Sanjiv Goenka, vice-chairman, CESC explains to CNBC-TV18 that investors' concerns about the company's foray into the BPO and retail sectors complement the company's core-business of power generation.
Sanjiv Goenka of CESC told CNBC-TV18 the company will acquire 49.5% equity in FirstSource Solutions for Rs 280 crore.CESC is scheduled to buy 5% each from three FirstSource shareholders including ICICI, Temasek and Fidelity. Thereafter, CESC would provide an open offer at Rs 12.10 per share.
Sanjiv Goenka, vice chairman, CESC said, CESC is open to investing in back-end infrastructure of its unlisted retail subsidiary Spencer's.
Sanjiv Goenka, vice chairman of CESC, said that the power sector still continues to be a good play but power projects are not a good play to begin with. As far as Ultra Mega Power Projects are concerned, Goenka said that the company may partner with Shanghai Electric for the same.
Sanjiv Goenka, the younger son of billionaire industrialist Rama Prasad Goenka, today unveiled a new corporate identity for the companies controlled by him.
Power utility CESC is looking to sell a 20% stake in the special utility vehicle called Haldia Energy. The SPV will house three projects one each at Chandrapur, Haldia project and the Orissa.