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Ananda Dairy inks Rs 100-cr deal with SBI for cattle loans

Press Trust of India  |  Mumbai 

today said it has signed a Rs 100 crore agreement with the of India to felicitate 50,000 farmers with cattle loans.

This MoU is aimed at giving an easy approach to farmers while applying for cattle loans, to further encouraging them to transform cattle farming into a profitable profession, the company said in a release.

The company processes 1,200,000 litres of milk a day, of which it collects over 800,000 litres from dairy farmers.

****************** Exim extends USD 66.60-mn LoC to for road project *

of India (Exim Bank) today said it has extended a line of credit (LoC) of USD 66.60 million to for the Base-Butaro-Kidaho road project.

With this agreement, so far has extended five LoCs to the government of Rwanda, taking the total value of LoCs to USD 347.65 million, the bank said in a release.

****************** Lemon Tree enters in *

Lemon Tree today announced the opening of its new property in Baddi,

Carnation Hotels, the hotel management arm of Lemon Tree Hotels, will manage this midscale hotel, the company said in a release.

operates three brands - Lemon Tree (upper midscale), Lemon Tree (midscale) and Red Fox Hotels (economy), and currently owns and operates 50 hotels in 32 cities, with 4,950 rooms.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, May 17 2018. 16:15 IST