Buy KSK Energy, target of Rs 225: IIFL

>> Wednesday, August 12, 2009

IIFL has recommended a buy rating on KSK Energy with a 12-month target of Rs 225 in its August 11, 2009 report.

"KSK Energy (KSK) builds and operates power plants on the ‘group captive generation’ principle, making its revenue model a unique one in India. It currently has 144MW capacity operational, and is set to commission an additional 675MW through 3QFY10-1QFY11 in phases. Successful completion of these projects would showcase KSK’s ability to undertake 3.6GW projects at Chhattisgarh, and enhance visibility of projects for a further 6GW."

Source : Money Control.