Amul to invest Rs 600-800 cr this fiscal on capacity expansion; looks to raise turnover 20% to Rs 40,000 cr
New Delhi: GCMMF, which markets dairy merchandise underneath the Amul model, will make investments Rs 600-800 crore this fiscal in organising new milk processing vegetation and increasing the capability of present items, the corporate’s Managing Director R S Sodhi mentioned.
Gujarat Co-operative Milk Advertising Federation (GCMMF), which posted 13 p.c enhance in turnover at Rs 33,150 crore throughout 2018-19, is anticipating 20 p.c enhance in its turnover this fiscal yr at round Rs 40,000 crore, he added.
“We will invest Rs 600-800 crore during this fiscal on capacity expansion. We invest similar amount every year,” Sodhi instructed PTI.
The corporate is organising new vegetation in areas which are nearer to the Delhi-NCR market, he added.
On turnover, Sodhi mentioned, “In the last financial year, our revenue growth was because of higher volume and there was no price increase across our product portfolio. But, this year we are expecting growth in both volume and value terms”.
Amul has not too long ago elevated its milk costs by Rs 2 per litre in Delhi NCR, Maharashtra and different states because of greater procurement value. It had final revised milk costs two years again in March 2017.
Not too long ago, GCMMF had mentioned that the provisional unduplicated group turnover of Amul Federation and its 18 member unions crossed Rs 45,000 crore in 2018-19, a rise of 13 p.c from the earlier yr.
The 18 member unions of Amul Federation, with a farmer-member power of greater than 36 lakh throughout 18,700 villages of Gujarat, are procuring, on a median, 230 lakh litre of milk per day.
The member unions of Amul plan to boost the milk processing capability from the present degree of 350 lakh litre per day to 380-400 lakh litre per day within the subsequent two years.
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