Sanjiv Goenka Photo: Subrata MajumderFive years after Sanjiv Goenka stepped out of RPG’s shadow, a major shift in strategy is underway as flagship company CESC moves focus from power generation to distribution.
Kolkata-based power company CESC posted a marginal rise of 1.6% in its net standalone profit at Rs 248 crore for the quarter ended March 31, 2016. During January-March of 2016, the company's net income rose by 4.4% to Rs 1,479 crore as against Rs 1,416
R P Sanjiv Goenka group flagship power company CESC has posted a near-flat net profit of Rs 244 crore in the quarter ended March 31, 2015 compared to Rs 243 crore in the corresponding period of last fiscal.
RP Sanjiv Goenka group flagship company CESC is planning a hike in power tariffs for its distribution area from April, 2015 to compensate the cost escalation in Haldia power project, which became commercially operational today.
The RP-Sanjiv Goenka Group flagship power company CESC has posted a 12.28 per cent rise in net profit at Rs 192 crore for the quarter ended September, 2014 compared to a net profit of Rs 171 crore during the corresponding period last year.
The RP-Sanjiv Goenka Group flagship company CESC has posted a 5.08% drop in net profit at Rs 243 crore for the quarter ended March, 2014 compared to a net profit of Rs 256 crore during the corresponding period last year.
The RP-Sanjiv Goenka group flagship, CESC, may have sought a steep 18% hike in tariff for the fiscal 2014-15, but state-run utility, the West Bengal State Electricity Distribution (WBSEDCL) is in a bind to reduce tariff.
Power utility CESC Ltd has sought a sharp hike of 18 per cent in average tariff to Rs 7.55 a unit from the regulator for the financial year 2014-15."CESC has filed petition for new tariff for three consecutive years from 2014-15, 2015-16 and 2016-17