CESC has received approval to raise Rs 350 crore through an issuance of 3,500 Non-convertible Debentures (NCDs) having a face of Rs10 lakh each for cash at par in one or more tranches from time to time, on a private placement basis. Out of the above, the first tranche will comprise of 1,200 NCDs of face value of Rs 10 lakh each aggregating to Rs 120 crore.
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.
