Palanpur: Banas Dairy has announced 16.66 % price difference worth Rs 1,144 crore on Monday. This price difference will be paid to over 3.50 lakh milk producers who presently pour 73 lakh litres per day (LLPD) milk at village level milk societies linked with the North Gujarat based milk union.

The announcement was made by dairy’s chairman Shankar Chaudhary during the 52nd annual general body meeting that was organised online on Sunday.

Chaudhary claimed that the dairy had made rapid strides in the last couple of years. Five years back, the milk union used to procure 29.96 LLPD milk which has touched to an average of 59.76 LLPD now.

“Despite the hike in diesel prices, our cost to transport milk has come down from 36 paise per litre to 33 paise per litre,” he said.

“Our capital is up from Rs 251 crore to Rs 649 crore while our assets are now worth Rs 2,792 crore. Earlier, we had assets worth Rs 879 crore. Our annual turnover too has touched Rs 12,170 crore from Rs 5,441 crore,” he said.

Similarly, the cattle feed production capacity of Katarva plant which was 1,000 metric tonnes has reached 1,800 metric tonnes. “Our dairy has saved Rs 5.50 crore on power using solar energy. And income of our farmers has also increased by 15 % after we adopted German designed biogas plant technology,” he said.

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