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Kesar Terminals & Infrastructure Ltd share price today (on 3 December 2023).

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BSE: 533289 | NSE: KTIL | ISIN: INE096L01017 Market Cap: [Rs.Cr.] 35 | Face Value: [Rs.] 10 Industry: Miscellaneous

Kesar Terminals & Infrastructure Ltd is engaged in the business of tanking, warehousing, storage of liquid hazardous or non hazardous goods, cargo, materials, articles, things. The company is having Storage Terminals at Kandla. They have purchased land at Pipavav, Gujarat and also have leased land at Kakinada, Andhra Pradesh. Kesar Terminals & Infrastructure Ltd was incorporated on January 21, 2008. As per the scheme of arrangement, the Storage Division of Kesar Enterprises Ltd (KEL) was demerged and transferred to the company as a going concern with effect from the appointed date, January 1, 2009. The scheme became effective on March 29, 2010.
The company ceased to be a subsidiary of Kesar Enterprises Ltd with effect from June 1, 2010. The company's equity shares were listed on the Bombay Stock Exchange Ltd (BSE) and National Stock Exchange Ltd (NSE) with effect from December 22, 2010. In September 2011, the company received a Letter of Award (LOA) from Madhya Pradesh State Agricultural Marketing Board (Mandi Board) for setting up a 'Composite Logistics Hub' at Pawarkheda, District Hoshangabad, Madhya Pradesh on Design, Build, Finance, Operate and Transfer (DGFOT) basis through Public Private Participation (PPP).
The execution of the project shall be through a special purpose vehicle by incorporating a new company in the name and style 'Kesar Multimodal Logistics Ltd' jointly by the company and KEL. The company has taken possession of about 10 acres of land at Kakinada port in Andhra Pradesh and has commenced initial site development work. They plan to put up both dry cargo and bulk liquid cargo handling facilities at Kakinada. The company has purchased about 16 acres of land at Pipavav port in Gujarat and is planning to put up a Bulk Liquid Storage Terminal and a Container Freight Station [CFS] at Pipavav. The company has been exploring opportunities for putting up Bulk Liquid Storage Terminals at other ports and also examining putting up other inland port based facilities such as Container Freight Station, Inland Container Depots and Multi Modal Hubs at different locations in the country.

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