JAKFED earns a profit of Rs 6 crore during last fiscal

JAMMU: Jammu and Kashmir Cooperative Supply and Marketing Federation Limited (JAKFED), turnover during the last fiscal touched Rs 66, earning a profit of Rs 6 crore.
This was disclosed during a review meeting held by the Secretary Cooperative Department, R K Koul on Saturday.
During the meeting MD JAKFED Shah apprised that the federation has estimates a turnover of Rs.84 crore during the current fiscal.
It was informed that the JAKFED has diversified its business activities with a result profitability of the federation improving considerably.
During the course of review, the Secretary issued directions to create a grievance and redressal cell in all the distributor units of LPG being run by the JAKFED, in order to redress grievances of customers.
The Secretary was also apprised about the JAKFED office at Leh and the activities undertaken by the said branch.
The directions were also issued to the Managing Director and General Manager, JAKFED to visit Leh in order to fetch more and more business for the institution.
The Additional Registrar, Joint Registrar (cooperative), Dy Secretary (cooperative) among others were also present in the meeting.