Kolkata, May 18 (IANS): Power utility CESC Ltd, a flagship company of RP-Sanjiv Goenka Group, on Thursday announced a business restructuring scheme based on demerger of certain existing businesses.
“This (the restructuring scheme) will lead to four entities focusing on generation, distribution, organised retail and other ventures,” Group Chairman Sanjiv Goenka said.
All four entities will be listed with stock exchanges and the appointed date is October 1, he said.
The business restructuring scheme aims to simplify the present corporate structure, Goenka said.
He said that after the demerger, one company will house all the power generation which is now at 2,550 MW while CESC Ltd will handle power distribution business in Kolkata, Noida, Bik…
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