CESC

On the bourses, shares of Adani Power, Adani Transmission, CG Power, NHPC, NTPC, and Adani Green Energy have surged up to 61 per cent so far in FY23, ACE Equity data shows

The list includes generation units of state-owned NTPC, and privately owned units of Tata Power, Adani Power, CESC, Hindustan Power

Power utility CESC Ltd on Saturday received a rare honor--IEEE Milestone which is only the third for an Indian contribution after Jagadish Chandra Bose and Nobel Laureate C V Raman, the company said.

Shares of the electric utilities company traded with heavy volume, as it surpassed its previous all-time high registered almost 3 years ago.

The stock of BSE has witnessed a decent correction from 1,400 level and has bottomed out at 1,070, near the significant 50EMA level of 1,065, and is showing signs of reversal

Cadila Healthcare's stock has taken base near Rs 600 levels on two occasions recently, forming a good support zone

The company intends to improve the liquidity of its shares in the stock market by reducing the nominal value of the shares through the process of subdivision

SBI Board is slated to meet on June 21 to consider a fundraising plan for FY22

Power utility CESC Ltd on Wednesday reported a 25-per cent on-year rise in consolidated net profit to Rs 328 crore for the December quarter.

KPMG's exit from the mandate means the entire process will now start afresh, led by RInfra itself

State readies initial fund of Rs 1,000 crore for relief and restoration work

Clouding the valuation will be dues to generation firms and a possible CAG audit

Shashwat Goenka inducted to the board of CESC as its vice-chairman and additional director, subject to the necessary approvals

CESC transferred the retail undertaking business into RP- SG Retail and of the IT undertaking into RP- SG Business Process Services.

Though split of power segment is still awaited, separate listing of retail and other businesses will help unlock value

On account of lower own generation, its cost of electricity purchase increased 7.72 per cent to touch Rs. 8.37 billion

The CESC scrip touched its all-time high on the BSE on Monday closing at Rs. 1020.15 apiece, up by 6.65 per cent than the last closing. On August 29, last year, the company's shares were valued at Rs. 649.90, which is 57 per cent lower than its current valuation.Analysts opined that the rise is primarily on account of the clarity over the demerger date which is expected to be October 1 with the company expected to complete the due diligence process by the end of September."As a result of the demerger, the value which will be unlocked will be very high. The shareholders previously were unsure on the date on which it'll happen. Now, since there is some clarity and October 1 is the expected date of demerger, its shareholders are reacting positively", Rupesh Sankhe, research analyst with Reliance Securities told Business Standard.Sankhe further reasoned that when the company had announced the demerger process, its scrip had touched Rs. 988.30 in May this year but then hovered around Rs. ..

The CESC stock tanked 15% to Rs 829.80 on Thursday

RP-Sanjiv Goenka Group's flagship company, CESC Ltd, on Thursday announced restructuring of the company's business verticals into four distinct companies which will be listed on the country's bourses by October 1 this year.As per the demerger, the group's power business will be divided into two - generation and distribution while its retail arm, led by Spencer's Retail will become the third company. The rest of the company's business verticals, which includes its BPO arm, Firstsource Solutions, sports division, New Rising Promoters, the real estate wing, Quest Properties India, the FMCG division, Guiltfree, and others will form the fourth entity.The group's current flagship company, CESC Ltd, will take over the distribution business while the other three companies will be listed on BSE, NSE and the Calcutta Stock Exchange.The generation wing will be named Haldia Energy Ltd while the retail division will be christened RP-SG Retail Ltd. The entity which will have the rest of the ...

This is expected to drive the future growth of the flagship company of the RP-Sanjiv Goenka Group