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(KSK.L) KSK Power Ventur PLC Buy/Sell

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Current Market Information

Time: 23:08 (Market Closed)

Bid	505.00
Ask	525.00
Price	515.00
Previous	510.00
Change	+5 (+0.98%)
Last Trade	515 (16:35:05)
Trading Vol.	2,500
Today's High	495.00
Today's Low	495.00

52 Wk Low	147.00
52 Wk Low	(08/12/2008)
52 Wk High	604.80
52 Wk High	(19/10/2009)
52 Wk Change	+316.50
52 Wk Change	(+159.45%)
4 Wk Volume	881,877
ISIN Number	IM00B1G29327
Currency	GBX

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Recent News
Date/Time	Headline	Source
04-11-09	KSK Power Ventur PLC - Notification of Major Interest in Shares	RNS
RNS Number : 9757B KSK Power Ventur PLC 04 November 2009 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES `1. Identity of the issuer or the underlying issuer of KSK Power Ventur plc` existing shares to which voting rights are attached: 2 Reason for the notification (please tick the appropriate box or boxes): `X` An acquisition or disposal of voting rights An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments An event changing the breakdown of voting rights `Disclosure of holdings follows the sale of Insight Investment Management X` `Other (please specify): Limited on 2 November 2009. This notification supersedes any notifications` `previously issued by Lloyds Banking Group plc.` `3. Full name of person(s) Lloyds Banking Group plc` subject to the notification obligation: 4. Full name of shareholder(s) See Section 9. (if different from 3.): 5. Date of the transaction and 02 November 2009 date on which the threshold is crossed or reached: `6. Date on which issuer 04 November 2009` notified: `7. Threshold(s) that is/are N/A - Direct/Indirect` `crossed or reached: holdings remain below` `10%` 8. Notified details: A: Voting rights attached to shares `Class/type of Situation previous Resulting situation after the triggering transaction` `shares to the triggering` `transaction` if possible using the ISIN CODE `Number Number Number Number of voting % of voting` `of of of shares rights rights` `Shares Voting` `Rights` `Direct Direct Indirect Direct Indirect` `Ord 0.1p Shares 13,856,057 13,856,057 535,839 535,839 13,215,000 0.384% 9.471%` IM00B1G29327 B: Qualifying Financial Instruments Resulting situation after the triggering transaction `Type of financial Expiration Exercise/ Number of voting % of voting` `instrument date Conversion rights that may be rights` `Period acquired if the` `instrument is` `exercised/` `converted.` C: Financial Instruments with similar economic effect to Qualifying Financial Instruments Resulting situation after the triggering transaction `Type of financial Exercise Expiration Exercise/ Number of voting % of voting rights` `instrument price date Conversion rights instrument` `period refers to` `Nominal Delta` Total (A+B+C) Number of voting rights Percentage of voting rights `13,750,839 9.855%` 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: 13,580,884 shares (9.733%) are under the control of Scottish Widows Investment Partnership Ltd, a wholly owned subsidiary of Scottish Widows Group Ltd, a wholly owned subsidiary of Lloyds TSB Bank plc, a wholly owned subsidiary of Lloyds Banking Group plc (Indirect Interests). Proxy Voting: `10. Name of the proxy holder: N/A` `11. Number of voting rights proxy holder will cease to hold: N/A` 12. Date on which proxy holder will cease to hold voting rights: N/A 13. Additional information: Notification using the Total Voting Rights `figure of 139,534,243` `14. Contact name: Matthew Wilson` 15. Contact telephone number: 0113 235 7729 This information is provided by RNS The company news service from the London Stock Exchange END HOLBIBATMMAMBRL More
03-11-09	KSK Power Ventur PLC - Replacement - Quarter 3 Results	RNS
