CESC’s new distribution licence for Chandigarh to bolster revenues

CESC, a Kolkata-based RP-Sanjiv Goenka Group company, has received its sixth distribution licensing area outside Kolkata in Chandigarh — expanding the power utility’s distribution footprint and giving it an additional revenue stream.

CESC’s wholly-owned subsidiary, Eminent Electricity Distribution, emerged as the highest bidder after acquiring a 100% stake in the power distribution company of Chandigarh.