{"id":372904,"date":"2020-09-10T10:27:39","date_gmt":"2020-09-10T04:57:39","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=372904"},"modified":"2020-09-10T10:27:39","modified_gmt":"2020-09-10T04:57:39","slug":"covid-19-cyclone-amphan-batter-cesc-subsidiaries-hold-out-hope","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/covid-19-cyclone-amphan-batter-cesc-subsidiaries-hold-out-hope\/","title":{"rendered":"Covid-19, cyclone Amphan batter CESC, subsidiaries hold out hope"},"content":{"rendered":"<p>Covid-19 and cyclone Amphan hit CESC Ltd\u2019s performance in the June quarter. Standalone revenue, which largely reflects the Kolkata electricity distribution business, slumped 32.8% as the cyclone aggravated the demand slump. Sales volumes dropped 30.7%.<\/p>\n<p>The sharp fall in volumes impacted incentive income, pulling down the standalone net earnings by 38% from the year ago quarter.<\/p>\n<p>The company fared better on the consolidated level. Thanks to a new power off-take, contract utilisation levels at the long troubled Dhariwal power plant at Chandrapur, Maharashtra, improved. This helped the power plant report a profit compared to a loss in the year ago quarter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Covid-19 and cyclone Amphan hit CESC Ltd\u2019s performance in the June quarter. Standalone revenue, which largely reflects the Kolkata electricity distribution business, slumped 32.8% as the cyclone aggravated the demand slump. Sales volumes dropped 30.7%. The sharp fall in volumes impacted incentive income, pulling down the standalone net earnings by 38% from the year ago quarter. The company fared better on the consolidated level. Thanks to a new power off-take, contract utilisation levels at the long troubled Dhariwal power plant at Chandrapur, Maharashtra, improved. This helped the power plant report a profit compared to a loss in the year ago [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,237],"tags":[],"class_list":["post-372904","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-power-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/372904","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=372904"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/372904\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=372904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=372904"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=372904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}