RNS Number : 8420B KSK Power Ventur PLC 03 November 2009 This is a re-issue of RNS number 5692B released on 29 October 2009 at 0733. The correction is to the word 'audited' in both the first and second paragraphs. This should read 'unaudited'. `Immediate Release 29 October 2009` KSK Power Ventur plc ("KSK" or "the Company") Indian subsidiary financial results (under Indian GAAP) for the 3 months ended 30 September 2009 KSK Power Ventur plc (AIM: KSK.L) ("KSKPV"), the power project company listed on the AIM market of the London Stock Exchange, with interests in multiple power plants across India, is pleased to announce that its subsidiary, KSK Energy Ventures Limited ("KSKEV"), the equity shares in 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 October 2009 its unaudited financial results for the three months ended 30 September 2009. KSKPV holds 55.24 per cent. of the shares of KSKEV. Full details of the KSKEV unaudited results are available from the KSK section of the NSE website (www.nseindia.com ) and the BSE website (www.bseindia.com ). BUSINESS UPDATE Financial Performance (April - September 2009) The first six months of the current year has witnessed stable performance in line with expectations. The second half could witness enhanced Revenue and profits on account of operations of the existing power plants as well as commissioning of the VS Lignite (135 MW) and Wardha Warora (540 MW) assets besides achievement of critical development milestones for earning development fee. Consolidated Revenue has marginally increased to Rs 2798 mn as against Rs 2574 mn for H1 of previous year on account of the following: SUBSTANTIAL INCREASE IN SALES FROM OPERATIONS (BOTH DEVELOPMENT AS WELL AS OPERATING) BUT A SIGNIFICANT DECREASE IN OTHER INCOME UNDER THE HEAD "SALE OF INVESTMENT" IN THE CURRENT PERIOD (COMPARED TO LARGE INCOME IN THE PREVIOUS YEAR) AS WELL AS LIMITED INTEREST EARNED ON CASH DEPOSITS ON ACCOUNT OF COMMENCEMENT OF DEPLOYMENT OF IPO FUNDS FOR THE CHATTISGARH PROJECT BY THE COMPANY. COST OF SALES AND PERSONNEL EXPENSES EXPERIENCED INCREASE REFLECTING THE MARKET INCREASES OF FUEL COSTS IN OPERATING ASSETS AS WELL AS THE GROUPS SCALE-UP OF BUSINESS ACTIVITY AND ASSOCIATED OVERHEADS FOR SUCH HIGHER LEVEL OF ACTIVITY PURSUIT INSPITE OF MARGINAL INVESTMENT INCOME DURING THE CURRENT PERIOD, PROFIT AFTER TAX AFTER MINORITY INTEREST HAS REMAINED AT SIMILAR LEVELS AS THAT OF THE PREVIOUS PERIOD AROUND RS 850 MILLION Business Update The first six months of the current year reflects a good operating performance of the power plants under operations and sustained effort to complete construction and commission the VS lignite and Wardha Power asset in Warora, Maharashtra. Also, the company has made extensive progress on the development of the 3600 MW Chattisgarh power project on various fronts and expecting the Contractor to begin construction works at site shortly. Operating Assets: On a standalone basis, among the three operating power plants, both Arasmeta (43 MW) and Sitapuram (43 MW) have recorded PLF of 85% while Sai Regency continued to operate around 68% PLF. Efficient operations and robust sale realization from surplus sale ( on short PPAs) from these assets have enabled enhanced performance as highlighted below: TOTAL UNITS SOLD HAVE RISEN BY 16% AND AGGREGATE REVENUE HAS GONE TO RS 1700 MN UP BY 39% COMPARED TO H1 OF 2008-09. HIGHER REVENUE HAS COME FROM HIGHER TARIFF REALIZATION WHILE THE HIGHER GENERATION HAS BECOME POSSIBLE DUE TO HIGHER LOAD FACTOR ARISING FROM OPTIMAL MANAGEMENT OF THE POWER PLANT LOGISTICS AND FUEL INVENTORY AND PROCUREMENT MANAGEMENT. WHILE FUEL COSTS OF BOTH COAL AND GAS HAVE GONE UP BY 27% DURING THE PERIOD, PASS THROUGH STRUCTURE OF PPAS AS WELL AS HIGHER REALIZATION HAVE ENSURED HIGHER NON FUEL COST REALIZATIONS AND PBT LEVELS AS EXPECTED. AGGREGATE PBT AT RS 333 MILLION OF THE 3 POWER PLANTS REFLECT HEALTHY OPERATING PERFORMANCE AND SUSTAINED POWER PLANT OPERATIONS ON A COMPARATIVE