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KSK Energy Ventures plan to raise Rs 1,200 crore

23 May 2011 Evaluate

KSK Energy Ventures is 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 is in talk with various suppliers, including Chinese suppliers like Dongfang, Shanghai Electric in China and Suzlon in India, for the wind energy machinery.

The company required about Rs 1,500 crore for the total project on 80% debt and 20% equity basis. The KSK group, which is targeting at around 8,000 Mw power generation by FY13 is aiming to generate 5-6% of that through renewable.

Further, the Group has incorporated a subsidiary KSK Green Energy Pte in Singapore to make direct investment in new renewable power generation opportunities.

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 Share Price

0.57 0.00 (0.00%)
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