RP-Sanjiv Goenka Group may reorganise power biz

\ Kolkata, Oct 27 (PTI) The Rs 32,000 crore RP Sanjiv\Goenka group is evaluating the possibility of re-organising\its power business facilitation consolidation of generation\and distribution units.\ \\"The consultant is yet to give the final report and we\haven\\’t taken a final call,\\" RP Sanjiv Goenka group chairman\Sanjiv Goenka said.\ \\"We see merit in having all generating units together.\And distributions can come under a separate umbrella. I\personally don\\’t see the logic of my distribution business in\Rajathan or distribution is Noida under separate companies,\\"\Goenka said.\ I now need separate management and multiple CFOs or\MDs for each of these businesses, there could be probably\holding companies each for generation and distribution\businesses, Goenka pointed out.\ A group presentation shows six companies engaged into\power business having close to Rs 10,000 crore revenue. They\are: Haldia Energy, Dhariwal Infrastructure, Crescent\Power, Noida Power, Surya Vidyut and CESC Ltd.\ CESC has both generation and distribution rights in\Kolkata, parts of Howrah and Hooghly in West Bengal, Noida in\Uttar Pradesh, and distribution franchisee Kota and Bharatpur\in Rajasthan.\ Additionally, it has renewable capacity of about\100MW.\ Goenka did not respond when asked if evaluation of\re-organisation was restricted to power or other business.\PTI BSM\MD\