BASIS, THE PBT FOR THE HALF YEAR ENDED SEPTEMBER 2008 WAS RS. 8 MILLION ON THESE 3 POWER PLANTS. AGGREGATE OUTSTANDING PROJECT LEVEL TERM LOAN DEBT HAS GONE DOWN BY 13% COMPARED TO PREVIOUS PERIOD ON ACCOUNT REPAYMENT OF THE TERM LOAN The company expects to maintain this momentum for a substantially good full year results from these operating assets Construction Assets to commission - VS Lignite and Wardha Power The period under review has witnessed substantial construction progress and completion of erection works of the Boiler, Turbine and Generator with respect to both VS Lignite and Wardha Warora projects. We are pleased to note that having completed construction, both the 135 MW at VS lignite and first and second 135 MW unit at Wardha Warora are ready for necessary activity to synchronize, commission the asset and undertake power generation as expected. Recently guidelines of the Government of India has required the commissioning engineers needed for our power plants (who are overseas engineers) to enter India only under Employment visas. Both the VS Lignite and the Wardha Power plants are ready and would need 30 to 45 days from the time of arrival of the Chinese commissioning engineers for synchronization. Government of India is aware of this issue and we are expecting these visas on an early date. Wardha Chhattisgarh, 3600 MW Wardha Chattisgarh has witnessed substantial progress during the last six months on various areas including amongst others, land acquisition, progress on tie-up of the project debt, equity commitments from various government stakeholders at the power plant level, EPC contractor and commencement of site works as well as obtainment of Environment Clearance. The company has appointed various agencies to assist in the project implementation and currently finalizing various non-EPC works that are expected to complete around the same time the first unit of 600 MW is expected to commission in 2012. Further, the company is currently undertaking a Scheme of Demerger pursuant to which warora power plant would continue in the Wardha Power Company Limited SPV while the Chhattisgarh power project is planned to be undertaken in a newly incorporated SPV company "KSK Mahanadi Power Company Limited". For further information please contact: KSK Power Ventur plc +91 40 2355 9922 S. Kishore Arden Partners plc +44 (0) 020 7398 1632 Richard Day / Adrian Trimmings Buchanan Communications +44 (0) 20 7466 5000 Mark Edwards / Nicola Cronk Unaudited Consolidated Financial Results for the period ended Sept 30, 2009 (All amount in Indian Rupees million, except share data and where otherwise stated) `S.No Particulars 3 months ended 3 months ended Year to date figure Year to date figure Previous accounting` `for current period for previous period year ended` `ended ended` `30-Sep-09 30-Sep-08 30-Sep-09 30-Sep-08 31-Mar-09` `Unaudited Unaudited Unaudited Unaudited Audited` `1 a Net sales/Income 1,069.98 989.88 2,153.20 1,557.92 3,496.13` `from operations` `b Other operating 142.57 170.56 187.99 280.27 305.23` `income` `Total income 1,212.55 1,160.44 2,341.19 1,838.19 3,801.36` `2 Expenditure` `a (Increase)/decrease - - - - -` `in stock in trade` `and work in progress` `b Consumption of raw 290.75 207.43 576.10 458.38 1,040.07` `materials` `c Purchase of traded - - - - -` `goods` `d Employees cost 28.78 27.04 54.75 49.27 101.35` `e Depreciation 63.17 62.33 124.43 123.27 246.43` `f Other expenditure 128.78 144.64 292.31 253.78 478.10` `Total expenditure 511.48 441.44 1,047.59 884.70 1,865.95` `3 Profit from 701.07 719.00 1,293.60 953.49 1,935.41` `operation before` `other income,` `interest and` `exceptional items` (1-2) `4 Other income 123.99 232.20 457.26 735.70 1,122.74` `5 Profit before 825.06 951.20 1,750.86 1,689.19 3,058.15` `interest and` `exceptional items` `(3+4)` `6 Interest 319.72 290.01 584.51 552.67 1,221.01` `7 Profit after 505.34 661.19 