October 23, 2014 2:52 PM ET

Electric Utilities

Company Overview of CESC Limited

Company Overview

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...

CESC House

Chowringhee Square

Kolkata,  700001

India

Founded in 1897

10,492 Employees

Phone:

91 33 2225 6040

Fax:

91 33 2225 5155

Key Executives for CESC Limited

Managing Director
Age: 54
Total Annual Compensation: $7.3M
Advisor to the Chairman and Member of Investors' Grievance Committee
Age: 65
Total Annual Compensation: $2.2M
Compensation as of Fiscal Year 2014.

CESC Limited Key Developments

CESC Seeks Acquisitions

CESC Limited (BSE:500084) will participate in auction of coal blocks and is planning to acquire troubled power plants. Sanjiv Goenka, Chairman of CESC said that it also actively eyeing acquisition of troubled plants in a bid to expand its energy portfolio. CESC is evaluating several proposals and the process of identification is on. We are looking at many troubled power projects but many of them are also very challenged. To fund such inorganic as well as organic growth, CESC is now in lookout for raising fresh equity from institutional investors.

CESC Limited, Annual General Meeting, Oct 18, 2014

CESC Limited, Annual General Meeting, Oct 18, 2014., at 10:30 Indian Standard Time. Location: Sscience city main auditorium. Agenda: To open the proposed issue, or the date on which the holder of the securities which are convertible into or exchangeable into equity shares at a later date.

CESC Limited Appoints Pratip Chowdhury as Additional Director and Independent Director, Effective from October 01, 2014

CESC Ltd. has announced that the board of directors of the company at its meeting held on September 22, 2014, has decided to appoint Mr. Pratip Chowdhury as an Additional Director of the company from October 01, 2014 and also as its Independent Director for a term of five years.

Recent Private Companies Transactions

Type
Date
Target
Private Placement
September 22, 2014
--
Merger/Acquisition
July 16, 2014
--
 

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