HDDCF records Rs 390 crore turnover

Chandigarh, (UNI) The Hayana Dairy Development Co-operative Federation (HDDCF) has achieved a record turnover of Rs 390 crore, with a 90 per cent increase in net profit.

The Federation has registered an increase in net profit from Rs 84.15 lakh last year to 160 lakh this year, despite making a repayment of Rs 5.50 crore to the National Dairy Development Board, Managing Director Devender Singh said today.

The total amount paid to farmers was Rs 185 crore, on an average price of Rs 12.60 per kg milk.

The total fluid milk sale for the year 2005-06 was 2.71 lakh lts per day on an average, registering an increase of Rs 32.2 per cent over the last year, he said.

The HDDFC got approved schemes worth Rs 14.5 crore from the Centre, which was the highest amount given to any milk federation in the entire country.

Besides, it received a sanction of Rs 10 crore assistance to wipe out the cumulative cash losses of milk unions in Jind and Kurukshetra.

UNI MA ARB ND1750