KSK Energy Ventures Limited was established in 2001 to capitalize on the emerging opportunities in the Indian power sector and focus on developing, operating and maintaining power projects. KSK Energy Ventures has operational power plants capable of generating 144 MW of power, and power projects under construction that are capable of generating an aggregate of 675 MW of power. It has entered into multiple Power Purchase Agreements with captive consumers. The Company has three power projects under development and five planned projects for an aggregate capacity of 8,318 MW of power.
The Company proposes to utilize the net proceeds of the Issue to part fund its investment in Wardha Power Co. Pvt Ltd, either directly, or through KSK Electricity Financing India Pvt Ltd, to finance the equity component of the 1,800 MW coal-based thermal power plant at Chhattisgarh. KSK Energy Ventures Limited has received an aggregate of Rs. 415.34 crore pursuant to subscription in the Pre-IPO placing of Equity Shares at Rs.240/- per share , of which the company intends to use Rs. 215.34 crore for funding the Wardha Chattisgarh Project.
Given the market condition, we do not recommend investors to venture into IPO for now!
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