CESC plans to rejig business
CESC Ltd is taking another shot at consolidating its power distribution business under one umbrella — but with a twist — after aborting such a plan more than two years back.
The board of the company, the flagship of the RP-SG Group, met on Wednesday to approve a plan to ‘reorient and reorganise’ the power distribution business under a wholly owned step down subsidiary, Eminent Electricity Distribution Ltd, sans the Calcutta licence area.
Under the present plan, three distribution franchisees in Rajasthan — Kota, Bharatpur and Bikaner — and one each in Maharashtra (Malengaon) and Uttar Pradesh (Noida) will be put under Eminent, apart from any other distribution business that may come up in the future.