1,166.35 1,136.52 1,837.14` `interest but before` `exceptional items` (5-6) `8 Exceptional items - - - 60.00` `9 Profit (+)/ Loss (-) 505.34 661.19 1,166.35 1,136.52 1,897.14` `from ordinary` `activities before` `tax (7+8)` `10 Tax expense 92.76 209.07 238.11 278.13 442.88` `11 Net Profit (+)/ Loss 412.58 452.12 928.24 858.39 1,454.26` `(-) from ordinary` `activities after tax` (9-10) `12 Extraordinary Items - - - - -` `(net of tax expense` `Rs. Nil)` `13 Net Profit(+)/ 412.58 452.12 928.24 858.39 1,454.26` `Loss(-) for the` `period (11-12)` `14 Minority interest 40.10 (1.78) 76.74 16.63 95.11` `15 Shares of associates - - - - -` `16 Other related items - - - - -` `17 Consolidated Net 372.48 453.90 851.50 841.76 1,359.15` `Profit(+)/ Loss (-)` `for the period` `(13-(14 to 16))` `18 Face Value (in Rs.) 10.00 10.00 10.00 10.00 10.00` `19 Paid-up equity share 3,461.05 3,461.05 3,461.05 3,461.05 3,461.05` `capital` `20 Reserves excluding - - - - 16,360.19` `revaluation reserves` `as per balance sheet` `of previous` `accounting year` `21 Earnings Per Share` (EPS) `a Before extraordinary` `items for the` `period, for the year` `to date and for the` `previous year/period` `(non annualized)` Basic 1.08 1.41 2.46 2.61 4.07 Diluted 1.08 1.41 2.46 2.61 4.07 `b After extraordinary` `items for the` `period, for the year` `to date and for the` `previous year/period` `(non annualized)` Basic 1.08 1.41 2.46 2.61 4.07 Diluted 1.08 1.41 2.46 2.61 4.07 `22 Public shareholding` Number of shares 154,882,709 154,882,709 154,882,709 154,882,709 154,882,709 Percentage of 44.75% 44.75% 44.75% 44.75% 44.75% `shareholding` `23 a Pledged/Encumbered` Number of shares 52,000,000 - 52,000,000 - - Percentage of 27.19% - 27.19% - - `shares (as a % of` `total shareholding` `of the Promoter` `and Promoter group` `Percentage of 15.02% - 15.02% - -` `shares (as a % of` `total Share capital` `of the Company)` `b Non-encumbered` Number of shares 139,222,031 191,222,031 139,222,031 191,222,031 191,222,031 Percentage of 72.81% 100.00% 72.81% 100.00% 100.00% `shares (as a % of` `total shareholding` `of the Promoter` `and Promoter group` `Percentage of 40.23% 55.25% 40.23% 55.25% 55.25%` `shares (as a % of` `total Share capital` `of the Company)` Segment wise revenue, results and capital employed under clause 41 of the Listing agreement (All amount in Indian Rupees million, except share data and where otherwise stated) `Particulars 3 months ended 3 months ended Year to date for Year to date for Previous accounting` `current period ended previous period year ended` `ended` `30-Sep-09 30-Sep-08 30-Sep-09 30-Sep-08 31-Mar-09` `Unaudited Unaudited Unaudited Unaudited Audited` 1. Segment revenue (net sale/income from each segment should be disclosed under this head) `(a) Project development 408.35 519.15 783.51 522.75 1,064.78` `(b) Power generation 664.68 473.78 1,375.79 1,041.27 2,443.56` (c) Unallocated `Total 1,073.03 992.93 2,159.30 1,564.02 3,508.34` `Less: Inter segment revenue 3.05 3.05 6.10 6.10 12.21` `Net sales/income from 1,069.98 989.88 2,153.20 1,557.92 3,496.13` operations `2. Segment results profit(+)/ -` (loss) (-) before tax and interest from each segment) `(a) Project development 361.04 457.59 646.77 414.31 863.43` `(b) Power generation 197.46 90.85 458.84 258.91 766.75` `(c) Unallocated - - - - -` `Total 558.5 548.44 1105.61 673.22 1630.18` `Less: i) Interest 319.72 290.01 584.51 552.67 1,221.01` `Add : ii) Other un-allocable 266.56 402.76 645.25 1,015.97 1,487.97` income net off un-allocable expenditure `Total Profit before tax 505.34 661.19 1,166.35 1,136.52 1,897.14` `3. Capital employed -` `(Segment assets - Segment -` liabilities) `(a) Project development 2,342.20 2,275.57 2,342.20 2,275.57 2,505.56` `(b) Power generation 58,560.48 21,551.21 58,560.48 21,551.21 30,773.90` `(c) Unallocated 3,917.08 13,286.62 3,917.08 13,286.62 10637.69` `Total 64,819.76 37,113.40 64,819.76 37,113.40 43,917.15` This information is provided by RNS The company news service from the London Stock Exchange END QRTUOSWRKWRARRA More
