Two CESC licences in Rajasthan post profit
CESC Ltd has been able to turn around two of its three distribution franchise licences in Rajasthan within four years of taking over the operation even as the largest of the pack continues to struggle.
The company, which holds a licence for electricity in Calcutta and the adjoining areas, won bids for Kota, Bharatpur and Bikaner in 2016 as the flagship of RP-SG Group shifted its focus from power generation to distribution.
While the Bhratpur operation met with success within the second year of full operation, Bikaner turned the corner in the last fiscal, the latest annual financial statement shows. Kota, the largest DF among the three, however, slipped further.
