{"id":395264,"date":"2021-01-14T11:45:59","date_gmt":"2021-01-14T06:15:59","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=395264"},"modified":"2021-01-14T11:45:59","modified_gmt":"2021-01-14T06:15:59","slug":"cesc-decides-to-consolidate-power-distribution-business","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/cesc-decides-to-consolidate-power-distribution-business\/","title":{"rendered":"CESC decides to consolidate power distribution business"},"content":{"rendered":"<p>Power utility CESC, the flagship of RP-Sanjiv Goenka Group, has decided to consolidate its power distribution business, other than in its operations in Kolkata and adjoining areas, under a wholly-owned subsidiary of the company.<\/p>\n<p>Eminent Electricity Distribution, the wholly-owned subsidiary of CESC, become a subsidiary of the company with effect from July 1, 2019. In a stock exchange filing on Wednesday, the power utility said its board has decided to \u201creorient and reorganize\u201d the power distribution business of the company under Eminent Electricity Distribution, as its distribution arm and, over some time and subject to applicable laws, consolidate in Eminent all investments of the company in distribution business (other than in its operations in Kolkata and adjoining areas).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Power utility CESC, the flagship of RP-Sanjiv Goenka Group, has decided to consolidate its power distribution business, other than in its operations in Kolkata and adjoining areas, under a wholly-owned subsidiary of the company. Eminent Electricity Distribution, the wholly-owned subsidiary of CESC, become a subsidiary of the company with effect from July 1, 2019. In a stock exchange filing on Wednesday, the power utility said its board has decided to \u201creorient and reorganize\u201d the power distribution business of the company under Eminent Electricity Distribution, as its distribution arm and, over some time and subject to applicable laws, consolidate in Eminent [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,240,138],"tags":[],"class_list":["post-395264","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/395264","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=395264"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/395264\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=395264"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=395264"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=395264"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}