Inauguration of 1st phase of the Composite Logistics Hub Project of Kesar Multimodal Logistics Ltd. in Madhya Pradesh.

Bhoomi Poojan Ceremony of Kesar Multimodal Logistics Limited will take place on 22nd October, 2012 at Pawarkheda, Madhya Pradesh.

The Company has received a Letter of Award (LOA) from Madhya Pradesh State Agricultural Marketing Board (Mandi Board) for setting up a “Composite Logistics Hub” at Pawarkheda, District Hoshangabad, Madhya Pradesh on Design, Build, Finance, Operate and Transfer (DGFOT) basis through Public Private Participation (PPP).

A Special Purpose Vehicle i.e. Kesar Multimodal Logistics Limited [KMLL] incorporated by Kesar Enterprises Limited & the Company has entered into a Concession Agreement with The Madhya Pradesh State Agricultural Marketing Board (Mandi Board) for executing the Project.