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CESC to invest Rs 1000 crore in power business in FY18

29 Jul 2017 Evaluate

Power utility company CESC will invest Rs 1000 crore in the power business in the financial year 2017-18. Out of which Rs 600 crore is meant for CESC Kolkata distribution network and rest will be in other power companies. The company will focus on power distribution instead in generation due to high regulatory interventions.

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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