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The company plans 3.2 GW of new renewable energy capacity, including wind and solar, but these projects are still in the development phase.
CESC's total income for the December quarter rose to Rs 3,301 crore from Rs 3,224 crore in the year-ago quarter
The company's consolidated net profit had stood at Rs 209 crore in the corresponding quarter of the previous financial year 2020-21.
Total income in the fiscal stood at Rs 11,874 crore, compared with Rs 12,378 crore a year ago.
The Kolkata-based power utility's fuel and interest costs lowered during the reporting period, while the cost for electricity increased.
The company had posted a consolidated net profit of Rs 366 crore in the corresponding period of last year, a BSE filing said.
Consolidated revenue from operations came in at Rs 2,344 crore for the quarter under review as against Rs 2,415 crore in the corresponding quarter a year ago, CESC said in a statement.
CESC's total income during the quarter was Rs 3257 crore against Rs 3007 crore in the corresponding period the year before.
According to the report, the company will also seek shareholders approval to get term loan of Rs 200 crore from Union Bank of India and Rs 300 crore each from State Bank of India and Bank of Baroda to part finance its capital expenditure.
The WBERC had in November last year asked CESC to submit an affidavit with the commission in this regard.
RP Sanjiv Goenka Group flagship CESC Ltd has secured a term loan of Rs 712 crore from four banks towards meeting capital expenditure and retiring long term debt
Maintaining new grid code for retaining power frequency is a daunting task for discoms in view of falling hydropower output, former National Hydro Power Corporation Ltd chairman Yogendra Prasad said here.
Power utility CESC Ltd said its power supply to consumers in some areas of the city could be affected tomorrow as it would carry out maintenance of the Kidderpore Distribution station.
Power utility CESC Ltd today posted 19 per cent rise in profit after tax to Rs 136 crore in the July-September quarter on the back of "better efficiency and cost management".
