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CESC Limited

CESC Q3 results: Profit drops 6.3% to Rs 282 cr, declares interim dividend

Power generation and distribution company CESC Ltd on Friday reported 6.3 per cent dip in consolidated net profit at Rs 282 crore for December quarter FY25. The company had logged a net profit of Rs 301 crore in the quarter ended December 31, 2023. Net regulatory income fell to Rs 300 crore in the quarter from Rs 560 crore in the year-ago period. Total expenses rose to Rs 3,595 crore from Rs 3,497 crore. Total income also rose to Rs 3,657 crore in the quarter from Rs 3,301 crore a year ago. The board has declared an interim dividend of Rs 4.50 per equity share for the fiscal. The record date for eligible shareholders to receive the interim dividend is January 16, 2025.

Updated On: 10 Jan 2025 | 6:06 PM IST

CESC secures LoI for Rs 871 cr deal to acquire Chandigarh power firm

After a nearly three-year wait because of legal wrangles, Eminent Electricity Distribution Ltd, a subsidiary of CESC Ltd, has received the Letter of Intent (LOI) for acquiring 100 per cent equity in a company responsible for electricity distribution and retail supply in Chandigarh. CESC, part of the RP-Sanjiv Goenka Group, had emerged as the highest bidder for the Rs 871-crore deal, securing the tender for the Chandigarh distribution business in 2021. However, the privatisation bid was challenged by trade unions. The Punjab and Haryana High Court recently dismissed the petition filed by employees of the Chandigarh Power Department, clearing the way for privatising power distribution services in the union territory. We write to inform you that Eminent Electricity Distribution Ltd, a wholly-owned subsidiary of CESC Ltd, has received a Letter of Intent for acquiring 100 per cent shares in a distribution company responsible for electricity distribution and retail supply in the Union ...

Updated On: 23 Nov 2024 | 2:49 PM IST

CESC Q2FY25 results: Net profit grows 3% to Rs 373 cr on higher income

Power utility firm CESC Ltd on Tuesday reported a nearly 3 per cent rise in consolidated net profit to Rs 373 crore in the September 2024 quarter, aided by higher income. It posted a profit of Rs 363 crore during the three months ended September 2024, the company said in a regulatory filing. The company's total income rose to Rs 4,770 crore from Rs 4,414 crore in the year-ago period. Expenses stood at Rs 4,427 crore against Rs 4,314 crore a year ago.

Updated On: 12 Nov 2024 | 3:27 PM IST

Here's why CESC stock price jumped over 3% on August 21; details here

The shares of CESC rose after the company announced that its subsidiary, Purvah Green Power Private Limited has incorporated a Wholly Owned Subsidiary (WOS) company, Ecofusion Power Private Limited.

Updated On: 21 Aug 2024 | 10:40 AM IST

CESC Q1 results: Firm posts 9% rise in profit on summer, industrial demand

India experienced a sharp rise in power demand amid sturdy manufacturing activity and scorching weather in a summer that stretched beyond the March-May period into June

Updated On: 09 Aug 2024 | 5:45 PM IST

Power company CESC acquires 64% stake in Purvah Green Power for Rs 205 cr

Power company CESC Ltd on Monday said it has acquired 63.91 per cent equity shares in Purvah Green Power for Rs 205 crore. Post-acquisition, Purvah Green Power Private Limited (Purvah) will become its direct subsidiary, CESC said in a regulatory filing. "The company (CESC) has acquired today 63.91 per cent equity shares of Purvah Green Power Private Limited ("Purvah"), a wholly-owned subsidiary of Crescent Power Limited (a subsidiary of the company), thus making Purvah a direct subsidiary of CESC Ltd," it added. The cost of acquisition would be Rs 205 crore, the company said. "63.91 per cent of Purvah's shares were acquired by the company by subscribing to 20,50,00,000 equity shares of Rs 10 each for an aggregate consideration amounting to Rs 2,05,00,00,000," the filing said. CESC is into the generation, transmission, and distribution of electrical power.

Updated On: 29 Jul 2024 | 10:25 PM IST

Stocks to Watch, May 24: Bayer Crop, Landmark Cars, Shilpa Medicare

Across Asia, markets mirrored the losses seen in Wall Street, with Japan's Nikkei leading the decline with a drop of 1.22 per cent, followed by Korea's Kospi down nearly 1 per cent

Updated On: 24 May 2024 | 8:05 AM IST

CESC Ltd Q4 result: PAT declines 7% to 415 cr, total income at Rs 3,460 cr

CESC Ltd on Thursday reported a 6.74 per cent fall in its consolidated profit to Rs 415 crore for the March quarter, supported by higher income. It had clocked a net profit of Rs 445 crore in the year-ago period, the power company said in an exchange filing. The company's total income rose to Rs 3,460 crore in the quarter under review from Rs 3,208 crore in January-March FY23. During the period under review, its expenses stood at Rs 3,613 crore, as against Rs 3,099 crore a year ago. For full year, the company's profit rose to Rs 1,447 crore from Rs 1,397 crore in FY 22-23, it said. The board of the company also approved the appointment of Brajesh Singh as Managing Director (Generation) and Vineet Sikka as Managing Director (Distribution) for a period of five years with effect from May 28, 2024. CESC is into generation, transmission, and distribution of electrical power.

