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COMPANY MILESTONES

Year Company History

2011

  • VS Lignite and Wardha Power fully operational
  • KSK plc makes an Open Offer to acquire additional 20% of Indian listed subsidiary, KSK Energy Ventures Limited

2010

  • KSK Plc moves to the Main Market of LSE
  • VS Lignite and Wardha Power (unit wise) commences generation
  • KSK Plc undertakes a placement of shares and raises £ 62.5 mn

2009

  • Coal supply agreement  entered with GIDC  for 1800 MW Power project in Chattisgarh, Wardha Chattisgarh capacity enhanced to 3600 MW in same location
  • Group achieves production of the Gurha East lignite block of VS Lignite power plant
  • KSK Power Ventur plc undertakes a placement of shares raising approx £ 32.5 mn
  • KSK Energy shareholders approve a potential placement of new shares under GDR /ADR/QIP route under preferential allotment basis
  • More than 10+ GW of  power project  opportunities portfolio

2008

  • Restructuring agreement with LB, becomes a large (33%) shareholder in KSK Energy Ventures
  • KSK Energy Company, 100% subsidiary of KSK Power Ventur plc with mineral interests and other business streams obtains government consent
  • Company transfers 26 MW coromandel asset in favour of India cements, to the other shareholder in the power plant
  • Effort on Wardha Chattisgarh 1800 MW power plant commences with significant debt tie-up
  • KSK Energy Ventures complete its Pre-IPO placement as well as Initial public offering of Shares, raising approx US$ 300 mn
  • KSK Power Ventur plc stake dilutes down to 55.25%. KSK Energy stock starts trading on NSE/BSE

2007

  • Sai regency power plant synchronized with the grid
  • Company secures award of 725 MW of Hydro power opportunities in Arunachal Pradesh
  • Sitapuram power plant synchronized with the grid
  • Company enters strategic relationship with GE
  • Coal supply agreement  entered with PIPDIC  for proposed 1800 MW JR Power project

2006

  • Government consent for the Lehman JV investments and multiple power plants capitalized
  • Arasmeta plant synchronized with the grid
  • Collaborative MOU's with SMDC's (GMDC, MPSMC and PIPDIC) for long term coal supply arrangements signed
  • KSK Promoter Group Company "KSK Power Ventur plc" lists on AIM Market of London Stock Exchange
  • Execution of a coal supply and investment agreement with GMDC for supplies to proposed 1800 MW Chattisgarh project
  • Lafarge confirms request for setup of additional 43 MW  power plant expansion unit
  • Effort on Wardha Warora 540 MW power plant commences

2005

  • KSK Energy forms Joint Venture with Lehman Brothers India Holdings to set up KEFIPL to fund power project equity requirements
  • Secures allocation of the Gurha East Lignite block to VS Lignite from Government of India
  • Shareholders Agreement with Zuari cements for setup of  43 MW captive power plant
  • Entire debt tie-up of  3 power projects of Arasmeta, Sai Regency & Sitapuram achieved

2004

  • Achieves full fund tie-up of "Small is Beautiful" fund
  • Coromandel Electric phase I of 17.4 MW power plant commences commercial operation
  • Memorandum of Understanding with Lafarge India to set up a 43 MW Arasmeta power plant

2003

  • Commenced work on 10.9 MW, gas based  MMS Power plant in Tamilnadu
  • Effort on setting up India's first power project focused investment fund – "small is beautiful"

2001

  • Incorporated KSK Energy Ventures Private Limited
  • Commences commercial operation of 20 MW Kasargod Power Plant