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Business News/ Politics / News/  CESC posts profit of 266 crore
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CESC posts profit of ₹ 266 crore

CESC posts profit of ₹ 266 crore

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Kolkata: Benefiting from a revision in tariff, power distribution and generation company CESC Ltd has in the quarter till March posted a net profit of 266 crore as against 112 crore in the same period previous year.

On a like-for-like comparison, CESC’s net profit jumped 20.5% year-on-year, on a 4-5% growth in power sales by volume. CESC’s full year net profit jumped 15.77% over last fiscal 2011 to Rs565 crore. The standalone figures do not include the losses in its retail business.

On a revenue of 1,292 crore, Spencer’s Retail is expected to registered a cash loss of around 120 crore in fiscal 2012.

CESC on Tuesday announced that it would set up a 1,920 mw power plant in West Bengal on a 997-acre plot it has owned in Balagarh for decades. Vice-chairman Sanjiv Goenka said the West Bengal government had committed to provide coal for the project.

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Published: 08 May 2012, 10:11 PM IST
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