Indian Subsidiary Financial Results

RNS Number : 3675W

KSK Power Ventur PLC

30 January 2012

 



30 January 2012

KSK Power Ventur plc

("KSKPV" or "the Company")

Indian subsidiary financial results (under Indian GAAP)

for the Quarter ended 31 December 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 28 January 2011, its un-audited financial results for the three months ended 31 December 2011.

Full details of KSKEV un-audited 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:

"The third quarter was an important quarter with the much anticipated enhancements on fuel and power supplies with respect to the Wardha power plant and we hope that fourth quarter would continue the positive trend of higher load factor based efficient and profitable operations.

It is also important to note that with the wider developments in the Indian power sector, the Group has put together the requisite initiatives in place as well as begun accelerating the effort on development of associated mineral and logistics infrastructure. I am happy to note that the long term outlook for KSK remains positive."

For further information, please contact:

KSK Power Ventur plc                                                                              [phone]

Mr. S. Kishore, Executive Director

Mr. K. A. Sastry, Executive Director

Arden Partners plc                                                                                  [phone] 

Richard Day / Adrian Trimmings

 

END

 

 

MSCQBLBXLFFXBBL