Kesar Terminals & Infrastructure Ltd

Summary

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 companys 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... Read More