Kesar Enterprises’ SPV inks concession agreement to set up composite logistics hub

25 Oct 2011 Evaluate

Kesar Enterprises special purpose vehicle (SPV) - Kesar Multimodal Logistics has signed a concession agreement with The 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 (DBFOT) basis through public private participation (PPP).

The setting up of Composite Logistics Hub would include development of infrastructure on an area of 88.3 acres of land provided by the Mandi Board on license basis 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.

Kesar Enterprises (KEL) has evolved into one of the leading industrial houses in Uttar Pradesh, North India. It is engaged in the manufacture, marketing & sale of a wide-range of products, that can be broadly divided into the following two groups - Sugar, Bio-Products & Chemicals - Sugar, Alcohol, Alcoholic Beverages, Agri-products and Distribution & Storage of Bulk Liquid Cargo at Kandla & port related activities.

Kesar Multimodal Logistics is a special purpose vehicle formed by the consortium of Kesar Terminals & Infrastructure and Kesar Enterprises.

Kesar Enterprises Share Price

139.75 -0.75 (-0.53%)
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Peers
Company Name CMP
Shree Renuka Sugar 39.83
Bajaj Hindusthan Sug 31.14
Balrampur Chini Mill 537.05
Triveni Engg. & Inds 453.75
Dalmia Bharat Sugar 379.55
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