Kesar India Expands into Electric Power Transmission with New Subsidiary

Kesar India Limited has informed the stock exchanges about the incorporation of a wholly owned subsidiary named Kesar Green Power Private Limited (KGPPL) in Nagpur, Maharashtra, on August 2, 2024. This strategic move marks Kesar India Limited’s entry into the Electric Power Transmission sector, further diversifying its business operations.

Kesar Green Power Private Limited has been established with an authorised capital of ₹5,00,000, divided into 5,000 equity shares of ₹100 each. The company’s initial focus will be on the electric power transmission industry, which is a significant step for Kesar India as it seeks to expand its footprint into new and emerging sectors.

The incorporation of Kesar Green Power Private Limited aligns with Kesar India Limited’s broader strategic objectives of diversification and growth. By venturing into the electric power transmission sector, the company aims to leverage new opportunities in the energy space, which is increasingly becoming a critical area for sustainable development and technological innovation.

To facilitate the launch of this subsidiary, Kesar India Limited has acquired 1,000 equity shares at a face value of ₹100 per share, with the initial subscription money being infused in the form of cash. This financial commitment underscores the company’s confidence in the potential of Kesar Green Power Private Limited to contribute positively to its overall business portfolio.

Meanwhile, on August 1, 2024, Kesar India Limited incorporated another wholly owned subsidiary, namely, YK Infraproject Private Limited in Nagpur, Maharashtra. The object of incorporation of this subsidiary is to diversify Kesar India’s business of construction and real

estate activities as per project and/or activity. YK Infraproject Private Limited belongs to the Construction and Real Estate industry.

About Kesar India Limited

Kesar India (Kesar Lands) specialises in real estate development, including the construction of residential, commercial, industrial, factory, and workshop buildings. All projects are marketed under the brand name Kesar Lands.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.