Kesar Petroproducts saw a 3.44% increase in their share price as they launched a new fertilizer plant in Ratnagiri. This plant, with a capacity to produce 6,000 tons of fertilizers each year, will help the company grow its business. The new plant will use products made in their pigment plant to manufacture high-quality fertilizers. This move will also increase the capacity of the existing pigment plant.
Read More: D-Mart’s Q4 Net Profit Drops by 2.19%, But Revenue Shows Growth
Currently, Kesar Petroproducts makes around 600 tons of Copper Phthalocyanine Blue Crude per month, 150 tons of Alpha Blue, 200 tons of Beta Blue, and 50 tons of Pigment Green. These colorants are used in many industries, including printing, paint, plastics, paper, ceramics, textiles, glass, food, and cosmetics.
Speaking about the company’s future, Dinesh Shankarlal Sharma, the chairman, and Shreyas Sharma, the CEO, shared their optimism. They said they expect the new fertilizer business to boost their revenue in the coming months. They have invested in advanced technology and manufacturing to keep improving their products. The new plant is expected to bring in about 20% more revenue each year in the coming years.
Also See: On 5 May Could Be a Turning Point for Nifty 50 and Sensex — See What Experts Are Predicting Today!
Kesar Petroproducts is a major producer of Phthalocyanine Blue Crude in India and holds a 15% share of the country’s Copper Phthalocyanine market.
In their recent financial results, Kesar Petroproducts reported a 100% increase in net profit, which rose to Rs 2.94 crore. Their net sales also grew by 38.83%, reaching Rs 49.66 crore in the third quarter of December 2024, compared to the same period in 2023.
