June 10, 2013

India's Hatsun Agro to acquire feed mill in Tamil Nadu

Hatsun Agro Products has received an in-principle approval for the acquisition of a feed mill in Tamil Nadu/Karnataka as well as further investment in the plant, not exceeding the amount of INR150 million (US$2.65 million).

The company based in Chennai, received the approval from its board of directors at a meeting held last week.

Hatsun, the largest private sector dairy company in India, already manufactures cattle feed as per its own formulation based on the needs of its farmers. The cattle feed is sold to the farmers on credit through the HMBs and the amount is deducted from the farmer's weekly milk bill.