Mumbai (Maharashtra) [India], March 18 (ANI/PNN): Shri Keshav Cement & Infra Limited (BSE - 530977), a leading manufacturer of cement and solar power in Karnataka, has announced a fund-raising initiative through a Preferential Issue of Equity Shares & Equity Share Warrants. The company aims to raise a total of INR 45.98 Crore, comprising INR 19.65 Cr by way of 15,72,000 Equity Shares at a price of INR 125/- per share and INR 26.33 Cr by way of 20,25,000 Equity Share Warrants at a price of INR 130/- each. Additionally, the company plans to convert unsecured loans amounting to INR 24.00 Cr from the Promoter and Promoter group into Equity Shares (19,20,000 Equity Shares at INR 125/- each). This fund raise will enable the company to expand its total cement capacity from 3,50,000 MTPA to 10,00,000 MTPA. Saint Capital Fund, Family office of Chindak brothers (Vega Helmets), Team India Managers Limited are some of the marquee investors participating in the fund raising. Prime Securities Limited and New Berry Advisors Limited are the advisors to the issue. Commenting on the performance,Mr. Venkatesh Katwa, Chairman of Shri Keshav Cement & Infra Limited, said, "The funds raised will be utilized for the expansion plan of the company, which will increase our capacity to 10,00,000 MTPA. With this expansion, we will be equipped with the latest technology and equipment, modernizing our plant. Together with our captive solar plant, we expect to generate one of the highest per ton EBITDA in the industry. Shri Keshav Cement & Infra Limited has a strong reputation for delivering high-quality products and services. With this fund-raising initiative, the company is well-positioned to continue its growth trajectory and provide value to its shareholders." Incorporated in the year 1993, Shri Keshav Cement & Infra Limited (KCIL), formerly Katwa Udyog Limited) is engaged in the manufacturing of Cement and Solar Power Generation and Distribution in the state of Karnataka, India. The Business segments are divided into two verticals 1) Manufacturing of cement 2) Generation of Electricity using Solar Power. The cement plants are located in Bagalkot district, Karnataka and the Solar power plant is located at Koppal, Karnataka. The Company manufactures 43 grade and 53 grade Ordinary Portland Cement. The inception of the company began with the acquisition of a sick cement plant of 20 TPD (Tons per day) in 1994. The capacity of the plant gradually increased year after year to reach 600 TPD. The further acquisition has added 300 TPD to the existing capacity. The current capacity of the company is 1,100 TPD with two cement manufacturing plants - one operating with a vertical shaft kiln (VSK) having a capacity of 300TPD in Kaladgi, Bagalkot and another unit having a capacity of 800 TPD operating with rotary kiln technology located at Nagnapur, Bagalkot. The company owns three very renowned regional brands of cement "Jyoti Power", "Jyoti Gold" & "Keshav Cement". The company supplies cement in North Karnataka, Coastal Karnataka, Goa and some parts of Maharashtra and Kerala. "Keshav Cement" is a premium brand of the company. SKCIL has been producing cement by using 100% green energy (Solar) since April 2018. The cement industry is highly energy-intensive, and power cost constitutes around 30% of the manufacturing cost in the cement manufacturing process. The current power requirement of the cement plants is 12 MW. The Company has two power plants that cumulatively generate 37 MW of power. After using it for its business operations, the balance of 25 MW is sold by the Company. The other group companies are Katwa Infotech Pvt Ltd and Neel Holistic Infra Pvt Ltd (formerly known as Katwa Construction Pvt. Ltd). The shares of SKCIL are listed on BSE (530977). This story is provided by PNN. ANI will not be responsible in any way for the content of this article. (ANI/PNN)
Related Keywords
