Brief: Ksk Energy Ventures Says Ceasing Of KSK Mahanadi as Unit To Substantially Impact Co

KSK Energy Ventures

16/05/2018 05:07

May 16 (Reuters) - KSK Energy Ventures Ltd  KSKE.NS :
    * CONSEQUENT TO INVOCATION OF PLEDGE AT KSK MAHANADI, IT
CEASED TO
BE UNIT & WILL SUBSTANTIALLY IMPACT CO'S BUSINESS MOVING FORWARD
    * ANTICIPATES ONLY UPON CLEARANCE OF HALT OF SALE TO DISCOMS
BY
GOVERNMENT, POWER GENERATION AT VERSUS LIGNITE CAN RECOMMENCE
    * FOR VERSUS LIGNITE EXTENDED PERIOD REQUIRED TO ADDRESS
REQUISITE
RESOLUTION PLAN
    * WITH CURRENT EXTERNAL ENVIRONMENT IN POWER SECTOR,CO'S
OTHER
POWER PLANTS EXPERIENCING DIFFICULTIES ON RESOLUTION PLANS

Source text: http://bit.ly/2IrLZpJ
Further company coverage:  KSKE.NS 

 ((Reuters.Briefs@thomsonreuters.com;))