just did a bit of googling to find out the history and value of this partner,
The Group Founded in 1973 by Shri K V K Raju with a modest investment of US$ 23 million, the Nagarjuna Group today is a prominent industrial house in India with an asset base of US$ 2.5 billion.
1974: Birth of a business group that pioneered several core sector enterprises in the coming decades. Starting with manufacturing steel, Nagarjuna Steels Limited was launched.
1985: With focus on agriculture input business started plant nutrition business with Nagarjuna Fertilizers and Chemicals Limited.
1992: Forayed into the Crop Protection Business with investments in Pesticide Formulations manufacturing followed by Technical Grade Manufacturing in the year 1994.
1994: Micro irrigation business started to address the irrigation problems of farmers living in water and energy scarce regions.
1995: Ventured into Energy sector. Entered into power generation by setting up Nagarjuna Power Corporation Limited.
1997: Entered into petroleum by setting up Nagarjuna Oil Corporation Limited. Consolidating its core activities, today the Group’s major operations cover Agri and Energy sectors.
the web site seems a little outdated with 2008 being the earliest article under the media section. http://www.nagarjunagroup.com/agri_news.htm#
BMB Price at posting:
9.8¢ Sentiment: LT Buy Disclosure: Held
