Latest News | CESC Collects 82 Pc of Its Electricity Bills Digitally
Get latest articles and stories on Latest News at LatestLY. CESC Ltd, RP Sanjiv Goenka's flagship company, on Tuesday said it has seen a tremendous increase in digital payments, with 82 per cent of its total revenue from electricity bill collection coming from online mode.
Kolkata, Jul 11 (PTI) CESC Ltd, RP Sanjiv Goenka's flagship company, on Tuesday said it has seen a tremendous increase in digital payments, with 82 per cent of its total revenue from electricity bill collection coming from online mode.
The company provides a discount of one per cent for digital payment.
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"Thanks to a wide variety of user-friendly online payment options, 74.5 per cent of (total 3.5 million) consumers made online payments in 2022-23, which constituted almost 82 per cent of total revenues," its chairman Sanjiv Goenka said in a message to investors.
CESC provided over 1,06,101 new connections in 2022-23.
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West Bengal Power Minister Aroop Biswas had slammed the power during the recent heat waves for a series of power disruptions under its command area.
Distribution of electricity, with its own generation facilities, across its licensed area is in Kolkata, Howrah, Hooghly, North and South 24 Parganas districts.
With a return to normalcy in 2022-23, your company's system demand grew at 8.7 per cent during the year to 11,175 million units (MU) in 2022-23, the RP Sanjiv Goenka group chairman said.
Electricity demand in 2022-23 surpassed the pre-Covid level of 11,024 MU in 2019-20.
Despite electricity tariffs remaining unchanged during the year, your company's total income on a standalone basis (revenue from operations plus other income) increased by 9 per cent to Rs 8,153 crore in 2022-23.
Operating costs increased during the year, largely on account of high fuel costs. Profit after tax (PAT) increased by about 2 per cent to Rs 830 crore.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)