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CESC soars on planning to invest Rs 1000 crore in power business in FY18

31 Jul 2017 Evaluate

CESC is currently trading at Rs. 940.90, up by 11.10 points or 1.19% from its previous closing of Rs. 929.80 on the BSE.

The scrip opened at Rs. 936.10 and has touched a high and low of Rs. 944.85 and Rs. 936.00 respectively. So far 11722 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1001.85 on 16-May-2017 and a 52 week low of Rs. 539.10 on 09-Nov-2016.

Last one week high and low of the scrip stood at Rs. 944.85 and Rs. 891.15 respectively. The current market cap of the company is Rs. 12472.29 crore.

The promoters holding in the company stood at 49.92%, while institutions and non-institutions held 40.85% and 9.22% respectively.

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.

CESC Share Price

175.95 4.45 (2.59%)
20-Apr-2026 12:10 View Price Chart
Peers
Company Name CMP
NTPC 397.95
Tata Power 433.85
Adani Power 203.20
Power Grid Corp 320.95
Torrent Power 1619.30
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