Kesar Terminals surges on receiving LOA from Mandi Board

22 Sep 2011 Evaluate

Kesar Terminals is currently trading at Rs. 73.00, up by 1.00 points or 1.39% from its previous closing of Rs. 72.00 on the BSE.

The scrip opened at Rs. 73.80 and has touched a high and low of Rs. 73.80 and Rs. 69.50 respectively. So far 1139 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 129.40 on 05-Jan-2011 and a 52 week low of Rs. 69.05 on 22-Aug-2011.

Last one week high and low of the scrip stood at Rs. 76.50 and Rs. 69.05 respectively. The current market cap of the company is Rs. 37.82 crore.

The promoters holding in the company stood at 59.93% while Institutions and Non-Institutions held 10.00% and 30.07% respectively. 

Kesar Terminals & Infrastructure alongwith its consortium member, Kesar Enterprises  (KEL) has 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 project cost is estimated at Rs 147 crore.

The setting up of 'composite logistics hub' would include development of infrastructure on an area of 88.3 acres provided by the Mandi Board covering an entire range of logistics infrastructure including rail sidings for cargo and container movement, rail side warehouses, Inland Container Depot (ICD), Cold Storage, food grains warehouse, development of common facilities, marketing of the same to potential customers along with operation and maintenance thereof.

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' jointly by the Company and KEL.

Kesar Terminal&Infra Share Price

85.00 -0.03 (-0.04%)
21-May-2024 16:01 View Price Chart
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