Financial Daily from THE HINDU group of publications
Saturday, Jan 17, 2004

News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Agri-Biz & Commodities - Dairy & Dairy Products


Coimbatore Aavin declares dividend

Our Bureau

Coimbatore , Jan. 16

IT has been a milestone achievement. For the first time in the history of dairy co-operatives in Tamil Nadu, Coimbatore Aavin declared a dividend (of 9 per cent) and disbursed the same. The outgo on this account was Rs 6.2 lakh.

The Managing Director of the Coimbatore District Cooperative Milk Producers' Union Ltd, Dr A. Subramaniam, told Business Line that the District Collector, Mr N. Muruganandam (who is the Special Officer of the Union), had resolved in March 2003 to appropriate the profits to its shareholders for eight years between 1982 and 1990.

He further said that Aavin, Coimbatore had managed to clear all its dues to the National Dairy Development Board much earlier than the loan tenure.

More Stories on : Dairy & Dairy Products | Tamil Nadu

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
Rubber stabilises on marginal buys


Tea industry seeks term loans from banks
Coimbatore Aavin declares dividend
Green prospects for grain output
Pepper up on good buying
Why frown upon farm income from firm
Corn export demand may touch 5 lakh t
Foodgrain exports to continue



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line