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KSK Energy Ventures receives consent for sale of 26 windmill assets

04 Jul 2011 Evaluate

KSK Energy Ventures has received an approval for the sale of 26 windmill assets of the company aggregating to 31.80 MW situated in the state of Tamil Nadu to KSK Wind Energy, a subsidiary of the company. Further to the approval given by the shareholders, the Company has received an approval from the board of directors.

Recently, the company was planning to raise Rs 1,200 crore of debt to set up 250 Mw projects by the next wind season. In this regard, the company was in talk with various suppliers, including Chinese suppliers like Dongfang, Shanghai Electric in China and Suzlon in India, for the wind energy machinery.

On the consolidated basis, the group’s net profit has increased by 68.68% to Rs 80.80 crore for the quarter ended June 30, 2010 as compared to Rs 47.90 crore for the quarter ended June 30, 2009. Its total income has grown by 70.15% to Rs 249.14 crore for the quarter as compared to Rs 146.42 crore for the previous year’s corresponding quarter.

KSK Energy Ventures is a power project development company. It supplies power to a mix of industrial and state-owned consumers.

KSK Energy Ventures Share Price

0.57 0.00 (0.00%)
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