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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

Power Plants

CESC Ltd is likely to see an increase of over 25 per cent in its franchisee distribution revenue this year, after the company won a 20-year contract in Malegaon, Maharashtra, for a project that is expected to break even within two years. As of March 31, 2018, its franchisee distribution revenue, which consists of the right to supply power and raise bills thereof to consumers in Kota, Bikaner and Bharatpur in Rajasthan, stood at Rs 1,300 crore. This accounts for about 13 per cent of the company’s annual turnover of Rs 10,275 crore last fiscal year.  The rest of the ...