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CESC raises Rs 300 crore through NCDs

21 May 2020 Evaluate

CESC has raised Rs 300 crore through Non-Convertible Debentures (NCDs) and allotted 3000 Non-Convertible Debentures of face value of Rs 10 lakh each on a private placement basis, to ICICI Bank.

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.

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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