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Hatsun Agro Product to enter power generation business

12 May 2012 Evaluate

Hatsun Agro Product has received an approval for investing funds of the company up to an appropriate percentage not less than 26% in a Partnership Firm/Limited Liability Partnership/Body Corporate engaged either in windmill or any other mode of power generation. The board at its meeting held on May 11, 2012 has in-principle approved for the same.

Hatsun Agro Product is the largest private sector dairy company in India and hence has a distinct advantage of dealing in cow's milk. The company procures around 1.65 million liters of liquid milk per day by directly collecting it from farmers spread over 4,500 villages in south India.

Peers
Company Name CMP
Nestle India 1280.00
Varun Beverages 429.00
Britannia Industries 4893.70
LT Foods 419.75
Hatsun Agro Product 1148.65
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