Hatsun Agro to increase milk collection network in Andhra Pradesh, Telangana and Maharashtra; stock climbs ~3%

26 Jul 2022 , 01:58 PM

Hatsun Agro Product Ltd. (HAP), a leading private sector dairy company in India with brands such as 'Arokya,' 'Hatsun,' and 'Arun Icecreams,' has announced expansion plans in Andhra Pradesh, Telangana, and Maharashtra.

HAP has over 3100 milk collection centres that benefit farmers in Andhra Pradesh, Telangana, and Maharashtra. HAP intends to aggressively expand its network of milk collection centres in these three states in order to effectively serve over one lakh farmers.

Hatsun Agro Product buys all of its milk directly from farmers and has invested heavily in procurement infrastructure over the years to effectively handle large volumes of milk.

HAP is India's first dairy company to focus on increasing farmer income by lowering production costs. The company has been working with universities to commercialize high-yielding, protein-rich hybrid Napier green fodder (kambu/bajra) varieties like Co-4 and Co-5.

Many HAP farmers have cut the cost of feeding their cows in half by growing Co-4 and Co-5 hybrid fodder. Labor costs have been significantly reduced by using cow dung as manure, brush-cutters to save harvesting labour, rain guns to reduce water consumption, and milking machines.

At around 1.55 PM, Hatsun Agro Product was trading at Rs929.65 up by Rs27.05 or 3% from its previous closing of Rs902.60 on the BSE. The scrip touched intraday high and low of Rs934.30 and Rs897.25 respectively.