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CESC average Electricity tariff for 2015-16 remains flat

CESC Managing Director Aniruddha Basu told PTI that average tariff for 2015-16 remained same at Rs 6.97 a unit as cleared by state regulator.

CESC lines up Rs 3,000cr for renewables, acquisitions on radar

CESC lines up Rs 3,000cr for renewables, acquisitions on radar

Power utility CESC, which is increasingly focusing on renewable energy, has decided to pump in Rs 3,000 crore over 18 months to expand its capacity in this area to 500 MW.

Spencer's demerger plan from CESC hinges on break-even

The demerger of Spencer's Retail from RP-Sanjiv Goenka Group's flagship company CESC Ltd to unlock its value hinges upon break-even of the retail chain, a top official said.

Power stocks surge as DERC approves tariff hike

Shares of power companies moved higher, surging as much as 4 percent today, after the Delhi Electricity Regulatory Commission (DERC) approved tariff hike for in Delhi region FY15. CESC climbed 3.85 percent, while Adani Power gained 3.28 percent and Tata Power rose by 3.53 percent on the BSE.

CESC adds 1.15 lakh new customers in 2013-14

"CESC had given 1.40 lakh new connections," a CESC statement said. But, the net addition is 1.15 lakh considering disconnections during the year, a CESC official said.

Spencer's demerger from CESC after Q3 FY14, to pump in Rs 50cr

The demerger of Spencer’s, the RP Sanjiv Goenka Group’s retail arm, from CESC would not be carried out before the third quarter of 2013-14.

Firstsource Q2 net up 67.5% at Rs 36 cr, stock down 13%

The company, which got a new majority holder in RP- Sanjiv Goenka Group firm CESC on Thursday, had posted a Rs 21.5 crore profit for the corresponding period last fiscal.

CESC stock slumps 15.3% on Firstsource Solutions deal

Power company CESC scrip dropped by over 18 percent after the company offered to buy 49.5 percent stake in Firstsource Solutions for Rs 394.9 crore in an all cash deal through its wholly-owned subsidiary SpenLiq.