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  • 30 Jan 18
New Mahanadi coal allocation

KSK has announced that it has received a new coal supply allocation from the Indian government for its Mahanadi plant. This is for supplies of 6.8mmtpa, which are expected to begin in the coming weeks. The total coal requirement to achieve an 85% PLF on the envisaged 2.4GW of capacity at Mahanadi is 10mmtpa, and the balance above the new allocation is expected to be sourced from open market coal purchases (currently Mahanadi’s only source of coal) and imports. Construction of Mahanadi was origin

Companies: KSK Power Ventur plc
  • 22 Dec 17
H1 FY 2018 results

KSK has released its H1 FY 2018 results. The results show generation continuing to be limited by coal availability, particularly on Mahanadi, and the requirement for new, long-term PPAs on a number of the other plants. Nevertheless, the company remains OCF generative. The results also reflect a move from full consolidation of the company’s Wardha and VS Lignite plants to accounting for them as investments, as project lenders have exercised rights under their debt security to take a 51% equity st

Companies: KSK Power Ventur plc
  • 27 Jul 17
FY 2017 results

KSK has reported its FY 2017 results, which demonstrate the challenges the company and the wider Indian thermal power sector have been experiencing over the last few years. Power generated was behind our forecasts (particularly for VS Lignite), having an effect down the P&L, as did a higher interest charge, though there was still good cash generation at the EBITDA level. We have adjusted down our FY 2018 forecasts accordingly. KSK continues to pursue reliable and sensibly priced coal supplies an

Companies: KSK Power Ventur plc
  • 30 Nov 16
H1 FY 2017 results

KSK has released its H1 results to the end of September 2016. These report a period of continued significant generation at Mahanadi (higher than H1 FY 2016, though lower than H2 2016), although transitory coal sourcing issues have resulted in revenues and profits behind our expectations, and we adjust our numbers for the full year (detailed below – we leave FY 2018 unchanged). More positively, the grid access and PPAs for Mahanadi are performing as expected, and construction is progressing apace

Companies: KSK Power Ventur plc
  • 19 Jul 16
FY 2016 results

KSK has released its FY 2016 results, reporting strong revenues of US$675m (versus our US$600m forecast) and EBITDA of US$252m (versus our US$185m forecast). Based on this OCF was US$144m versus US$89.5m last year – demonstrating the impact of Mahanadi, which has been operating at a PLF of 80% on its entire 1,200MW existing capacity since October. We have increased our FY 2017 forecasts (revenues US$739m from US$644m, EBITDA US$273m from US$241m) given the strong generation performance from Maha

Companies: KSK Power Ventur plc
  • 26 Nov 15
H1 FY 2016 results

KSK has released its H1 FY 2016 results. Revenues were strong though margins were behind and interest charge ahead of our expectations. These could improve with greater utilisation of the generation base going forward. More important than the H1 financial performance and likely to provide a significant benefit in H2 however is the news that grid access for the Mahanadi plant into Uttar Pradesh and Tamil Nadu has been implemented allowing PLF on the 1,200MW of available capacity to rise from 40%

Companies: KSK Power Ventur plc
  • 21 Jul 15
KSK Power Ventur*

KSK has released its results to March. These have reported revenues at US$382m coming in ahead of our US$344m. Operating profit was below our number however at US$40.6m versus our US$60.1m due in part to a US$24.6m impairment of compensation due on previous coal sales to the Wardha plant which are now to be settled by revised future prices as opposed to upfront cash. This had a knock on effect causing PBT to be behind our (US$136m) at (US$160m). EPS was ahead however coming in at (32.2c) versus

Companies: KSK Power Ventur plc
  • 16 Jul 15
Preliminary results show earnings ahead of forecast

