Business   

CESC pays Rs.4

KOLKATA: Power utility company CESC ended 2010-11 with a 12.7 per cent increase in its net profit which touched Rs.488 crore on a 19 per cent higher turnover of Rs.3,293 crore on the back of a 7.1 per cent increase in sales by volume. Generation increased by 12 per cent with the commissioning of the third unit at Budge Budge which enabled the company to meet the 7 per cent increase in demand despite the reduction in electricity import.

However, the units commissioning also jacked up depreciation and interest cost for this RPG enterprise. The board of CESC has recommended a dividend of Rs.4 per share maintaining it at last year's level.

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

Manmohan to review performance of infrastructure ministries on July 1
Bharti restructure will have minimal impact on jobs
Mukherjee to discuss surge in capital flows at U.S. meet
Gems and jewellery exports up 33.5 %
Harish Manwani is Unilever COO
CESC pays Rs.4
NMCE, FMC organise stakeholders meet
Ayurveda outlets planned
Max Bupa Health launches operations
Bullion Rates

Copyright © 2011, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu