K C P Share Price

K.C.P. Limited was incorporated as a Public Limited Company in July, 1941. A multiproduct company with two sugar mills, downstream distillery, a cement plant and an engineering division, KCP was initially a sick sugar unit (cap. : 600 tpd). It was taken over by the late Velagapudi Ramakrishna in 1941. The merger of Challapalli Sugars a BIFR company with it in 1988 and expansions have increased its sugar capacity tenfold to 6300 tpd over the last five decades. Presently, the Company is operating into manufacture and sale of cement, heavy engineering, power generation for captive use and hospitality.The cement factory, set up in 1958, was the first dry process plant in India. The engineering division was set up in 1955 as an inhouse venture to manufacture sugar machinery required by the company. Manufacture of machinery required for cement, chemicals, steel castings, etc, were later added to this division. Both the cement and engineering divisions have been accredited with the ISO 9002 and ISO 9001 certification respectively in 1994.KCP hived off its sugar and industrial alcohol business, which was transferred to a new company, KCP Sugar Industries Corporation. The Company also undertook a joint venture with Vantech Industries for the manufacture of specialised insecticides. KCP promoted FCBKCP, a joint venture with FCB, France, in a 40:40 equity participation. The new company is to manufacture and supply stateoftheart machinery and technology to clients in the sugar industry both in India and abroad.The cement unit of the company continues to retain the ISO 9001 certification while the engineering unit was accredited to use the symbol S and U of the American Society of Mechanical Engineers (ASME) for the manufacture and assembly of power boilers and pressure vessels, respectively on 15 May96. KCP has also received the Certificate of Merit for outstanding export performance during 199495 among NonSSI exporters in industrial machinery panel for manufacture of sugar, paper, chemical, cement and pharmaceuticals.The company had set up 5 minihydel units aggreagting 8.25 MW capacity in the Guntur branch canal of the Nagarjuna Sagar Dam. Electricity generated in this unit is wheeled to the cement unit for use. During 200102 the company entered into an agreement with Andhra Pradesh Transmission Corporation Limited(APTRANSCO) for wheeling the generated energy at Hydel stations to the cement plant with a wheeling charge of 2% fixed for a period of 20 years.Natural Colour Extraction Plant was commissioned in Nov 05. The Company commissioned a Wind Farm of 3.75 MW during Sep06 in Uthumalai, in Tirunelveli Dist.During the year 200910, the New Cement Unit II of Muktyala Plant Project up to the stage of clinkerisation got commissioned on Mar 07, 2011. The 18 MW Thermal Power Plant at Muktyala was commissioned during the year 201415. The Company commissioned the Mercure Hotel Project at Hyderabad in 201516. The operation of Brown Field Cement Project at Muktyala was commissioned in 201819. The construction of remaining facilities such as packing plant, Cement Silo and FlyAsh Silo got commissioned in Sep 19 and Feb 20 respectively. The operations of Cement Packing Terminal Project in Arakonam near Chennai was commissioned in FY 2022.