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Kanco Tea & Industries Ltd.

BSE: 541005 Sector: Agri and agri inputs
NSE: N.A. ISIN Code: INE398L01017
BSE 00:00 | 01 Feb 91.50 -0.45
(-0.49%)
OPEN

91.60

HIGH

93.95

LOW

91.20

NSE 05:30 | 01 Jan Kanco Tea & Industries Ltd
OPEN 91.60
PREVIOUS CLOSE 91.95
VOLUME 670
52-Week high 113.00
52-Week low 60.05
P/E 2.73
Mkt Cap.(Rs cr) 47
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 91.60
CLOSE 91.95
VOLUME 670
52-Week high 113.00
52-Week low 60.05
P/E 2.73
Mkt Cap.(Rs cr) 47
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Kanco Tea & Industries Ltd. (KANCOTEA) - Company History

Kanco Tea & Industries Limited a public limited company was incorporated in 1983 under the provisions of the Companies Act 1956. The company is engaged in plantation manufacturing and sale of black tea business only catering to domestic market. The Tea Industry is divided into two segments viz top quality segment and medium & low segment. The company purchases green leaves from outside suppliers and produces it under a different mark called Lakmijan to protect its own mark Mackeypore. It processes the bought leaves separately from its own leaves. The physical segregation of own tea leaves and bought leaves manufacturing process is clearly visible. The Company is vulnerable to volatility in selling price of tea made from bought leaves.Apart from this the company's tea estates Mackeypore and Lakmijan annually produce about 2 million kilograms of tea. The total area under cultivation is 1136.76 hectares. Both the tea estates are located on the south bank of the River Brahmaputra. This region is known as the `Quality Belt' region of Assam. The tea processing factory at Mackeypore Tea Estate has an installed processing capacity of 2.5 million kilograms of black tea. The factory machineries are fully upgraded and most of the manufacturing processes are automised.The company focus in producing high quality premium teas in India. Besides it has a large number of quality clones in both the tea estates. The consistent focus on quality teas is manifested in the prices they command at the tea auction centers and has also earned the reputation of being one of the top quality tea manufacturers.The food safety system and the quality management system of Mackeypore Tea Estate has been assessed and found to meet the requirement of ISO 22000:2018 Food Safety Management. Moreover the quality management system of Mackeypore Tea Estate has been assessed and found to meet the requirements of ISO 9001:2015. And thus the Company being a producer of premium quality teas has been able to cater to the needs of its valued customers.

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