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CESC board may consider business restructuring plan tomorrow

Press Trust of India  |  Kolkata 

Ltd, the Rs 32,000 crore RP Sanjiv Goenka group flagship company may consider business restructuring plan at tomorrow's board meet.

sources last month had indicated that a business restructuring plan might be taken up to unlock value.

A consultant had already submitted to the company its recommmendations on a business plan.

An exercise of clubbing its generation and distribution companies under two separate arms could be taken up.

Carving out it's retail subsidary - Spencer's is also not ruled out by the sources.

However, there was no official confirmation and neither did chairman Sanjiv Goenka respond on the subject.

The has distribution rights in and owns part of generation units in West Bengal. The rest of the generation outfits and distribution franchises are managed by different wholly-owned subsidiaries.

The generation units at Haldia in Bengal and Chandrapur in are two separate outfits - Haldia Energy Ltd and Dhariwal Infrastructure Ltd, both subsidiaries of

The group entered distribution franchise business through different special purpose vehicles.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, May 17 2017. 19:22 IST