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CESC to reorient, reorganize power distribution business

13 Jan 2021 Evaluate

CESC’s board has decided to reorient and reorganize the power distribution business of the company under Eminent Electricity Distribution (Eminent), a wholly-owned subsidiary of the company, as its distribution arm and, over a period of time and subject to applicable laws, consolidate in Eminent all investments of the company in distribution business (other than in its operations in Kolkata and adjoining areas).

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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