May 16, 2018 / 4:08 AM / 10 days ago

BRIEF-Ksk Energy Ventures Says Ceasing Of KSK Mahanadi as Unit To Substantially Impact Co

May 16 (Reuters) - KSK Energy Ventures Ltd:

* 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: bit.ly/2IrLZpJ Further company coverage:

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