India’s CESC posts rise in Q4 profit as demand for electricity grows

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Key Points

Consolidated net profit for the quarter ended March 31 increased to 4.33 billion rupees ($52.95 million), compared with 4.24 billion rupees a year earlier, the RP Sanjiv Goenka Group flagship company said in an exchange filing...

Indian power generation and distribution company CESC Ltd reported a 2.1% rise in quarterly profit on Monday, aided by higher electricity output ahead of summer...

WHY IT MATTERS Indias power generation grew at the fastest pace in over three decades in the year ended March 2023, a Reuters analysis of government data showed, fuelled by a record rise in output from both coal-fired and renewable plants...

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