Haryana State Co-operative Supply and Marketing Federation limited (HAFED) has recorded the highest-ever profit of Rs 135 crore in 2016-17, besides carrying out highest-ever procurement of paddy at 18.42 lakh metric tonnes (MT) in the same period.
Chairman, HAFED, Harvinder Kalyan said that during this period, HAFED had recorded the highest-ever gross profit of over Rs 135 crore (estimated), which is more than double the profit of Rs 53.40 crore in 2015-16.
He said that in a meeting, the Board of Directors of HAFED had approved turnover of Rs 9,495.88 crore and profit target of Rs 94 crore (before tax) for 2017-18, which would mark an increase of Rs 1,000 crore in turnover over that in 2016-17.
listing the achievements of HAFED in 2016-17, Harvinder Kalyan said that the Federation had delivered 100 per cent of the Custom Milled Rice against the paddy procured, to Food Corporation of India (FCI). In 2017-18, 99.4 per cent of the Custom Milled Rice against the 18.42 lakh MT paddy procured has been delivered to the FCI till date, said he.
Apart from this, HAFED Sugar Mill, Assandh crushed the highest-ever 37.50 lakh quintals of sugarcane, which is expected to procure profit of Rs 4.28 crore, which would also be the highest-ever profit earned by this mill, said the chairman.
He said HAFED Flour Mill, Taraori has sold 48,682 quintals wheat flour achieved its best capacity utilisation till date.
HAFED procured 25.11 lakh MT wheat during Rabi-2016, which was 37 per cent of the total quantity procured by all procurement agencies in the State. During Rabi-2017, HAFED procured 26.84 lakh MT wheat, which is the highest among all the procuring agencies in Haryana and represents nine per cent of the wheat procured for FCI throughout the country, said he.
Kalyan said that for the first time in Haryana, HAFED procured moong in 2016-17 under the Price Stabilisation Fund Scheme. With a view to protect the interests of farmers in the state, HAFED has also procured mustard seeds for its oil mills, bajra for the public distribution system and sunflower seeds for National Agricultural Cooperative Marketing Federation of India (NAFED), added he.
He further said that HAFED had introduced e-tendering in its field offices, besides also covering several new activities under e-tendering this year.