KSK's preliminary results to 31 March show sales at $335.9m, down 14% but well ahead of our forecast $279.4m. EBTIDA at $101.9m was down 36% but well above our $72.1m. Net interest rose 57% to $130.2m against our $99.7m leaving PBT nearly in line at -$72.1m versus our -$69.9m. Much of the gap was due to our cautious exchange rate assumption but there was also better operational performance and development fees were ahead although we still to see these dropping away going forward. At the inter

Companies: KSK Power Ventur plc
  • 09 Mar 15
Operational Update

KSK has provided an update on its operations and the ongoing coal block auctions in India. Operationally the expected uptick in activity on both Wardha and Mahanadi has not come through in the second half (despite the second 600MW unit on Mahanadi being commissioned) meaning revenues in FY 2015 are expected to be flat on FY 2014. Based on lower PLFs and some pricing and margin pressure for these projects versus our assumptions we are cutting forecasts for FY 2015 and we roll this effect over

Companies: KSK Power Ventur plc
  • 28 Nov 14
Wardha Weighs on Interims

KSK remains beset by short-term issues that dominate these interim results and cause us to cut our full-year forecasts. However the potential for improvement remains. The resolution of the Wardha issues and the operation of the second unit at Mahanadi could turn the second half into a stronger story and move forecasts up again. Coal supplies for at least half of Mahanadi are secured and further supplies are possible with the up-coming auction of coal blocks. Until this is resolved, uncertainty

Companies: KSK Power Ventur plc

KSK Power Ventur plc

Company Profile

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  • T.L. Sankar, Chairman

Research, Charts & Company Announcements

Research Tree provides access to ongoing research coverage, media content and regulatory news on KSK Power Ventur plc. We currently have 10 research reports from 1 professional analysts.

Latest News/RNS

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Date Source Announcement
27Jul18 07:12 RNS Update and suspension of shares from trading
29May18 17:43 RNS Business Update
05Apr18 07:00 RNS Business Update
30Jan18 07:33 RNS Business Update
22Dec17 07:00 RNS Interim Results to 30 September 2017
03Oct17 10:05 RNS Result of AGM
19Sep17 12:21 RNS Change of Registered Office
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  • 29 Apr 22
LIBERUM: Sylvania Platinum* - Production uplift coming


Companies: Sylvania Platinum Ltd.
  • 09 May 22
IOG - Forecast and valuation update

Forecast and valuation update

Companies: IOG PLC
  • 16 May 22
WH Ireland: Jubilee Metals (JLP) - Operational update

Jubilee today provides an operational update on the ongoing commissioning at the new Inyoni chrome and PGM plants with Jubilee building up to steady state production for nameplate capacity of 1.2Mt chrome concentrate and 44koz PGM production per year. Remember processing chrome creates the upgraded PGM tailings for Jubilee to recover the PGMs (Jubilee being paid a small margin to preconcentrate its own feed) and with the expanded Inyoni there is no need to share the PGM revenues via a JV struct

Companies: Jubilee Metals Group PLC
  • 11 May 22
Site Visit Report

Last week Tamesis visited a number of Tharisa PLC's assets including the Tharisa Mine and Arxo Metals Beneficiation Site (AMBS) in South Africa and the Karo Platinum Project in Zimbabwe. Overall it was an extremely well received trip with evidence of efficiency improvements at the Tharisa mine, unexpected cash generation from the Vulcan Plant, further cash from the Salene Chrome Plant and, it also impressed on us that the Zimbabwe risk to the build out of Karo is lower than the market perhaps th

Companies: Tharisa Plc
  • 23 May 22
IOG - Production interruption

Production interruption

Companies: IOG PLC
  • 16 May 22
WH Ireland: Pantheon Resources (PANR) - Rig Contracted to Drill Alkaid #2

Pantheon Resources announced that it has contracted a rig (the Nabors 105AC) to the Alkaid #2 well, which the company indicated is scheduled to spud in July 2022. The company indicated that if the well is successful, Pantheon Resources will commence a long-term production test and truck and sell the produced oil to a nearby North Slope facility.

