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CESC reports 1% drop in net profit at Rs.292 crore

CESC, has acquired a 100% stake in Purvah Green Power Private Limited.

CESC has posted 1% fall in its standalone net profit at Rs.292 crore, for the quarter ended March 31,2018.

The company’s standalone net profit, for the same period last year was reported at Rs.295 crore. The company’s standalone total income was Rs.1,843 crore, in the quarter under review. Last year, in the same quarter the company’s standalone total income was Rs.1,631 crore.

Further, the board has appointed Debasish Banerjee as Managing Director (Distribution) and Rabi Chowdhury as Managing Director (Generation) of the company, each for a period of five years with effect from May 28,2018. Both have been appointed by the board as additional directors of the company.

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