Explore Business Standard
CESC
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.
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.
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.
CESC Ltd on Friday said one of its step-down subsidiaries has completed the acquisition of a company that is in the process of implementing a 300-MW solar park in Rajasthan. The acquisition aims at bolstering the renewable energy portfolio of the power utility. In a regulatory filing, CESC said Purvah Green Power has completed the acquisition of the 100 per cent stake in Bhadla Three SKP Green Ventures at a consideration of Rs 3.84 crore. The power utility said that the acquired company is developing a solar park with a capacity of 300 MW in Phalodi district of Rajasthan, and its operations are entirely based in India. "The target company has not yet generated any revenue, as its project is still under development. However, it has obtained the necessary approval from the central transmission unit for interstate evacuation of solar power with a capacity of 300 MW and has partially acquired land," CESC said in the filing. The power utility did not provide details regarding the ...
Power utility CESC Ltd's consolidated net profit dipped over 10 per cent to Rs 301 crore in the December quarter, mainly due to higher expenses. Its consolidated net profit was Rs 336 crore in the quarter ended December 2022, a BSE filing showed. The total expenses rose to Rs 3,497 crore in the quarter under review from Rs 3,141 crore in the year-ago period. The company's total income rose to Rs 3,301 crore in the quarter against Rs 3,224 crore a year ago. The Board has declared an interim dividend of Rs 4.50 per equity share (i.e., 450 per cent) on the paid-up equity share capital of the company. The record date to ascertain the eligibility of members to receive the said interim dividend is February 1, 2024. The Board, in its meeting on Friday, also approved the appointment of Arjun Kumar as a non-executive director in the category of an Independent Director of the company for a term of five years with effect from January 19, 2024. Kumar is not related to any Director of the co
Power utility CESC Ltd on Friday said it received board's approval for raising Rs 100 crore from Axis Bank through issue of non-convertible debentures on private placement basis. The committee of the board of directors at its meeting approved the allotment of 10,000 secured, unlisted, redeemable, rated non-convertible debentures having a face value of Rs 1,00,000 each aggregating to Rs 100 crore on a private placement basis to Axis Bank Limited, CESC said in a regulatory filing.
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.
CESC Ltd on Wednesday posted a nearly 14 per cent rise in its consolidated net profit to Rs 363 crore in the September quarter, mainly on the back of higher revenues. The consolidated net profit of the company was Rs 319 crore in the quarter ended September last year, according to a regulatory filing. Total income of the company rose to Rs 4,414 crore in the quarter from Rs 3,977 crore in the same period a year ago. The company's board of directors has also considered exploring the possibilities of substantial investments in renewable energy generation space (up to 3 gigawatt) through its subsidiaries in more than one state in India to increase the company's renewable footprint and partially meet the renewables purchase obligations of its distribution business, the filing said.