Companies: Pantheon Resources plc
  • 18 May 22
Arrow Exploration - RCE-2 well flow test result

RCE-2 well flow test result

Companies: Arrow Exploration Corp.
  • 20 May 22
Cenkos: Chariot Ltd - Oversubscribed Placing and Subscription

Chariot has conditionally raised gross proceeds of US$25.5m (before costs), providing the Company with sufficient funds to advance the Anchois Gas Development towards a Final Investment Decision (FID) and to progress its renewable power pipeline. The placing was significantly oversubscribed, highlighting the market's confidence in Chariot's business model and its management team. We maintain our price target at 51p, with the recent rise in the European gas price forward curve offsetting the dilu

Companies: Chariot Limited
  • 12 May 22
WH Ireland: ARC Minerals (ARCM) - Signing a significant JV agreement with Anglo American

ARC has announced it has signed a JV agreement with Anglo American (LSE:AAL, Market Cap $45bn) over its Zambian licences. This has long been in the offing and we view the terms as advantageous to Arc and a validation of the prospectivity that it (and we) see in its licences. The headline JV payments are staged but could ultimately lead to Anglo owning 70% of the licences, by investing $74m in exploration and paying Arc $14.5m. The licences will be held under a JV which will have an initial ow

Companies: ARC Minerals Limited
  • 23 May 22
Cenkos:Diversified Energy Company Plc - Central Region Consolidation

Diversified has announced the acquisition of a portfolio of East Texas upstream assets and related facilities from a private seller for US$50m – an attractive 1.4x multiple based on the NTM adjusted EBITDA of US$35m and before any potential synergies. At US$50m, the net purchase price approximates a >PV40 valuation at the effective date and represents an attractive discount of c51% to the estimated PV10 using the NYMEX strip as of the 19 April 2022. The assets include PDP reserves of 18mmboe (11

Companies: Diversified Energy Company PLC
  • 18 May 22
LIBERUM: Thungela* - Energy crisis prompts value upgrades


Companies: Thungela Resources Limited
  • 20 May 22
Hybridan Small Cap Feast 20/05/22

Dish of the day Joiners: No Joiners Today. Leavers: No Leavers Today. What’s cooking in the IPO kitchen? Psych Capital PLC, intends to list on the AQSE Growth Market. Psych operates the Psych Platform (a business-to-business networking platform), that is developing the Blossom Database pursuant to a third party licensing arrangement. The Company also has an investment of 426,000 common shares in Awakn, a Canadian NEO Exchange listed psychedelics research and clinical group, with operations in th

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  • 10 May 22
Hybridan Small Cap Feast 10/05/22

Dish of the day Joiners: No Joiners Today. Leavers: No leavers Today. What’s cooking in the IPO kitchen? EnSilica, intends to join AIM. EnSilica is a designer and supplier of mixed signal Application Specific Integrated Circuits (ASICs). ASICs are integrated circuits or semiconductor chips developed for a particular use or product rather than for general purpose usage. ASICs help differentiate products through optimised hardware thereby making products smaller, faster, lower power and more

Companies: XTR XLM VRS SUP ROCK SLE SEMP OHG HDD FIH

  • 18 May 22
Cenkos:Caledonia Mining Corporation - Yield and Growth

Caledonia Mining Corporation delivers high yield exposure to the gold sector with increasing production from the 64% owned Blanket Gold Mine in Zimbabwe. With an improving political situation, Caledonia offers the in-country experience to capitalise on production backed exploration in a significant under-explored African greenstone belt. We value Caledonia on a base case in the region of $233m or £14.85/share, based on a long-term $1,750/oz gold price and assuming a 12% discount rate. With a foc

Companies: Caledonia Mining Corporation PLC
  • 23 May 22
Cenkos:Oil & Gas Sector - 23 May 2022

Cenkos:Oil & Gas Sector - 23 May 2022

Companies: FO 88E CHAR DEC EME GTC TRIN WEN