CESC to lay thrust on distribution to sustain growth

Jul 31 2014, 00:02 IST
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SummaryCESC, the 1,225-mw company that’s implementing projects totaling 6,120 mw, plans to lay special thrust on the distribution segment to sustain growth.

CESC, the 1,225-mw company that’s implementing projects totaling 6,120 mw, plans to lay special thrust on the distribution segment to sustain growth. The company, which has already committed heavy investments in generation, envisages low returns from the segment, which could adversely impact its bottomline.

The RP Sanjiv Goenka Group is looking to shift focus from revenue to bottomline, assets, debt-to-equity ratio and cash surpluses, for which the group’s flagship company, CESC, needs to ensure constant cash flows.

Goenka, after CESC’s 36th annual general meeting, told reporters that there were big opportunities emerging in the distribution segment. “We have engaged BCG to do a study on which city will be good. Where should we go to bid for distribution licenses,” he said.

The study aims at finding out “which segment of the power business we should go now, growth projections in various segments of power business including solar and hydro and how to be a preferred customers’ supplier by enhancing customer services,” Goenka said.

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