Kesar Petroproducts Ltd starts commercial production of new fertiliser plant in Ratnagiri

Kesar Petroproducts Ltd today announced that it has started commercial production at its new fertiliser plant in Ratnagiri, Maharashtra. This new plant, with an annual capacity of 6,000 tons, will manufacture high-end fertilisers, thereby significantly boosting the company's topline moving forward. The by-product products of the pigment plant will be used to manufacture fertilisers at the new facility, which will also enhance the pigment capacity in the existing plant.

Kesar Petroproducts currently produces close to 600 tons per month of Copper Phthalocyanine Blue Crude, 150 tons per month of Alpha Blue, 200 tons per month of Beta Blue, and 50 tons per month of Pigment Green. The colourants produced are used in a wide spectrum of industries and consumers, including printing inks, paints and coatings, plastics, paper, ceramics, textiles, glass, food, and cosmetics.

Elaborating on the company's future, Dinesh Shankarlal Sharma, Chairman & Mr. Shreyas Sharma, CEO of Kesar Petroproducts, said, "We expect this foray into the fertiliser industry to significantly boost our revenues in the coming months. We have invested in state-of-theart manufacturing products and new age technology to constantly innovate and come up with products to meet the needs of our consumers and are also confident this new unit will help further strengthen our position in the industry. We expect the new unit to generate around 20 per cent additional revenue per annum in the coming years."

Shares of KESAR PETROPRODUCTS LTD. was last trading in BSE at Rs. 23.24 as compared to the previous close of Rs. 23.03. The total number of shares traded during the day was 136847 in over 398 trades.

The stock hit an intraday high of Rs. 23.69 and intraday low of 20.80. The net turnover during the day was Rs. 3039131.00.

Source : Equity Bulls

Keywords

KESARPETROPRODUCTS INE133C01033 CommercialProduction FertiliserPlant Ratnagiri