Benchmarks
Nifty14,768.5532.15
Market Watch
The Economic Times
English EditionEnglish Editionहिंदी संस्करण
| 23 March, 2021, 09:15 AM IST | E-Paper
Holi Offer on ET PrimeSubscribe @ ₹ 105/monthSubscribe @ ₹ 105/month
Search
+
Business News›Industry›Banking/Finance›Banking›SBI invokes personal guarantees given by KSK Energy promoters

    SBI invokes personal guarantees given by KSK Energy promoters

    Synopsis

    KSK Mahanadi Power’s 3600 megawatt power project located in Chhattisgarh ranks amongst the five largest thermal power projects in India.

    State Bank of India (SBI) has invoked personal guarantees of KSK Energy’s promoters that they had provided for a ₹5,000 crore loan they had obtained for KSK Mahanadi Power. S Kishore and KA Sastry had arranged financing for the power company a decade ago with bulk of the debt being financed by Indian banks and the equity coming from erstwhile Lehman Brothers and certain customers. KSK Mahanadi Power’s 3600 megawatt power project located in
    BY
    ET Bureau
    2 mins read, Last Updated:
    Share This Article
    • GIFT ARTICLE
    • FONT SIZE
      AbcSmall
      AbcMedium
      AbcLarge
    • SAVE
    • COMMENT

    Sign in to read the full article

    You’ve got this Prime Story as a Free Gift

    Holi Offer on ET Prime

    Get 25% off on 1 & 2 Year Plans

    View Plans

    Special Offer on ET Prime

    Subscribe & get 30% off on 2-Year Plan

    View Plans

    Special Offer on ET Prime

    Subscribe & get 30% off on 2-Year Plan

    View Plans

    Why ?

    • Sharp Insight-rich, Indepth stories across 20+ sectors

    • Access the exclusive Economic Times stories, Editorial and Expert opinion

    • Clean experience with
      Minimal Ads
    • Comment & Engage with ET Prime community
    • Exclusive invites to Virtual Events with Industry Leaders
    • A trusted team of Journalists & Analysts who can best filter signal from noise
    The Economic Times
    BrowseCompanies: