[Latest Updates:
Kesar Petroproducts has signed an MoU with Govt. of Assam to invest Rs. 2,000 cr. for production of methanol from raw bamboo. Present M. Cap. is Rs. 272 cr.
Also, with recent preferential issue the promoter share holding will shoot by 3.68% (63.85% to 67.53%)](https://www.business-northeast.com/biofuel-industry-takes-center-stage-at-24th-safe-annual-convention-2023). Promoter might be increasing the stake at lower levels to dilute it at much higher level
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