Updated On: 23 May 2024 | 8:07 PM IST

Power utility firm CESC approves proposal to raise Rs 300 cr through NCDs

Power utility firm CESC Ltd board has approved the issuance of 30,000 non-convertible debentures on a private placement basis to raise Rs 300 crore. Under the first issuance, 20,000 NCDs having a face value of Rs 1,00,000 each, for cash, at par aggregating to Rs 200 crore, will be issued on a private placement basis. In the second tranche, 10,000 NCDs having a face value of Rs 1,00,000 each, for cash, at par aggregating to Rs 100 crore, will be issued on a private placement basis. The committee of the Board, at its meeting held today (Wednesday), has approved the issue of the following secured, unlisted, redeemable, rated, non-convertible debentures (NCDs) on a private placement basis, a BSE filing stated.

Updated On: 27 Dec 2023 | 10:22 PM IST

CESC consolidated net profit remains flat at Rs 445 cr in March quarter

Power utility CESC Ltd on Monday posted a flat consolidated net profit of Rs 445 crore during the quarter ended March 31, 2023. Its profit in January-March 2022 was at Rs 445 crore, the company said in a BSE filing. The company's total income was at Rs 3,208 crore in the quarter, higher than Rs 3,092 crore in the year-ago quarter. Expenses were at Rs 3,099 crore, higher from Rs 2,836 crore a year ago. The Board of Directors of the company approved the reappointment of Debasish Banerjee for another year with effect from May 28, 2023. The said re-appointment is subject to the approval of shareholders at the ensuing Annual General Meeting of the company. The present tenure of Banerjee as Managing Director (Distribution) of the company will expire at the close of business hours on May 27, 2023. Kolkata-based CESC Ltd belongs to RP-Sanjiv Goenka Group and is a vertically integrated power utility engaged in generation, transmission and distribution of electricity.

Updated On: 22 May 2023 | 5:06 PM IST

Amp Energy India bags 150 MW hybrid project from CESC via subsidiary

Amp Energy India on Thursday said it has won a 150 MW hybrid energy project from CESC Limited. It has won the wind-solar project through its subsidiary Amp Green Energy Private Ltd at a tariff of Rs 3.07 per unit. The tariff discovered was the lowest in the bid, Amp Energy India said in a statement. The power purchase agreement (PPA) for this project will be executed accordingly with discom CESC Ltd. "By combining wind and solar energy in a single project, we can optimize land use, improve power generation, and reduce the intermittency of the system. We are happy to provide green power to eastern India through CESC, one of India's leading integrated utility companies," Pinaki Bhattacharyya, MD and CEO, Amp Energy India said.

Updated On: 11 May 2023 | 6:56 PM IST

CESC consolidated net profit rises 3.7% to Rs 445 crore in March quarter

The consolidated net profit of the company was at Rs 429 crore in the quarter ended March 2021, a BSE filing said

Updated On: 13 May 2022 | 8:42 PM IST

CESC board approves plan to raise Rs 400cr via non-convertible debentures

RP Sanjiv Goenka group's flagship company CESC Ltd on Tuesday said its board has approved a plan to raise Rs 400 crore through unsecured non-convertible debentures (NCDs) on a private placement basis

Updated On: 28 Sep 2021 | 9:17 PM IST

Torrent Power acquires 156 Mw wind power plants from CESC Ltd arm

Struck at an estimated enterprise value of Rs 790 cr, subject to closing price adjustments, the acquisition must now meet customary conditions for transaction closure

Updated On: 21 Sep 2021 | 7:09 PM IST

CESC consolidated net profit rises 25% to Rs 328 crore in December quarter

Power utility CESC Ltd on Wednesday reported a 25-per cent on-year rise in consolidated net profit to Rs 328 crore for the December quarter.

Updated On: 13 Jan 2021 | 6:23 PM IST

Nifty outlook and top trading ideas by CapitalVia Global Research

Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor

Updated On: 16 Jan 2020 | 8:16 AM IST

CESC drops plan to demerge power generation and distribution business

Shashwat Goenka inducted to the board of CESC as its vice-chairman and additional director, subject to the necessary approvals

Updated On: 15 Nov 2019 | 1:45 AM IST

CESC's net profit rises 7.44% to Rs Rs 231 cr in Q1, revenue up 8%

The net profit stood at Rs 215 crore in the corresponding quarter of the last fiscal

Updated On: 14 Aug 2019 | 8:19 PM IST

CESC's franchisee distribution income may zoom by 25% after 20-yr contract

Malegoan project, the company's first in Maharashtra, is likely to break even in two years

Updated On: 07 Jan 2019 | 9:38 PM IST

CESC mulls opening snack manufacturing unit for FMCG venture

Firm recently picked up a 70% stake in Apricot Foods Pvt Ltd- owner of the e-Vita brand

Updated On: 28 Jul 2017 | 5:43 PM IST