In less than four years of reconstruction and rebuilding, the agri co-operative Nafed created history by announcing 20 per cent dividends at its 63rd Annual General Meeting held at NCUI headquarters in Delhi on Wednesday.
Nafed shareholders, who were a depressed lot till yesterday were in for a pleasant shock when Chairman Bijender Singh announced the good news in his own inimitable style. Cheering him on were all the Board Directors on the dais and led by senior co-operator Chandra Pal Singh.
Thanking the delegates for braving Corona scare to participate in the AGM, Bijender Singh said “NAFED has been generating profits for the last three years now accumulating to Rs.670 crore, which is a remarkable achievement which was possible with support from all concerned and various new initiatives taken by NAFED during these years.”
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