Calcutta HC upholds state govt’s Metro Dairy stake sale to Keventer
The Calcutta High Court dismissed a petition alleging the sale of State’s Metro Dairy Limited (MDL) shares to Keventer Agro Ltd (KAL) in 2017 was non-transparent or opaque. A division bench of the court said the state has not adopted a non-transparent method to sell 47 per cent of its stake to KAL and there […]
CBI is ready to take over Metro dairy investment case in Kolkata
The Central Bureau of Investigation (CBI) on Tuesday said it is ready to take over the probe of the Metro Dairy case provided the agency gets the permission of the Calcutta High Court. CBI counsel Anirban Mitra informed the division bench of Chief justice Prakash Srivastava and Justice Indraprasanna Mukhopadhyay, that both CBI and Enforcement […]
Keventer’s Agro focus on frozen foods and tetra pack milk businesses
With growing acceptance of frozen foods during the pandemic; Keventer Agro said it aims to establish frozen foods and tetra pack milk businesses nationwide in the next two-three years. The Kolkata-based company is aiming for a 10-percent increase in turnover to Rs1100-crore in FY22 from Rs 1,000-crore in FY21; with much of the revenue expected […]
DAIRY NEWS Disinvestment in Metro Dairy Kolkata under ED’s Lense
Metro dairy was set up as India’s first dairy project under PPP mode. It was set up under a tripartite arrangement of West bengal Milk Producers Federations, NDDB and Keventer’s Agro. It was being set up as part-3 of the Operation Flood in 1996. Later, NDDB sold its stake to Keventer’s Agro. InAugust 2017 West […]
