The National Dairy Development Board (NDDB) revealed recently that its Delhi’s Mother Dairy subsidiary and its fruit and vegetable project, SAFAL, have been merged into one wholly owned company, to be called Mother Dairy Fruit and Vegetable Company Ltd (MDFVC).
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The move was completed under NDDB’s restructuring process, and MDFVC has been registered as a public limited company under the Companies Act.
The NDDB annual report for 2000-01, which was released earlier today, revealed reported turnover for the year of Rs 565.59 crore (US$11.79m), while expenditure for the same period was Rs 99.7 crore. The board also revealed a membership of over 10.6m farm families throughout India and an average milk procurement of nearly 16.5m kg a day.
Other restructuring measures implemented by NDDB include; the registering of an edible oil marketing project being registered as a public limited company called Dhara Vegetable Oil and Foods Company; and NDDB’s animal vaccine and biological unit, India Immunologicals, being registered as a company with the same name.
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By GlobalData