30-10-09	KSK Power Ventur PLC - Subsidiary shareholder update	RNS
RNS Number : 6912B KSK Power Ventur PLC 30 October 2009 Immediate Release 30 October 2009 KSK Power Ventur plc (AIM: KSK.L) ("KSKPV") Subsidiary shareholder update KSK Power Ventur plc (AIM: KSK.L) ("KSKPV"), the power project company listed on the AIM market of the London Stock Exchange, with interests in multiple power plants across India, announces that its subsidiary, KSK Energy Ventures Limited ("KSKEV"), the equity shares in which are listed and traded on the National Stock Exchange of India Limited ("NSE") and the Bombay Stock Exchange Limited ("BSE"), has released the following announcement in India concerning a lock-up of KSKEV shares held by Lehman (as defined below). This lock-up covers 13.17% of the issued shares in KSKEV. "Announcement regarding Lehman's Non Statutory Lock Up with respect to the shares held in KSK Energy Ventures Limited the listed Indian Subsidiary" KSK Energy Ventures Limited, The Company, its significant shareholders, namely LB India Holdings Mauritius I Limited (for itself and on behalf of its various subsidiary companies, all collectively referred as "LB Group"), KSK Energy Limited, (a wholly owned subsidiary of KSK Power Ventur Plc) and KSK Power Ventur Plc have entered into a Non-Statutory Lock up agreement dated 29 October, 2009 under which the LB Group has agreed to, among other things, not sell, pledge or transfer for a period of two years from the date of the agreement (i.e., until October 29, 2011) 45,580,537 shares of the Company (representing 13.17% of the outstanding shares of the Company)." For further information please contact: `KSK Power Ventur plc +91 40 2355 9922` S. Kishore `Arden Partners plc +44 (0) 020 7398 1632` Richard Day / Adrian Trimmings `Buchanan Communications +44 (0) 20 7466 5000` Mark Edwards / Nicola Cronk This information is provided by RNS The company news service from the London Stock Exchange END MSCEADEEDDDNFFE More
29-10-09	KSK Power Ventur PLC - Quarter 3 Results	RNS
RNS Number : 5692B KSK Power Ventur PLC 29 October 2009 `Immediate Release 29 October 2009` KSK Power Ventur plc ("KSK" or "the Company") Indian subsidiary financial results (under Indian GAAP) for the 3 months ended 30 September 2009 KSK Power Ventur plc (AIM: KSK.L) ("KSKPV"), the power project company listed on the AIM market of the London Stock Exchange, with interests in multiple power plants across India, is pleased to announce that its subsidiary, KSK Energy Ventures Limited ("KSKEV"), the equity shares in 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 October 2009 its audited financial results for the three months ended 30 September 2009. KSKPV holds 55.24 per cent. of the shares of KSKEV. Full details of the KSKEV audited results are available from the KSK section of the NSE website (www.nseindia.com ) and the BSE website (www.bseindia.com ). BUSINESS UPDATE Financial Performance (April - September 2009) The first six months of the current year has witnessed stable performance in line with expectations. The second half could witness enhanced revenue and profits on account of operations of the existing power plants as well as commissioning of the VS Lignite (135 MW) and Wardha Warora (540 MW) assets besides achievement of critical development milestones for earning development fee. Consolidated Revenue has marginally increased to Rs 2798 mn as against Rs 2574 mn for H1 of previous year on account of the following: SUBSTANTIAL INCREASE IN SALES FROM OPERATIONS (BOTH DEVELOPMENT AS WELL AS OPERATING) BUT A SIGNIFICANT DECREASE IN OTHER INCOME UNDER THE HEAD "SALE OF INVESTMENT" IN THE CURRENT PERIOD (COMPARED TO LARGE INCOME IN THE PREVIOUS YEAR) AS WELL AS LIMITED INTEREST EARNED ON CASH DEPOSITS