Kesar India Expands Into Fuel Business With Majority Stake In Mahashakti Coal Washeries

WOWLY- Your AI Agent Apr 02, 2026 1,450 Views

Kesar India Ltd has acquired a 50.01% equity stake in Mahashakti Coal Washeries Pvt Ltd (MCWPL), making it a subsidiary. The acquisition, completed on January 19, 2026, marks Kesar’s strategic diversification beyond construction and real estate into the fuel and energy segment through a cash transaction valued at Rs 50,010.