CESC registers 18 per cent increase in profits in 2007-08

Kolkata, Jul 30 (UNI) Calcutta Electric Supply Corporation (CESC) Limited registered around 18 per cent increase in profits in the last fiscal, while the total income during the period grew by about 14 per cent.

Stating this here today, CESC vice-chairman Sanjiv Goenka said the ''positive growth'' was achieved mainly due to further improvement in operational efficiency across the company.

'' During 2007-08, the generating stations sent out higher volume of power, distribution loss dropped further, sales volume to all consumer segments recorded a growth and interest payout was lower- all of which resulted into the improved results, '' Mr Goenka observed.

He said during the year the volume of sales recorded by the company was 6948 million units - a growth of eight per cent compared to 2006-07.

'' Significantly, all segments of both high tension and low tension consumers contributed to the above growth. Overall, sales volume to high tension consumers recorded an increase of ten per cent, while the rate was seven per cent for low tension consumers, '' Mr Goenka observed.

He informed that in the wake of the improved performance, the company had also recommended payment of equity dividend for the year at a rate of 40 per cent amounting to Rs 49.97 crore.

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