ON ACCOUNT OF COMMENCEMENT OF DEPLOYMENT OF IPO FUNDS FOR THE CHATTISGARH PROJECT BY THE COMPANY. COST OF SALES AND PERSONNEL EXPENSES EXPERIENCED INCREASE REFLECTING THE MARKET INCREASES OF FUEL COSTS IN OPERATING ASSETS AS WELL AS THE GROUPS SCALE-UP OF BUSINESS ACTIVITY AND ASSOCIATED OVERHEADS FOR SUCH HIGHER LEVEL OF ACTIVITY PURSUIT INSPITE OF MARGINAL INVESTMENT INCOME DURING THE CURRENT PERIOD, PROFIT AFTER TAX AFTER MINORITY INTEREST HAS REMAINED AT SIMILAR LEVELS AS THAT OF THE PREVIOUS PERIOD AROUND RS 850 MILLION Business Update The first six months of the current year reflects a good operating performance of the power plants under operations and sustained effort to complete construction and commission the VS lignite and Wardha Power asset in Warora, Maharashtra. Also, the company has made extensive progress on the development of the 3600 MW Chattisgarh power project on various fronts and expecting the Contractor to begin construction works at site shortly. Operating Assets: On a standalone basis, among the three operating power plants, both Arasmeta (43 MW) and Sitapuram (43 MW) have recorded PLF of 85% while Sai Regency continued to operate around 68% PLF. Efficient operations and robust sale realization from surplus sale ( on short PPAs) from these assets have enabled enhanced performance as highlighted below: TOTAL UNITS SOLD HAVE RISEN BY 16% AND AGGREGATE REVENUE HAS GONE TO RS 1700 MN UP BY 39% COMPARED TO H1 OF 2008-09. HIGHER REVENUE HAS COME FROM HIGHER TARIFF REALIZATION WHILE THE HIGHER GENERATION HAS BECOME POSSIBLE DUE TO HIGHER LOAD FACTOR ARISING FROM OPTIMAL MANAGEMENT OF THE POWER PLANT LOGISTICS AND FUEL INVENTORY AND PROCUREMENT MANAGEMENT. WHILE FUEL COSTS OF BOTH COAL AND GAS HAVE GONE UP BY 27% DURING THE PERIOD, PASS THROUGH STRUCTURE OF PPAS AS WELL AS HIGHER REALIZATION HAVE ENSURED HIGHER NON FUEL COST REALIZATIONS AND PBT LEVELS AS EXPECTED. AGGREGATE PBT AT RS 333 MILLION OF THE 3 POWER PLANTS REFLECT HEALTHY OPERATING PERFORMANCE AND SUSTAINED POWER PLANT OPERATIONS ON A COMPARATIVE BASIS, THE PBT FOR THE HALF YEAR ENDED SEPTEMBER 2008 WAS RS. 8 MILLION ON THESE 3 POWER PLANTS. AGGREGATE OUTSTANDING PROJECT LEVEL TERM LOAN DEBT HAS GONE DOWN BY 13% COMPARED TO PREVIOUS PERIOD ON ACCOUNT REPAYMENT OF THE TERM LOAN The company expects to maintain this momentum for a substantially good full year results from these operating assets Construction Assets to commission - VS Lignite and Wardha Power The period under review has witnessed substantial construction progress and completion of erection works of the Boiler, Turbine and Generator with respect to both VS Lignite and Wardha Warora projects. We are pleased to note that having completed construction, both the 135 MW at VS lignite and first and second 135 MW unit at Wardha Warora are ready for necessary activity to synchronize, commission the asset and undertake power generation as expected. Recently guidelines of the Government of India has required the commissioning engineers needed for our power plants (who are overseas engineers) to enter India only under Employment visas. Both the VS Lignite and the Wardha Power plants are ready and would need 30 to 45 days from the time of arrival of the Chinese commissioning engineers for synchronization. Government of India is aware of this issue and we are expecting these visas on an early date. Wardha Chhattisgarh, 3600 MW Wardha Chattisgarh has witnessed substantial progress during the last six months on various areas including amongst others, land acquisition, progress on tie-up of the project debt, equity commitments from various government stakeholders at the power plant level, EPC contractor and commencement of site works as well as obtainment of Environment Clearance. The company has appointed various agencies to assist in the project implementation and currently finalizing various non-EPC works that are expected