Page 3 - Cesc

Uncertainty over retail, IT biz valuations stump Street

The CESC stock tanked 15% to Rs 829.80 on Thursday

CESC restructures business into four companies to unlock value

RP-Sanjiv Goenka Group's flagship company, CESC Ltd, on Thursday announced restructuring of the company's business verticals into four distinct companies which will be listed on the country's bourses by October 1 this year.As per the demerger, the group's power business will be divided into two - generation and distribution while its retail arm, led by Spencer's Retail will become the third company. The rest of the company's business verticals, which includes its BPO arm, Firstsource Solutions, sports division, New Rising Promoters, the real estate wing, Quest Properties India, the FMCG division, Guiltfree, and others will form the fourth entity.The group's current flagship company, CESC Ltd, will take over the distribution business while the other three companies will be listed on BSE, NSE and the Calcutta Stock Exchange.The generation wing will be named Haldia Energy Ltd while the retail division will be christened RP-SG Retail Ltd. The entity which will have the rest of the ...

CESC to focus on distribution over power generation

This is expected to drive the future growth of the flagship company of the RP-Sanjiv Goenka Group

There is some spark left in CESC

CESC has seen its share price almost doubled in past one year from lows of Rs 421.70 in last February, or rise over 25 per cent in the last one month, to Rs 856.20. Improving prospects in the business, and of-late expectations of restructuring and value-unlocking have led to this rally. The power production and distribution major, which also has interests in retailing, is said to be considering a demerger of its business segments. Although clarity on value-unlocking and demerger is yet to come, improving performance across business segments is encouraging. In the distribution segment, for instance, CESC's net profit at Rs 152 crore grew 5 per cent year-on-year in December quarter. Although a bit below estimates, the prospects are looking better. CESC being an integrated player involved in generation (1,125 MW), transmission & distribution of power in Kolkata owns two coal-fired plants of 600 MW each at Chandrapur and Haldia. The company has recently won some distribution circles ..

CESC declares interim dividend of Rs 10 per share for FY17

Dividend will be paid on and from March 6

CESC plans Rs 600-cr investment to raise wind energy output

This addition is likely over the next five-odd weeks

CESC wins power distribution franchise in Rajasthan

Agreement has been signed with Jaipur Vidyut Vitaran Nigam Ltd. for distributing power for 20 years

CESC posts 1.6% jump in net profit in Q4

Partners with US-based Silver Spring Networks to bring part of south Kolkata under smart grid network