CESC Ltd.

NSE: CESC | BSE: 500084 | ISIN: INE486A01013 |Industry: Electric Utilities
|Turnaround Potential

CESC Ltd.    
07 Jan 2019
763.15
0.62%
Motilal Oswal
7 January 2019 Maharashtra DISCOM recently concluded auction of two distribution circles under the distribution franchisee (DF) model. The license is for 20 years, extendable by 10 years. More than 80% of the energy supply is to industrial/commercial customers. Based on preliminary data, Malegaon circle is equal to CESCs Kota distribution franchisee circle in terms of input energy. The input energy was 677MU and AT&C; losses stood at 47%. The input energy was 677MU and AT&C; losses stood at 47%. The contract is for 20 years, extendable by 10 years. The circle is adjacent to Torrents existing Bhiwandi operations. In terms of input energy, the circle is ~20% of size of its Bhiwandi operations. The winning bidder is selected on the price of input energy it will pay the DISCOM. DF has no role in fixing tariff (it is determined by the regulator for the DISCOMs operating area).
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CESC Ltd. has gained 16.83% in the last 1 Month
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