Kesar Petroproducts Ltd receives CTO from MPCB for its 1.5 MW Co-Gen power plant

Kesar Petroproducts Limited 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 expects to add approximately ₹25 crore to its annual revenue (topline) and around ₹10 crore to its annual profit (bottomline), 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 approximately ₹3-4 crore annually by reducing dependency on external power sources.

Mr. Shreyas Sharma, CEO of Kesar Petroproducts Limited, commented: "These approvals mark a significant milestone in our growth journey. The doubling of our fertiliser capacity not only strengthens our product offerings but also positions us for strong revenue and profit growth. Importantly, the commissioning of our Co-Gen power plant underlines our commitment to environmental sustainability by reducing our reliance on grid power and lowering our carbon footprint. Together, these developments enhance our operational efficiency, cost competitiveness, and reinforce our vision of building a more resilient and responsible manufacturing ecosystem."

These developments are aligned with the Company's long-term strategy to build integrated, efficient, and environmentally responsible operations while driving growth and shareholder value.

Shares of KESAR PETROPRODUCTS LTD. was last trading in BSE at Rs. 29.95 as compared to the previous close of Rs. 30.39. The total number of shares traded during the day was 80846 in over 370 trades.

The stock hit an intraday high of Rs. 31.90 and intraday low of 29.56. The net turnover during the day was Rs. 2461447.00.

Source : Equity Bulls

Keywords

KESARPETROPRODUCTS INE133C01033 CommodityChemicals ConsentToOperate MPCB CoGenPowerPlant