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Hatsun Agro Product will further expand its fast-growing cattle-feed business with the acquisition of a feed mill.
Hatsun, India’s largest private dairy with revenues of over ₹ 2,900 crore, informed the BSE that its board would consider a proposal to acquire a feed mill in Tamil Nadu subject to formalities.
The board will meet on December 23.
Growth area The company, which markets milk under the brand Arokya, ice-creams under brands Arun Ice Cream and Ibaco, and a range of dairy products under the Hatsun brand, sees cattle-feed as an important growth area.
In 2014-15, the cattle feed business contributed about ₹100 crore to the company, up from about ₹72 crore the previous year. It markets cattle-feed under the brand Santosa to dairy farmers who supply milk to it.
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