Company Overview of CESC Limited
CESC Limited, a power utility company, is primarily engaged in the generation, transmission, and distribution of power to approximately 2.8 million domestic, industrial, and commercial users in the area of 567 square kilometers (km) of Kolkata and Howrah, West Bengal. It owns and operates 4 thermal power plants that generate approximately 1,225 megawatts of power; and transmission and distribution systems that comprise 474 km circuit of transmission lines linking its generating and receiving stations with 85 distribution stations, as well as 3,837 km circuit of HT lines, and 9,867 km circuit of LT lines. It also operates 128 stores under the Spencer’s label in India, which comprises 34 hyper...
Founded in 1897
Key Executives for CESC Limited
Managing Director, Whole-Time Director, Member of Stakeholders Relationship Committee, Member of Corporate Social Responsibility Committee, Member of Risk Management Committee and Member of QIP Committee
Total Annual Compensation: $7.3M
Advisor To The Chairman and Member of Stakeholders Relationship Committee
Total Annual Compensation: $2.2M
Compensation as of Fiscal Year 2014.
CESC Limited Key Developments
CESC Limited Eyes Acquisition Of Power Generation Assets
May 28 15
CESC Limited (BSE:500084) is eyeing acquisition of power generation assets. CESC Limited told investors that acquisition of generation assets and fuel security for new projects is its growth opportunities.
CESC to Invest Around INR 20,000 Million to Strengthen Distribution Network
May 22 15
CESC announced that it aims to reduce the time taken to provide a new connection to 24 hours from 72 hours at present. In a bid to strengthen its distribution network in Kolkata, CESC is planning to invest around INR 20,000 million. The company has already invested INR 30,000 million in improving its distribution network in the past few years, and would want to invest another INR 20,000 million in improving the network so that downtime can be brought down to zero and Kolkata turns into a zero load shedding city. Further, the company aims to reduce the time taken to provide a new connection to 24 hours from 72 hours at present.
CESC Limited Recommends Dividend for the Year Ended March 31, 2015
May 21 15
CESC Ltd. announced that the board of directors of the company at its meeting held on May 21, 2015, has decided to recommend to the members at the thirty-seventh annual general meeting, payment of equity dividend for the year ended March 31, 2015 at the rate of 90% or INR 9/- per share on the paid-up share capital of the company as on that date. The dividend will be tax free in the hands of the shareholders but shall be subject to tax thereon payable by the company.
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