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CESC to invest around Rs 2,000 crore to strengthen distribution network

22 May 2015 Evaluate

In a bid to strengthen its distribution network in Kolkata, CESC is planning to invest around Rs 2,000 crore. The private power producer has already invested Rs 3,000 crore in improving its distribution network in the past few years, and would want to invest another Rs 2,000 crore in improving the network so that downtime can be brought down to zero and Kolkata turns into a zero load shedding city. Further, the company aims to reduce the time taken to provide a new connection to 24 hours from 72 hours at present.

CESC is engaged in power generation and distribution in state of West Bengal. CESC is a fully integrated power utility with its operation spanning the entire value chain: right from mining coal, generating power, distribution of power.

Peers
Company Name CMP
NTPC 326.20
Tata Power 366.80
Adani Power 203.00
Power Grid Corpn. 269.25
Adani Energy Solut. 1339.40
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