Kribhco profit rises to Rs 200 crores, pays 20% dividend

Noida Soil Testing reports take ages to come and I request you to get it sent as quickly as possible, said Jaiveer Singh, a delegate from Hapur who had come to participate in the Kribhco AGM held on Thursday in N Delhi.

Krishna Lal from Bagpat wanted parity for cane growers vis a vis cooperative in matters of rate and availability of fertilizers. Khemchand Yadav from Jaipur wanted Kribhco to stress upon bio-fertilizer more and more.

In a free for all members’ AGM, delegates put across their point of views frankly. The Vice Chairman of Kribhco Chandra Pal Singh Yadav promised to accommodate as much as possible.

It was announced on this occasion that Kribhco has earned a pretax profit of Rs. 192.16 crores during the financial year 2011-12. Buoyed by the results, it declared a dividend @ 20% for Member Cooperative Shareholders, consecutively for the 8th year on this occasion.

The annual accounts have been approved by the Society in its 32nd Annual General Body Meeting held on Thursday at NCUI Auditorium in Delhi.

Kribhco Chairman V. R. Patel, Vice Chairman, Dr Chandra Pal Singh Yadav, Managing Director B D Sinha and all the directors attended the AGM. More than 510 delegates of member cooperatives from different parts of the country also participated.

B.D.Sinha, Managing Director informed Hazira Plant has maintained good performance during the year. On marketing front, Kribhco has positioned itself strategically and is committed to fulfill the aspirations of all stakeholders, said Mr Sinha.

KRIBHCO has also diversified into Infrastructure business and established a subsidiary “KRIBHCO Infrastructure Ltd.,(KRIL)”. KRIL has established Inland Container Depot (ICD) at Hazira and Rewari. Further two more ICDs are under advanced stage of construction at Modinagar and Hindaun. KRIL has eight rakes and 1500 containers.

On this occasion, two eminent cooperators were honoured by KRIBHCO for their pioneering works. The “Sahakarita Shiromani” samman was awarded to Smt. Leeladevi R.Prasad from Karnataka and the “Sahakarita Vibhushan” samman was awarded to Shri Vitthalbhai H.Radadiya from Gujarat. Both eminent cooperators are said to have acted as catalyst for the national cooperative movement.

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