The Kolhapur District Milk Producers Cooperative Union, owner of the Gokul Milk brand, has announced an increase in the price of milk in Maharashtra by Rs 2 per liter from Sunday. However, this price increase will not be applicable to Kolhapur, Sangli and Konkan. A statement released on Saturday indicates that Gokul has increased the…