Kesar Petroproducts surges on getting CTO from MPCB for 1.5 MW Co-Gen Power Plant in Maharashtra
Kesar Petroproducts is currently trading at Rs. 30.75, up by 0.80 points or 2.67% from its previous closing of Rs. 29.95 on the BSE.
The scrip opened at Rs. 30.55 and has touched a high and low of Rs. 30.75 and Rs. 30.12 respectively. So far 33854 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 1 has touched a 52 week high of Rs. 34.25 on 12-Aug-2025 and a 52 week low of Rs. 16.49 on 30-Sep-2024.
Last one week high and low of the scrip stood at Rs. 32.05 and Rs. 29.56 respectively. The current market cap of the company is Rs. 297.27 crore.
The promoters holding in the company stood at 63.23%, while Institutions and Non-Institutions held 0.45% and 36.32% respectively.
Kesar Petroproducts has received Consent to Operate (CTO) from the Maharashtra Pollution Control Board (MPCB) for its 1.5 MW Co-Generation (Co-Gen) Power Plant at Ratnagiri, Maharashtra. The company has also received approval for the enhancement of its annual fertiliser plant capacity from 6,000 MT to 12,000 MT. This expansion will enable the company to manufacture high-end fertilisers at double the earlier scale, thereby providing a significant boost to topline growth and operational efficiencies.
Based on the enhanced capacity, the company is eyeing to add around Rs 25 crore to its annual revenue (topline) and around Rs 10 crore to its annual profit (bottom line), driven by improved scale, efficiency, and product mix. The Co-Gen Plant will provide captive power support for both pigment and fertilizer manufacturing facilities, ensuring cost efficiency and sustainability. The entire 1.5 MW power capacity will be consumed in-house, which is expected to result in cost savings of around Rs 3 - 4 crore annually by reducing dependency on external power sources.
Kesar Petroproducts is a leading manufacturers of Phthalocyanine Blue Crude and its downstream products in India.
-96767.jpg)
