Company also considering setting up its own feed manufacturing facilities to meet the rising demand.
Fertiliser major IFFCO’’s arm IFFCO Kisan Sanchar Ltd announced that it has sold one lakh tonnes of cattle feed worth Rs 160 crore in financial year 2020-21 and is considering setting up its own plant to meet the rising demand.
IFFCO Kisan Sanchar had entered the compound cattle feed business on a pilot basis during 2019-20 financial year. It has currently partnered with third-party manufacturers. The FY21 was its first full year of operation for the cattle feed business.
IFFCO Kisan Sanchar Ltd said in a statement that it sold 1 lakh tonnes of cattle feed valued at Rs 160 crore during fiscal 2020-21.The cattle feed business now contributes about 30 per cent of its total business, the company added. IFFCO Kisan is now looking at widening its tie-up with third-party manufacturers and is also considering setting up its own feed manufacturing facilities.
IFFCO Kisan Sanchar National Sales Head Ganesh Dash said, “We already have tie-ups with seven cattle feed manufacturers. As the customers have put in lots of faith in our products, we are now looking to tie up with five more manufacturers.”
“Company is also contemplating setting up its own manufacturing plant or take plants on lease for meeting the rising demand for cattle feed. Our cattle feed is manufactured from the best of the raw materials using the highest standards of manufacturing and as per the guidelines given by the Bureau of Indian Standards,” Dash added.
The raw material is sourced directly from the farms. IFFCO Kisan said its cattle feed is prepared according to the National Dairy Development Board’’s guidelines.
“Our cattle feed maintains the right amount of urea composition. As per the standards, the urea composition in cattle feed should not be more than 1 per cent,” Dash said.