to complete around the same time the first unit of 600 MW is expected to commission in 2012. Further, the company is currently undertaking a Scheme of Demerger pursuant to which warora power plant would continue in the Wardha Power Company Limited SPV while the Chhattisgarh power project is planned to be undertaken in a newly incorporated SPV company "KSK Mahanadi Power Company Limited". For further information please contact: KSK Power Ventur plc +91 40 2355 9922 S. Kishore Arden Partners plc +44 (0) 020 7398 1632 Richard Day / Adrian Trimmings Buchanan Communications +44 (0) 20 7466 5000 Mark Edwards / Nicola Cronk Unaudited Consolidated Financial Results for the period ended Sept 30, 2009 (All amount in Indian Rupees million, except share data and where otherwise stated) `S.No Particulars 3 months ended 3 months ended Year to date figure Year to date figure Previous accounting` `for current period for previous period year ended` `ended ended` `30-Sep-09 30-Sep-08 30-Sep-09 30-Sep-08 31-Mar-09` `Unaudited Unaudited Unaudited Unaudited Audited` `1 a Net sales/Income 1,069.98 989.88 2,153.20 1,557.92 3,496.13` `from operations` `b Other operating 142.57 170.56 187.99 280.27 305.23` `income` `Total income 1,212.55 1,160.44 2,341.19 1,838.19 3,801.36` `2 Expenditure` `a (Increase)/decrease - - - - -` `in stock in trade` `and work in progress` `b Consumption of raw 290.75 207.43 576.10 458.38 1,040.07` `materials` `c Purchase of traded - - - - -` `goods` `d Employees cost 28.78 27.04 54.75 49.27 101.35` `e Depreciation 63.17 62.33 124.43 123.27 246.43` `f Other expenditure 128.78 144.64 292.31 253.78 478.10` `Total expenditure 511.48 441.44 1,047.59 884.70 1,865.95` `3 Profit from 701.07 719.00 1,293.60 953.49 1,935.41` `operation before` `other income,` `interest and` `exceptional items` (1-2) `4 Other income 123.99 232.20 457.26 735.70 1,122.74` `5 Profit before 825.06 951.20 1,750.86 1,689.19 3,058.15` `interest and` `exceptional items` `(3+4)` `6 Interest 319.72 290.01 584.51 552.67 1,221.01` `7 Profit after 505.34 661.19 1,166.35 1,136.52 1,837.14` `interest but before` `exceptional items` (5-6) `8 Exceptional items - - - 60.00` `9 Profit (+)/ Loss (-) 505.34 661.19 1,166.35 1,136.52 1,897.14` `from ordinary` `activities before` `tax (7+8)` `10 Tax expense 92.76 209.07 238.11 278.13 442.88` `11 Net Profit (+)/ Loss 412.58 452.12 928.24 858.39 1,454.26` `(-) from ordinary` `activities after tax` (9-10) `12 Extraordinary Items - - - - -` `(net of tax expense` `Rs. Nil)` `13 Net Profit(+)/ 412.58 452.12 928.24 858.39 1,454.26` `Loss(-) for the` `period (11-12)` `14 Minority interest 40.10 (1.78) 76.74 16.63 95.11` `15 Shares of associates - - - - -` `16 Other related items - - - - -` `17 Consolidated Net 372.48 453.90 851.50 841.76 1,359.15` `Profit(+)/ Loss (-)` `for the period` `(13-(14 to 16))` `18 Face Value (in Rs.) 10.00 10.00 10.00 10.00 10.00` `19 Paid-up equity share 3,461.05 3,461.05 3,461.05 3,461.05 3,461.05` `capital` `20 Reserves excluding - - - - 16,360.19` `revaluation reserves` `as per balance sheet` `of previous` `accounting year` `21 Earnings Per Share` (EPS) `a Before extraordinary` `items for the` `period, for the year` `to date and for the` `previous year/period` `(non annualized)` Basic 1.08 1.41 2.46 2.61 4.07 Diluted 1.08 1.41 2.46 2.61 4.07 `b After extraordinary` `items for the` `period, for the year` `to date and for the` `previous year/period` `(non annualized)` Basic 1.08 1.41 2.46 2.61 4.07 Diluted 1.08 1.41 2.46 2.61 4.07 `22 Public shareholding` Number of shares 154,882,709 154,882,709 154,882,709 154,882,709 154,882,709 Percentage of 44.75% 44.75% 44.75% 44.75% 44.75% `shareholding` `23 a Pledged/Encumbered` Number of shares 52,000,000 - 52,000,000 - - Percentage of 27.19% - 27.19% - - `shares (as a % of` `total shareholding` `of the Promoter` `and Promoter group` `Percentage of 15.02% - 15.02% - -` `shares (as a % of` `total Share capital` `of the Company)` `b Non-encumbered` Number of shares 139,222,031 191,222,031 139,222,031 191,222,031 191,222,031 Percentage of 72.81% 100.00% 72.81% 100.00% 100.00% `shares (as a % of` `total shareholding` `of the Promoter` `and Promoter group` `Percentage of 40.23% 55.25% 40.23% 55.25% 55.25%` `shares (as a % of` `total Share capital` `of the Company)` Segment wise revenue, results and capital employed under clause 41 of the Listing agreement (All amount in Indian Rupees million, except share data and where otherwise stated) `Particulars 3 months ended 3 months ended Year to date for Year to date for Previous accounting` `current period ended previous period year ended` `ended` `30-Sep-09 30-Sep-08 30-Sep-09 30-Sep-08 31-Mar-09` `Unaudited Unaudited Unaudited Unaudited Audited` 1. Segment revenue (net sale/income from each segment should be disclosed under this head) `(a) Project development 408.35 519.15 783.51 522.75 1,064.78` `(b) Power generation 664.68 473.78 1,375.79 1,041.27 2,443.56` (c) Unallocated `Total 1,073.03 992.93 2,159.30 1,564.02 3,508.34` `Less: Inter segment revenue 3.05 3.05 6.10 6.10 12.21` `Net sales/income from 1,069.98 989.88 2,153.20 1,557.92 3,496.13` operations `2. Segment results profit(+)/ -` (loss) (-) before tax and interest from each segment) `(a) Project development 361.04 457.59 646.77 414.31 863.43` `(b) Power generation 197.46 90.85 458.84 258.91 766.75` `(c) Unallocated - - - - -` `Total 558.5 548.44 1105.61 673.22 1630.18` `Less: i) Interest 319.72 290.01 584.51 552.67 1,221.01` `Add : ii) Other un-allocable 266.56 402.76 645.25 1,015.97 1,487.97` income net off un-allocable expenditure `Total Profit before tax 505.34 661.19 1,166.35 1,136.52 1,897.14` `3. Capital employed -` `(Segment assets - Segment -` liabilities) `(a) Project development 2,342.20 2,275.57 2,342.20 2,275.57 2,505.56` `(b) Power generation 58,560.48 21,551.21 58,560.48 21,551.21 30,773.90` `(c) Unallocated 3,917.08 13,286.62 3,917.08 13,286.62 10637.69` `Total 64,819.76 37,113.40 64,819.76 37,113.40 43,917.15` This information is provided by RNS The company news service from the London Stock Exchange END QRTFGMZGNLZGLZG More

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Date/Time	Subject	Author
14-08-09	Lloyds..	ArthurBowns


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	..in @ 10% of the equity. Surely PI's??? Jim More \| View thread (1) \| Respond \| Login to Vote up \| Login to Vote down
09-07-09	Re: anyone in KSK?	De Materialise


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	Getoutoftechs, thanks for the reply. Your point about the listing is one I had in my little black book but not really given any weight to. You've prompted a bit of research and it seems it can be a much more important event than I had credited it. If the results are solid I think I might commit. cheers. More \| View thread (3) \| Respond \| Login to Vote up \| Login to Vote down
09-07-09	HOLD Re: anyone in KSK?	Getoutoftechs


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	Unlike others you mention it's not so easy to get a feel for KSK operation but they do own some valuable assets which suspect they will be happy to sell when time is right. Final results are due any day and move to main list is still scheduled for later this year. I am long term holder and down over 20% on original investment but still medium term positive. More \| View thread (3) \| Respond \| Login to Vote up \| Login to Vote down
08-07-09	anyone in KSK?	De Materialise


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	Hi, I have shares in other Indian energy shares, GKO and OPG which have done well for me, but never quite convinced myself to go with KSK. Is there an upturn or a downturn to come? cheers More \| View thread (3) \| Respond \| Login to Vote up \| Login to Vote down

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