CESC gains as its arm bags order from UPERC
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CESC is currently trading at Rs. 138.80, up by 1.85 points or 1.35% from its previous closing of Rs. 136.95 on the BSE.
The scrip opened at Rs. 139.00 and has touched a high and low of Rs. 140.50 and Rs. 138.40 respectively. So far 253703 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 142.15 on 09-Jan-2024 and a 52 week low of Rs. 62.25 on 27-Mar-2023.
Last one week high and low of the scrip stood at Rs. 142.15 and Rs. 134.85 respectively. The current market cap of the company is Rs. 18418.80 crore.
The promoters holding in the company stood at 52.11%, while Institutions and Non-Institutions held 33.21% and 14.68% respectively.
CESC's subsidiary -- Noida Power Company has received an order from the Uttar Pradesh Electricity Regulatory Commission (UPERC), approving the Power Purchase Agreement for procurement of power of 95 MW RTC Power per annum for a period of 5 years. UPERC is neither related to the promoter/promoter group/group companies and nor a related party.
CESC is engaged in power generation and distribution in state of West Bengal. The company is a fully integrated power utility with its operation spanning the entire value chain right from mining coal, generating power and distribution of power.
