Business Standard

CESC Limited

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

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

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

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

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

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

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

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

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

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

Nifty outlook and top trading ideas by CapitalVia Global Research
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

CESC drops plan to demerge power generation and distribution business
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

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

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

CESC mulls opening snack manufacturing unit for FMCG venture
Updated On : 28 Jul 2017 | 5:43 PM IST

CESC carries out restructuring, demerges into four companies

All four entities will be listed, the effective date to be October 1

CESC carries out restructuring, demerges into four companies
Updated On : 18 May 2017 | 5:46 PM IST

CESC Q3 net profit up 4.43 per cent at Rs 152 crore

Total income has increased to Rs 1,650 crore in the quarter under review compared to Rs 1,617 crore

CESC Q3 net profit up 4.43 per cent at Rs 152 crore
Updated On : 10 Feb 2017 | 3:23 PM IST

After Kota and Bharatpur, CESC expands power distribution to Bikaner

Bikaner franchise is spread over 155 sq km and has 142,000 consumers, with a peak load of 130 Mw

After Kota and Bharatpur, CESC expands power distribution to Bikaner
Updated On : 06 Feb 2017 | 6:16 PM IST