GCMMFL turnover zooms 22.9% at Rs 5,255 cr

New Delhi, Jun 17 (UNI) Gujarat Co-operative Milk Marketing Federation Ltd (GCMMFL) today said it has registered a quantum growth of 22.9 per cent to reach a record turnover of Rs 5,255.41 crores, an increase of nearly Rs 1,000 crores over the previous year.

Announcing this at the 34th Annual General Meeting, GCMMF Chairman Parthibhai Bhatol said this is an extremely impressive growth when viewed from the perspective of 13.4 per cent growth achieved during 2006-07 and 29 per cent growth achieved in 2005-06.

The company, better known as Amul, registered a turnover stood at 1.3 billion dollars in global terms.

Reviewing the performance, Mr Bhatol said that milk procurement by member unions reached a new peak.

Total milk procurement averaged 75.90 lakh kg per day, representing a growth of 12.9 per cent over 67.25 lakh kgs per day achieved during 2006-07.

''During the peak procurement period we have successfully demonstrated our ability to process almost 10 million litres (one crore litres) of milk per day,'' he said.

UNI MP PDT BST1841