Hafed expected to earn profit of Rs 125 cr

Hafed is estimated to have earned a profit of around Rs 125 crore during financial year 2016-17, an official said today.
"This is more than double the profit when compared to the profit of Rs 53.64 crore earned during the financial year 2015-16," the official said here.
Haryana State Co-operative Supply and Marketing Federation Limited (Hafed), which was set up in 1966, now proposes to further strengthen its core competence for the benefit of Haryana's farmers, he said.
Noting that Hafed has expanded its activities to serve customers across country by providing hygienic and safe consumer products, he said Hafed would further expand its agro processed consumer product range while also focusing on marketing.

Hafed plays a leading role in serving the economic interests of the farmers of Haryana by providing efficient and timely marketing support and safe warehousing, he said.
Hafed is a cooperative federation that has become Haryana's largest state procurement agency, procuring wheat, paddy, mustard, moong, bajra and sunflower from farmers of the state.