KSK Energy Ventures is currently trading at Rs. 40.90, up by 1.20 points or 3.02% from its previous closing of Rs. 39.70 on the BSE.
The scrip opened at Rs. 39.80 and has touched a high and low of Rs. 43.50 and Rs. 39.20 respectively. So far 118507 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 77.10 on 09-Mar-2015 and a 52 week low of Rs. 29.20 on 08-Sep-2015.
Last one week high and low of the scrip stood at Rs. 43.50 and Rs. 36.90 respectively. The current market cap of the company is Rs. 1727.74 crore.
The promoters holding in the company stood at 68.18% while Institutions and Non-Institutions held 18.79% and 13.03% respectively.
KSK Energy Ventures is reportedly in talks with Foreign Strategic Investors & two Indian Power Companies to sell 74% stake in Wardha power plant for up to Rs 3000 crore. Further, the company is planning to utilize this capital to reduce debt and expand its 3600 MW power project in Chhattisgarh.
The company’s business activities include building of power station across India, thus reducing power supply deficit. Company supplies these utilities under short and medium term Power Purchase Agreements and to bulk consumers for captive, multi-captive and merchant operations.
