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CESC spurts on inking pact for acquisition of two hydro power projects

17 May 2012 Evaluate

CESC is currently trading at Rs 270.55, up by 7.25 points or 2.75% from its previous closing of Rs 263.30 on the BSE.

The scrip opened at Rs 266.95 and has touched a high and low of Rs 271.00 and Rs 266.00 respectively. So far 20285 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 364.40 on 26-Jul-2011 and a 52 week low of Rs 186.30 on 28-Dec-2011.

Last one week high and low of the scrip stood at Rs 271.00 and Rs 258.20 respectively. The current market cap of the company is Rs 3380.14 crore.

The promoters holding in the company stood at 52.48% while Institutions and Non-Institutions held 34.62% and 12.85% respectively.

CESC, RP Goenka Group Company has entered into agreement with Indiabulls Group to acquire two hydro power projects of 146 MW total capacity in Arunachal Pradesh. The company has acquired 100% stake in Pachi Hydro Power Projects and Papu Hydro Power Projects.

Recently, the company decided to revive the abandoned Balagarh power project in West Bengal at an estimated investment of Rs 10,500 crore.

Currently, the company is executing a 600 MW project at Haldia in West Bengal and a 600 MW Chandrapur power project in Maharashtra.

The company posted a growth rate of 137.5% in net profit for the last quarter of 2011-12 at Rs 266 crore as against Rs 112 crore during the year-ago period. Net sales during the quarter stood at Rs 1,348 crore, registering a rise of 48.5% as compared to Rs 908 crore in the last quarter of the FY11.

CESC Share Price

171.50 0.90 (0.53%)
17-Apr-2026 16:59 View Price Chart
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