Mother Dairy
Mother Dairy News
Mother Dairy loses AAA rating assigned to bank facilities by Care
Company posts loss of Rs 91.83 crore in 2018-19 on account of “impairment of provision of Rs 190.85 crore arising from the investments made in IL&FS in the form of unsecured short term inter-corporate deposits,” said the rating agency.
Mother Dairy hikes cow milk price by Rs 2 per litre
"The prices as effective from September 6, 2019 are Rs 23 for 500 ml pack and Rs 44 for 1 litre pack. There has been no change in prices of other milk variants," the official said.
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Mother Dairy partners DTC to set up 31 kiosks at bus depots, terminals & housing colonies
The dairy firm will offer all products in its kiosks, including products from Safal and Dhara. Mother Dairy currently operates around 900 booths and 250 kiosks at various locations and societies in the National Capital Region.
After Amul & Mother Dairy, DMS may soon hike milk price: Agriculture Minister
Other cooperative milk brands like Nandini and Sudha are most unlikely to do so as state governments are cross-subsidising them on payments made to farmers, he said.
Mother Dairy hikes milk prices by up to Rs 2 a litre
"The 1 litre pack has been increased by Re 1 only and the 500 ml pack by Rs 2 a litre, effectively impacting the consumer by Re 1 per pack," it said in a statement.
Mother Dairy under scanner: DEA seeks ‘necessary action’ over alleged Rs 1,000-crore fraud
Besides the IL&FS investment issue, the complainant also alleged that the company diverted over Rs 100 crore (from contributions of over Rs 450 crore received from NDDB) into over 15 subsidiaries set up illegally and that later disappeared.
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Mother Dairy invested Rs 190 crore in IL&FS, sent SOS to PM after default
These investments happened at a time when the IL&FS Group’s debt woes were in the public domain and the IL&FS group was busy selling its assets to raise funds to honour its debt repayments.
From plate to plough: Not all milk and honey
Only 21 per cent of India’s milk production gets processed through the organised sector and the rest passes through unorganised small players. And that’s where the crisis is most intense.
Mother Dairy eyes Rs 10,000-cr turnover in 3 years
In a bid to expand its market, Mother Dairy is in process of establishing a 25,000 tonnes per year integrated food and vegetable processing plant in Ranchi at an estimated cost of Rs 75 crore.
Detergent, frozen fat found in Mother Dairy milk: FDA
Mother Dairy officials challenged the test reports and demanded for a re-test of samples at Kolkata-based Central Laboratory.
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