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    KSK Energy Ventures History

    BSE:532997  |  NSE:KSKBZ  |  IND:Power Generation - Thermal  |  ISIN code:INE143H01015  |  SECT:Power

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    The Company History page lists out the major events in chronological order for KSK Energy Ventures Ltd.

    Company History - KSK Energy Ventures Ltd.
    The Company was incorporated as KSK Energy Ventures Private Limited

    on February 14, 2001 under the Companies Act, 1956, as amended.

    It became a public company pursuant to a special resolution of the

    shareholders of the Company at an extraordinary general meeting held

    on February 9, 2002, and the word "private" was deleted from its name.

    The Company became a private limited company pursuant to a special

    resolution of the shareholders of the Company at an extraordinary general

    meeting held on July 3, 2006, and the word "private" was added to its

    name. Subsequently, pursuant to a special resolution of the shareholders

    of the Company at an extraordinary general meeting held on January

    19, 2008, the Company has become a public limited company and the

    word "private" has been deleted from its name. The certificate of

    incorporation to reflect the new name was issued on February 6, 2008

    by the RoC.



    The registered office of the Company was shifted from 51, 1st Main Road,

    CIT Colony, Chennai - 600 004, Tamil Nadu, India to 1st Floor, SDE Serene

    Chambers, Road No.7, Banjara Hills, Hyderabad - 500 034, Andhra Pradesh,

    India with effect from January 9, 2002. Subsequently, with effect from May

    14, 2003, the registered office of the Company was shifted to 8-2-293/82/A

    /431/A, Road No.22, Jubilee Hills, Hyderabad - 500 033, Andhra Pradesh,

    India. Subsequently, with effect from September 9, 2004, the registered

    office of the Company was shifted to Sony Apartments, 2nd Floor, 19,

    Rebello Road, Bandra (West), Mumbai - 400 050, Maharashtra, India.

    Thereafter, with effect from January 18, 2008, the registered office of the

    Company was shifted to its present location at 8-2- 293/82/A/431/A,

    Road No.22, Jubilee Hills, Hyderabad - 500 033, Andhra Pradesh, India.



    Major Events

    Date Events



    In relation to the Company:



    November 2005 - Joint venture agreement executed with LB India Holdings

    Mauritius I Limited to set up KSK Electricity Financing India Private Limited



    January 2008 - Together with the Promoter Group, we completed a

    restructuring (the "Restructuring" under which (a) pursuant to a share

    purchase agreement dated January 20, 2008, among the Company,

    LB India, KEFIPL and KSK Energy, the Company purchased from LB

    India, all of LB India’s equity interest in KEFIPL for an aggregate

    purchase price of Rs.695.74 crore, of which Rs.100.00 crore remains

    outstanding, along with interest; (b) pursuant to a subscription agreement

    between the Company and LB India, dated January 20, 2008, LB India

    has subscribed for 98,332,552 Equity Shares, amounting to 31.57% of

    our outstanding Equity Shares prior to the Issue, for an aggregate

    subscription price of Rs. 339.74 crore, and the Company issued and

    allotted to Suyash Outsourcing Private Limited, 4,632,857 Equity Shares,

    amounting to 1.49% of our outstanding Equity Shares, for an aggregate

    subscription price of Rs. 16.01 crore; and (c) the Company entered into

    a shareholders agreement with LB India and KSK Energy, and LB India

    and KSK Energy have entered into a voting rights agreement, to provide

    for certain governance and voting rights with respect to the Company



    June 2008 - We completed a Pre-IPO Placing of 1,73,06,000 Equity

    Shares to certain investors for cash at a price of Rs. 240.00 per Equity

    Share, aggregating Rs. 415.34 crore



    In relation to the Subsidiaries, the Sitapuram SPV and erstwhile group

    companies:



    January 2000 - RVK Energy Private Limited commences commercial

    operation of a 20 MW gas based merchant IPP May 2001 Kasargod

    Power Corporation Private Limited commences commercial operation

    of the 21 MW Low Sulphur High Stock based power plant as an IPP



    March 2004 - The "Small is Beautiful" Fund achieves financial closure



    November 2004 - Coromandel Electric Company Limited commences

    commercial operations of Phase 1 of the 17.46 MW gas engine based

    captive power plant



    February 2005 - Signed a shareholders agreement and a power purchase

    agreement with Lafarge India Private Limited to set up a 43 MW

    coal-based captive power plant in Arasmeta and achievement of financial

    closure



    April 2005 - Executed an agreement with India Cements Limited for

    expansion of the power plant of Coromandel Electric Company Limited by

    8.73 MW



    July 2005 - Allocation of the Gurha East Lignite block in Bikaner District,

    Rajasthan by the Ministry of Coal to VS Lignite Power Private Limited



    August 2005 - Sai Regency Power Corporation Private Limited achieves

    financial closure for 58 MW gas based combined cycle group captive

    power plant



    January 2006 - Coromandel Electric Company Limited commences

    commercial operation of Phase 2 of the 8.73 MW gas engine based

    captive power plant



    May 2006 - The 43 MW coal based captive power plant of Arasmeta

    Captive Power Company Private Limited synchronized with the grid



    November 2006 - Execution of a coal supply and investment agreement

    between Wardha Power Company Private Limited and GMDC



    November 2006 - Arasmeta Captive Power Company Private Limited

    commences commercial operation of the 43 MW coal based captive

    power plant pursuant to completion of performance guarantee tests



    February 2007 - Sai Regency Power Corporation Private Limited

    synchronizes the (open cycle mode) the 58 MW gas turbine based

    group captive power plant with the TNEB grid



    July 2007 - Sitapuram Power Limited synchronizes the 43 MW coal

    based power plant with the grid



    2008



    -Listing of equity shares of KSK Energy Ventures Ltd.



    2009



    -Mr. Narendra Mehra has been appointed as a Compliance Officer of the company.



    2010



    -KSK Energy ties up Rs 16,190 cr for Chhattisgarh project



    -KSK begins power generation from 135 MW unit in Maharashtra



    -KSK Energy Ventures Limited has signed a power purchase agreement (PPA) from its power plant at Nariyara, Chhattisgarh.



    -KSK Energy commences steam blowing at Wardha unit II



    -KSK Energy ties up $3.6 bln for its 3,600 megawatt thermal power project in central India.



    2011



    -Mr. D. Suresh Babu has been appointed as Company Secretary & Compliance Officer of the Company.



    2012



    -5th Largest Company amongst the new entrants in BT -100 by Business Today



    -78th amongst india's most valuable Private Sector Companies by Business Today.



    2013



    -KSK Energy Ventures Ltd has informed regarding "Business update - KSK Mahanadi Power Plant - First 600 MW Unit Synchronisation".



    2014



    -KSK Energy Ventures Ltd has informed regarding "Business Update - KSK Mahanadi Power Plant".

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