Kaladgi , Karnataka , India , Mumbai , Maharashtra , Bagalkot , Kerala , Koppal , Venkatesh Katwa , Saint Capital Fund , Neel Holistic Infra Pvt Ltd , Berry Advisors , Shri Keshav Cement Infra , Katwa Udyog , Shri Keshav Cement Infra Limited , Team India Managers , Katwa Infotech Pvt Ltd , Shri Keshav Cement , Infra Limited , Preferential Issue , Equity Shares , Equity Share , Share Warrants , Capital Fund , Vega Helmets , Team India Managers Limited , Securities Limited , New Berry Advisors Limited , Keshav Cement , Katwa Udyog Limited , Solar Power Generation , Ordinary Portland , North Karnataka , Coastal Karnataka , Katwa Construction , Mumbai Maharashtra India , Arch 18 Ani Pnn Shri Keshav Cement Amp Infra Limited Bse 530977 , A Leading Manufacturer Of Cement And Solar Power In Karnataka , As Announceda Fund Raising Initiative Througha Preferential Issue Of Equity Shares Amp Share Warrants The Company Aims To Raisea Total Inr 45 98 Crore , Omprising Inr 19 65 Cr By Way Of 15 , 72 , 000 Equity Shares Ata Price Of Inr 125 Per Share And 26 33 Cr By Way 20 , 25 , 000 Equity Share Warrants Ata Price Of Inr 130 Each Additionally , He Company Plans To Convert Unsecured Loans Amounting Inr 24 00 Cr From The Promoter And Group Into Equity Shares 19 , 20 , 000 Equity Shares At Inr 125 Each This Fund Raise Will Enable The Company To Expand Its Total Cement Capacity From 3 , 50 , 000 Mtpa To 10 , 00 , 000 Mtpa Saint Capital Fund , Amily Office Of Chindak Brothers Vega Helmets , Eam India Managers Limited Are Some Of The Marquee Investors Participating In Fund Raising Prime Securities And New Berry Advisors To Issue Commenting On Performance , Mr Venkatesh Katwa , Hairman Of Shri Keshav Cement Amp Infra Limited , Aid , Uot The Funds Raised Will Be Utilized For Expansion Plan Of Company , Hich Will Increase Our Capacity To 10 , 000 Mtpa With This Expansion , E Will Be Equipped With The Latest Technology And Equipment , Odernizing Our Plant Together With Captive Solar , E Expect To Generate One Of The Highest Per Ton Ebitda In Industry Shri Keshav Cement Amp Infra Limited Hasa Strong Reputation For Delivering High Quality Products And Services With This Fund Raising Initiative , He Company Is Well Positioned To Continue Its Growth Trajectory And Provide Value Shareholders Quot Incorporated In The Year 1993 , Hri Keshav Cement Amp Infra Limited Kcil , Ormerly Katwa Udyog Limited Is Engaged In The Manufacturing Of Cement And Solar Power Generation Distribution State Karnataka , Ndia The Business Segments Are Divided Into Two Verticals 1 Manufacturing Of Cement 2 Generation Electricity Using Solar Power Plants Located In Bagalkot District , Arnataka And The Solar Power Plant Is Located At Koppal , Arnataka The Company Manufactures 43 Grade And 53 Ordinary Portland Cement Inception Of Began With Acquisition Ofa Sick Plant 20 Tpd Tons Per Day In 1994 Capacity Gradually Increased Year After To Reach 600 Further Has Added 300 Existing Current Is 1 , 100 Tpd With Two Cement Manufacturing Plants One Operating Witha Vertical Shaft Kiln Vsk Havinga Capacity Of 300tpd In Kaladgi , Agalkot And Another Unit Havinga Capacity Of 800 Tpd Operating With Rotary Kiln Technology Located At Nagnapur , Agalkot The Company Owns Three Very Renowned Regional Brands Of Cement Quot Jyoti Power , Uot Jyoti Gold Quot Amp Keshav Cement The Company Supplies In North Karnataka , Oa And Some Parts Of Maharashtra Kerala Quot Keshav Cement Isa Premium Brand The Company Skcil Has Been Producing By Using 100 Green Energy Solar Since April 2018 Industry Is Highly Intensive , Nd Power Cost Constitutes Around 30 Of The Manufacturing In Cement Process Current Requirement Plants Is 12 Mw Company Has Two That Cumulatively Generate 37 After Using It For Its Business Operations , He Balance Of 25 Mw Is Sold By The Company Other Group Companies Are Katwa Infotech Pvt Ltd And Neel Holistic Infra Formerly Known As Construction Shares Skcil Listed On Bse 530977 This Story Provided Pnn Ani Will Not Be Responsible In Any Way For Content Article ,
vimarsana.com © 2020. All Rights Reserved.