KSK Energy Ventures Ltd, an Indian subsidiary of KSK Power Ventur Plc, said it signed a power purchase agreement (PPA) with Gujarat Urja Vikas Nigam (GUVN) for long term supply of 1,010 MW from its power plant at Nariyara in Chhattisgarh.
The PPA executed with GUVN is to be based on coal supplies from Gujarat Mineral Development Corp and its coal blocks.
On Monday, KSK Energy shares fell 3.67% at Rs170 on the Bombay Stock Exchange, while the benchmark Sensex closed 2% down at 16,781 points.
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