Apart from the company chairman, Mr R. P. Goenka, and vice-chairman, Mr Sanjiv Goenka, CESC Ltd now has another Goenka on its rolls.
Having earned a bachelor’s degree in economics from Wharton last month, Mr Sanjiv Goenka’s 22-year-old son, Shashwat Goenka, has joined the power sector utility as a general manager.
CESC is the flagship company of the Rs 9,000-crore turnover RP-Sanjiv Goenka group, carved out of the RPG Enterprises in 2011. Mr Sanjiv Goenka is chairman of the new group.
“Shashwat is getting hands-on training in various departments,” Sanjiv Goenka told newspersons here on Thrusday.
Meanwhile CESC today declared a 13 per cent rise in profit after tax during the quarter ended June 30, compared with the same period last year. The higher profits came on the back of a 25 per cent rise in net sales.
Mr Sanjiv Goenka said the company was lining up a Rs 1,500-crore investment plan to augment distribution capacity in Kolkata and Howrah over the next few years.
The greenfield generation projects of 600 MW each, at Chandrapur, in Maharashtra and Haldia, in West Bengal, will go on stream by November 2013 and November 2014.