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CESC to raise Rs 350 crore through securities

26 Jun 2019 Evaluate

CESC will seek shareholders’ approval to raise Rs 350 crore through various modes of securities next month. The annual general meeting (AGM) of the company will be held on July 19, 2019.

The company will also seek shareholders approval to get term loan of Rs 200 crore from Union Bank of India and Rs 300 crore each from State Bank of India and Bank of Baroda to part finance its capital expenditure. Under the special resolution, the company also sought shareholders’ nod to avail incremental working capital facility of Rs 150 crore from Bank of Baroda and Rs 30.65 crore from State Bank of India.

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


CESC Share Price

180.45 0.30 (0.17%)
24-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
NTPC 401.70
Tata Power 434.65
Adani Power 213.05
Power Grid Corp 316.25
Torrent Power 1699.30
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