HomeNewsBusinessCNBC-TV18 CommentsKSK in talks to sell 74% stake in Wardha power plant: Sources
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KSK in talks to sell 74% stake in Wardha power plant: Sources

KSK Energy is likely to sell its entire 74 percent stake in Wardha thermal power plant for up to Rs 3000 crore, sources have told CNBC-TV18.

March 10, 2016 / 10:35 IST
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KSK Energy is likely to sell its entire 74 percent stake in Wardha thermal power plant for up to Rs 3000 crore, sources have told CNBC-TV18.

The company is in talks with foreign strategic investors and two Indian power companies.

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Sources further say the company plans to utilize this capital to reduce debt and expand its 3600 MW power project in Chhattisgarh.KSK shares were up 7 percent in early Thursday trade, after CNBC-TV18 broke this exclusive.Watch video for more.

TAGS: #Chhattisgarh #CNBC-TV18 Comments #KSK Energy Ventures #Wardha thermal power
first published: Mar 10, 2016 10:19 am

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