CESC’s wholly-owned subsidiary -- Eminent Electricity Distribution (Eminent), has received approval from board of directors for acquisition of 23.18% of the equity share capital of Noida Power Company (NPCL), an Associate Company of CESC. Post this acquisition Noida Power Company will become a subsidiary of the Company. The objective of acquisition is reorient and reorganize the power distribution business of the Company. CESC’s direct and indirect holding in NPCL will be 72.73%.
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.
