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Kesar Enterprises Ltd.

BSE: 507180 Sector: Agri and agri inputs
NSE: KESARENT ISIN Code: INE133B01019
BSE 00:00 | 02 Dec 69.15 0.50
(0.73%)
OPEN

69.00

HIGH

70.95

LOW

69.00

NSE 05:30 | 01 Jan Kesar Enterprises Ltd
OPEN 69.00
PREVIOUS CLOSE 68.65
VOLUME 2471
52-Week high 124.90
52-Week low 65.30
P/E
Mkt Cap.(Rs cr) 70
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 69.00
CLOSE 68.65
VOLUME 2471
52-Week high 124.90
52-Week low 65.30
P/E
Mkt Cap.(Rs cr) 70
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 July2002 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 13092 KL/year to 16365 KL/year and subsequently total production will be increased from the current financial year.

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