CESC has seen a tremendous increase in digital payments, with 82 per cent of its total revenue from electricity bill collection coming from online mode. The company provides a discount of one per cent for digital payment.
Despite electricity tariffs remaining unchanged during the year, the company’s total income on a standalone basis (revenue from operations plus other income) increased by 9 per cent to Rs 8,153 crore in 2022-23. Operating costs increased during the year, largely on account of high fuel costs. Profit after tax (PAT) increased by about 2 per cent to Rs 830 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.
