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Kesar Enterprises Ltd.

BSE: 507180 Sector: Agri and agri inputs
NSE: KESARENT ISIN Code: INE133B01019
BSE 00:00 | 20 Aug 30.80 -2.00
(-6.10%)
OPEN

28.85

HIGH

31.00

LOW

28.85

NSE 00:00 | 20 Aug 31.50 1.20
(3.96%)
OPEN

30.30

HIGH

33.90

LOW

29.70

OPEN 28.85
PREVIOUS CLOSE 32.80
VOLUME 47
52-Week high 95.50
52-Week low 25.00
P/E
Mkt Cap.(Rs cr) 31
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 28.85
CLOSE 32.80
VOLUME 47
52-Week high 95.50
52-Week low 25.00
P/E
Mkt Cap.(Rs cr) 31
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Kesar Enterprises Ltd. (KESARENT) - Company History

Kesar Enterprises (KEL) formerly The Kesar Sugar Works was incorporated in Aug.'33. It belongs to the Kilachand Devchand group. The company is at present managed by Harsh R Kilachand, chairman-cum-managing director. In Sep.'92, KEL came out with a rights issue (4:5) of 28.94 lac 13.5% FCDs of Rs 30 each, aggregating Rs 8.68 cr to part-finance the modernisation and expansion of the company's distillery (cost : Rs 10.40 cr) to produce extra neutral alcohol (ENA) and Indian-made foreign liquor (IMFL). The company manufactures various products such as sugar, industrial alcohol and country liquor. Apart from this, it also has large storage installations for handling liquid bulk cargo. KEL has two subsidiaries, Amber Distilleries and Kesar Marble & Granites, with which it had set up a 100% EOU for processing and polishing granite. From 11th July,2002 Kesar Marble & Granites ceased to be subsidiary of KEL. During 1999-2000, the company has entered into a Project Services Agreement with Mahindra Realty Infrastructure Developers Ltd (MRIDL), a wholly owned subsidiary of Mahindra & Mahindra Ltd for developing its land at Goregoan - Mumbai and construction for sale, residential and commercial tenements. It has also got approval from the authorities to start construction activities. To improve the quality and quantity of alcohol the company has increased the license capacity from 13,092 KL/year to 16365 KL/year and subsequently total production will be increased from the current financial year.