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.