Indian Subsidiary Financial Results

RNS Number : 1255R

KSK Power Ventur PLC

31 October 2011

 



31^st October 2011

KSK Power Ventur plc

Indian subsidiary financial results (under Indian GAAP) for the Quarter ended 30 September 2011

KSK Power Ventur plc ("KSKPV" or "the Company"), the power project company listed on the London Stock Exchange, with interests in multiple power plants and businesses across India, is pleased to announce that its subsidiary, KSK Energy Ventures Limited ("KSKEV"), the equity shares of which are listed and traded on the National Stock Exchange of India Limited ("NSE") and the Bombay Stock Exchange Limited ("BSE"), has filed with the NSE and BSE on 29 October 2011, its un-audited financial results for the three months ended 30 September 2011.

Full details of the KSKEV unaudited results are available on KSKEV website (www.ksk.co.in) and the NSE website (www.nseindia.com) and the BSE website (www.bseindia.com).

Commenting on the results, Mr. T. L. Sankar, Non-Executive Chairman of KSK said:

"With efforts to tide over the fuel uncertainties as well as obtaining open access for supplies to industrial consumers coming closer to achievement, the immediate focus of the Group will be to operate them efficiently and generate anticipated profitability levels over coming quarters.

Despite the short term fuel supply issues facing all power generators in the Indian Power market, the KSK Group is currently putting together the requisite initiatives to handle the same and the long term outlook for KSK remains positive."

For further information, please contact:

KSK Power Ventur plc Mr. S. Kishore, Executive Director Mr. K. A. Sastry, Executive Director	[phone]
Arden Partners plc                                                  Richard Day / Adrian Trimmings	[phone]

 

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