|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.
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 IndiaÂs 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
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
April 2005 - Executed an agreement with India Cements Limited for
expansion of the power plant of Coromandel Electric Company Limited by
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
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
-Listing of equity shares of KSK Energy Ventures Ltd.
-Mr. Narendra Mehra has been appointed as a Compliance Officer of the company.
-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.
-Mr. D. Suresh Babu has been appointed as Company Secretary & Compliance Officer of the Company.
-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.
-KSK Energy Ventures Ltd has informed regarding "Business update - KSK Mahanadi Power Plant - First 600 MW Unit Synchronisation".
-KSK Energy Ventures Ltd has informed regarding "Business Update - KSK Mahanadi Power Plant".