ICICI Securities Ltd | Retail Equity Research CESC reported better than expected Q2FY17 results on the back of higher than expected sales and lower fuel costs. Net sales came in at | 2016 crore as per the new Ind AS. This is higher as compared to the estimates of |1780 crore. The reason for higher than expected revenues came can be attributed to higher purchase of power from its subsidiary Haldia Energy. CESC's own generation was down 13.2% YoY while power purchase went up 59% YoY....