RNS Number:0108A
CESC Limited
29 October 1999


                                 CESC LIMITED

                    Unaudited Financial Results (Provisional) 
                   for three months ended 30th September, 1999

                                  Three months     Three months       Year
                                         ended            ended      ended      
                                      30.9.99          30.9.98    31.3.99  
                                    (Unaudited)     (Unaudited)  (Audited)
                                      Rs.Crore        Rs.Crore     Rs.Crore

1.   Net Sales                            457             412         1625      

2.   Other Income                          19              20           76

     Total                                476             432         1701

3.   Total Expenditure                    354             383         1340

4.   Interest                              97              74          296

5.   Gross Profit/(Loss) after
     interest but before
     Depreciation and Taxation             25             (25)          65 

6.   Depreciation                          49              47          193

7.   Provision for Taxation                 0               0            0

8.   Net Profit/(Loss)                    (24)            (72)        (128)

9.   Paid-up Equity Share Capital          58              53           58

10.  Net Reserves (excluding Revaluation
     Reserve of Rs.1409 crore) as per
     Balance Sheet of the previous
     accounting year                                                   456

Notes:  

1.  Interest charge for the quarter ended 30.9.99 includes Rs.17 Crore          
   consequent upon commencement of commercial generation of Unit 2 of Budge     
  Rudge Power Station from July 1999.  Net Sales include Rs.11 Crore            
 recovered by way of special appropriation following latest tariff revision.

2.  The Company is Year 2000 (Y2K) ready in all its mission critical areas of   
   operation.  The Company, however, continues to depend on the Year 2000       
  (Y2K) preparedness status of external agencies viz. utilities, telecom,       
 ports, communication, transportation, banks etc.  An amount of                 
approximately Rs.3 Crore has been incurred on the remedial effort.

                   
END


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