CESC planning for a 150-crore real estate venture

CESC is also planning to develop an residential cum commercial complex at Haldia with an investment of Rs 150 crore.

This would be first ever venture of into residential complex by CESC.

The complex to be developed by CESC Properties, a wholly-owned subsidiary of the power major, would be spread of 3 acres of land. The land is already in possession of CESC.

There would 330 medium and high-end flats apart from 1.2 lakh sqft commercial complex. "Of the residential flats 100 would be for Haldia plant employees. Rest would be sold," Goenka said.

CESC properties had earlier built the Quest luxury shopping mall in Kolkata, with an investment of Rs 375 crore.