KSK Energy plans to raise Rs 5,000 crore

KSK Energy Ventures is seeking shareholders’ nod for an enabling resolution which will help the company raise up to Rs 5,000 crore. The company has received its board’s approval for the same at its meeting held on August 27, 2016.

In a separate development, the company will seek members’ nod for appointment of Savita Jyoti, as additional Director, with effect from August 27, to hold the office of a women director.

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.