Power thieves are dragging down one of India’s oldest power utilities
19 hours, 1 minute ago

Power thieves are dragging down one of India’s oldest power utilities

Live Mint  

CESC Ltd’s shares are down about 10% over the past three trading sessions. The power generation and distribution company’s consolidated revenue and Ebitda were nearly unchanged at ₹3,861 crore and ₹910 crore, respectively. The company’s electricity generation business, with a total capacity of 2.1 GW, performed better with higher capacity utilization and better pricing for power sold through the exchanges. Malegaon, accounting for about 5% of CESC’s Q3 revenue, recorded higher T&D losses than the company’s distribution businesses in Noida and Kolkata largely due to power theft. A dim shade of green CESC is among India’s oldest power sector utilities but has lagged behind rivals in its renewable initiatives.

India Power Revenue Malegaon Distribution Cesc Regulatory Income  crore  revenue  oldest  companys  q3  losses  power  malegaon  earnings  utilities  distribution  indias  higher  dragging  thieves

History of this topic

Indian power company CESC’s Q3 profit falls amid higher tax expenses
4 days, 15 hours ago

Indian power company CESC’s Q3 profit falls amid higher tax expenses

Live Mint  

BENGALURU - India's CESC, a power generation and distribution company, reported a fall in third-quarter profit on Friday, due to higher tax expenses and lower regulatory income. Regulatory income, which includes adjustments related to fuel cost, purchase of power and other fixed costs, fell to 3 billion rupees from 5.6 billion rupees a year ago. KEY CONTEXT CESC's revenue for …

Proposed privatisation: Power men in U.P. to wear black armbands in protest
1 month ago

Proposed privatisation: Power men in U.P. to wear black armbands in protest

Hindustan Times  

Electricity department employees, including engineers, across Uttar Pradesh will wear black armbands on Tuesday in protest against the proposed privatisation of two power distribution companies, demanding a thorough review of the privatisation experiments in Agra and Greater Noida before implementing similar measures elsewhere. Power employees are demanding a thorough review of the privatisation experiments in Agra and Greater Noida before …

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