Haryana State Co-operative Supply and Marketing Federation Limited (HAFED) records ‘highest-ever profit’

HAFED records ‘highest-ever profit’



The Haryana State Co-operative Supply and Marketing Federation Limited (HAFED) has recorded the highest-ever profit of Rs 135 crore in 2016-17, besides carrying out highest-ever procurement of paddy at 18.42 lakh metric tonnes (MT) in the same period,its Chairman Harvinder Kalyan said here on Sunday.

He said that this estimated gross profit was more  than double the profit of Rs 53.40 crore in 2015-16.

Listing the achievements of HAFED in 2016-17, Mr. Kalyan pointed out that the Federation had delivered 100 per cent of the Custom Milled Rice against the paddy procured, to Food Corporation of India (FCI). Also, the HAFED Sugar Mill, Assandh crushed the highest-ever 37.50 lakh quintals of sugarcane, which is expected to procure profit of Rs 4.28 crore, which would also be the highest-ever profit earned by this mill.The HAFED Flour Mill, Taraori sold 48,682 quintals wheat flour and achieved its best capacity utilisation till date. During Rabi-2017, HAFED procured 26.84 lakh MT wheat, which is the highest among all the procuring agencies in Haryana and represents nine per cent of the wheat procured for FCI throughout the country.

For the first time in Haryana, HAFED procured moong in 2016-17 under the Price Stabilisation Fund Scheme. It also procured mustard seeds for its oil mills, bajra for the public distribution system and sunflower seeds for National Agricultural Cooperative Marketing Federation of India (NAFED).

He said that HAFED had introduced e-tendering in its field offices, besides also covering several new activities under e-tendering this year.


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Haryana State Co-operative Supply and Marketing Federation Limited (HAFED) records 'highest-ever profit' | NORTH INDIA KALEIDOSCOPE

Rajesh Ahuja

I am a veteran journalist based in Chandigarh India.I joined the profession in June 1982 and worked as a Staff Reporter with the National Herald at Delhi till June 1986. I joined The Hindu at Delhi in 1986 as a Staff Reporter and was promoted as Special Correspondent in 1993 and transferred to Chandigarh. I left The Hindu in September 2012 and launched my own newspaper ventures including this news portal and a weekly newspaper NORTH INDIA KALEIDOSCOPE (currently temporarily suspended).

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