Krishna Milk Union repays ₹110-crore loan in 30 months

📌 Diğer 📰 India 🕐 3 saat önce

The loan taken for Project Kamadhenu was scheduled for repayment over seven years, but was cleared in just 30 months, says Krishna Milk Union Chairman

Account subscription benefits alongside Premium Stories, Editorials, Opinions and more. Unlock these with Subscription

The View From India Looking at World Affairs from the Indian perspective.

First Day First Show News and reviews from the world of cinema and streaming.

Today's Cache Your download of the top 5 technology stories of the day.

Data Point Decoding the headlines with facts, figures, and numbers

Health Matters Ramya Kannan writes to you on getting to good health, and staying there

The Hindu On Books Books of the week, reviews, excerpts, new titles and features.

The Krishna Milk Union has repaid a ₹110-crore bank loan within just two and a half years. A programme was organised to celebrate the achievement during a Regional Workshop on ‘White Revolution 2.0’ on its Vijayawada factory premises on Wednesday.

Krishna Milk Union Chairman Chalasani Anjaneyulu said the long-cherished dream of dairy farmers had been fulfilled through the successful implementation of Project Kamadhenu at Veeravalli.

Proposed at an estimated cost of ₹185 crore, the project was completed with ₹163 crore and this stands as a symbol of efficient financial management and farmer participation, he said.

The state-of-the-art automated dairy plant at Veeravalli has a processing capacity of 6 lakh litres per day, with a scope for expansion up to 8 lakh litres. The loan taken for the project was scheduled for repayment over seven years, but was fully paid in just 30 months due to strong financial discipline and operational efficiency,” Mr. Anjaneyulu.

Despite the Budameru floods that forced a 42-day shutdown of the Vijayawada plant and caused losses of around ₹24 crore, the union managed to maintain uninterrupted operations by shifting processing activities to the Kamadhenu facility, the officials said.

Mr. Anjaneyulu credited dairy farmers, milk society presidents, employees, and cooperative leaders for the achievement, stating that collective effort ensured the union’s resilience during challenging times.

He also highlighted the union’s performance over the past seven years, noting a significant growth in procurement and financial indicators.

Milk procurement prices were increased by ₹28 per litre (₹280 per kg fat basis), and procurement volumes rose by 71 per cent, reaching 10.33 crore litres. The union has paid over ₹250 crore as bonuses to farmers over the past five years, including ₹45 crore in the 2025–26 financial year alone. Annual turnover increased by 78 per cent to ₹1,273 crore, while net worth rose from ₹95 crore to ₹256 crore, reflecting a 168 per cent

📌 Kaynak

Bu haber XML kaynağından derlenmiştir. Tamamı için orijinal habere gidin.

Orijinal haberi oku →
📱
News AI World — Mobil uygulama
Bu haberleri 45 dilde, anlık çeviriyle cebinde. Erken erişim için Gmail adresini bırak.
← Tüm haberlere dön