Indian Subsidiary Financial Results

RNS Number : 8199C

KSK Power Ventur PLC

08 May 2012

 



7 May 2012

KSK Power Ventur plc

("KSKPV" or "the Company")

Indian subsidiary financial results (under Indian GAAP)

for the year ended 31 March 2012

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 5^th May 2012, its audited financial results ( under Indian GAAP)  for the year ended 31 March 2012.

Full details of KSKEV 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 the Company said:

"The year under review was an important year with the much anticipated enhancements on fuel and power supplies with respect to the Wardha power plant continuing through the current quarter and we anticipate that the coming year should continue the positive trend of higher load factor based efficient and profitable operations.

Given the fuel supply disruptions, various uncertainties and the wider developments affecting all power generators in India during the year, these results demonstrate continuing momentum and reinforce the intrinsic strength of Group's business pursuit and the long term outlook of the Group's business looks strongly positive.

Further, we anticipate that the financial results of the Company for the year ended 31^st March 2012 under IFRS to be published within the next 8 weeks."

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

 

 

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