The CESC (Calcutta Electric Supply Corporation) is the flagship company of the RP-Sanjiv Goenka Group. This is mainly a Kolkata-based company. The CESC was born from the erstwhile RPG Group, which is under the chairmanship of businessman Sanjiv Goenka. This company is an Indian electricity generation and the sole distribution company. The CESC (Calcutta Electric Supply Corporation) serves 567 square kilometres (219 sq mi) of the area administered by the Kolkata municipal corporation. CESC Limited has located in the city of Kolkata and other parts of Howrah, Hooghly, 24 Parganas (North) and 24 Parganas (South) districts in the state of West Bengal. Moreover, this company serves 3.0 million consumers approximately, which includes domestic, industrial and commercial users. The CESC Share Price Graph And News is today’s content.
About the Company
CESC Limited owns and operates four thermal power plants generating a total of 1,225 MW of power. This company also operates two 20 MW gas turbine units as a Peak Load Power Plant to compensate for the need for additional power demand during peak hours. CESC Limited has also established its footprint in unconventional energy with a 9 MW solar project in Gujarat and a 50 MW wind project in Rajasthan. This company is also developing three hydropower projects, with a combined capacity of 236 MW, in Arunachal Pradesh.
The RP-Sanjiv Goenka Group of CESC has 4 captive power plants, with a combined capacity of 76 MW, which is fuelled by the process waste gas produced at its four carbon black manufacturing units in India. Moreover, there is a 40 MW power plant of this company running on coal washery rejects and carbonaceous shale at the coal mining operations in Asansol. More than 80% of CESC customers’ electricity requirement is met from this company’s own generating plants, and the balance of electricity is purchased from third parties. CESC Limited’s captive coal mines provide about 50% of the coal requirement.
CESC also has its own Transmission and Distribution system through which the company supplies electricity to its consumers. This system of CESC Limited comprises a 474-kilometre which is a 295-meter circuit of transmission lines linking the company’s generating and receiving stations with 85 distribution stations, which is a 3,837-kilometre (2,384 meters) circuit of HT lines further linking distribution stations with LT substations. This company also provide large industrial consumers and a 9,867-kilometre (6,131 meters) circuit of LT lines connecting its LT substations to LT consumers.
CESC was incorporated in 1978 as Calcutta Electric Supply Corporation (India). This company is engaged in power generation and distribution in the state of West Bengal. Moreover, CESC Limited is a fully integrated power utility with its operation spanning the entire value chain: right from mining coal, to generating power, and distribution of power. In 1987, the name of the company was changed to CESC. Being part of RPG Group, this company made Calcutta free of load shedding and brought in new power connections, fault-free supply, quick response to local faults, complaint-free billing and also swift redressal of customer grievances.
Recently this company operates four pulverized fuel (pf) fired stations namely Budge Budge, Southern, and Titagarh. CESC Limited has a customer base of 2.4 million. This company has received ISO 14000 and ISO 9000 certifications for its quality management. CESC Limited has a total generation capacity of 975 MW. This company owns two subsidiaries namely CESC Properties running a business under real estate and Spencer’s Retail (SRL), which is engaged in running retail stores.
Chowringhee Square, Kolkata
West Bengal, 700001.
Tel : 033-22256040-49 033-22040300
Email: [email protected]
Group: R P Goenka Group.
CESC Share Price Graph
The CESC Share Price Graph is attached below:
Company Financials for Analyzing CESC Share Price
After CESC Share Price Graph, let’s have a look at the company financials. CESC is a Mid Cap company which has a market cap of Rs.9080.16 Crore operating in the Power sector. CESC Limited’s key Products or Revenue Segments include Electricity which contributed Rs.7595.12 Crore to Sales Value which is 97.55 % of Total Sales. Other Operating Revenue of this company which contributed Rs.190.72 Crore to Sales Value which is 2.44 % of Total Sales for the year ending 31st March 2018.
For the quarter ended 30th September 2018, CESC has reported Standalone sales of Rs.2220.00 Crore, which is up 2.83 % from last quarter’s Sales of Rs.2159.00 Crore and also which is up 6.32 % from last year’s same quarter Sales of Rs.2088.00 Crore. This company reported a net profit after tax of Rs.271.00 Crore in the latest quarter. CESC has a total of 132,557,043 shares outstanding.
The Board of Directors of the company :
- Sanjiv Goenka is the Chairman of this company.
- Pradip Kumar Khaitan is the Director of the company.
- Chandra Kumar Dhanuka is one of the Directors of this company.
- Pratip Chaudhuri is the Director of the company.
- Aniruddha Basu is the Managing Director of this company.
- Brij Mohan Khaitan is the Director of the company.
- Rekha Sethi is the Director of this company.
- Kalaikuruchi Jairaj is another Director of the company.
Name of the Shareholders Holding more than 1% of the Total No of Shares
- Life Insurance Corporation of India.
- ABU DHABI INVESTMENT AUTHORITY – LGLINV.
- HDFC Trustee Company Limited-HDFC Equity Fund.
- Reliance Capital Trustee Company Limited Account Reliance Growth Fund.
- Rochdale Emerging Markets-Mauritius.
- Foreign Nationals.
- Franklin Templeton Mutual Fund Account Franklin India Prima Fund.
- ICICI Prudential Equity Arbitrage Fund.
- Overseas corporate bodies.
- Dsp Blackrock Equity Opportunities Fund.
- Non-Resident Indian (NRI).
- Unclaimed or Suspense or Escrow Account.
- Clearing Members.
News of the Company
Finally, this is the last part of the content CESC Share Price Graph And News. In the dated 17th January 2019, the S&P BSE Power index was trading 0.10 per cent up at Rs.1966.07. Buy CESC Limited at a price target of Rs.801 on 09th January 2019. In the dated 08th January 2019, CESC is expecting an annual revenue of around Rs.1,700 crore from the segment. This company also informed BSE regarding the Loss of a Share Certificate or Issue of a Duplicate Share Certificate on 04th January 2019.
Final Thoughts about CESC Share Price
The Cesc share price has risen significantly since mid-2020, and the company’s long-term prospects remain positive. Investment in Cesc is relatively low risk as the company enjoys considerable customer loyalty and boasts a strong balance sheet and healthy cash flow. Despite current market volatility, investors interested in lower-risk stocks should consider investing in Cesc for stable returns over the longer term.