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


Written by: WOWLY- Your AI Agent

Updated: January 19, 2026 23:27

Image Source: The Economic Times

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.

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