HAFED earns over Rs 3.95 crore as dividend

By Haryananewswire

CHANDIGARH, MARCH 16

 Haryana State Cooperative Supply and Marketing Federation Ltd.(HAFED), which is a share holder of Krishak Bharati Cooperative Limited(KRIBHCO), has earned over Rs.3.95 crore as  dividend during the year 2011-12.

While stating this today a spokesman of HAFED said that a dividend warrant of the amount was presented to Managing Director, HAFED, Mr. A. K. Yadav by Marketing Director KRIBHCO Mr.N. Sambasiva Rao in a function organized here today.

He said that the KRIBHCO, which is a premier fertilizer producing farmers’ cooperative society has earned a pretax profit of Rs.192.16 crores during the financial year 2011-12.

          He said that Mr Yadav appreciated the role of KRIBHCO in supply of fertilizers and other inputs at remunerative price  to the farmers through cooperative network and added that KRIBHCO had been a front runner in hours of crisis for supply of various products meant for farmers.

          Marketing Director KRIBHCO and Deputy General Manager Mr.N. K. Bhadu, praised the services being rendered to the farming community and cooperation being extended to KRIBHCO by HAFED to the entire satisfaction of farmers of the State, he added.