According to reports, the power generation company CESC plans for a major expansion, as its discussing with bosses abroad for the likely 'equity participation in its retail venture'.

Also, the discussion generated form in a committee of secretaries, suddenly giving an 'in-principle approval' to let about 51% foreign FDI in a multi-brand retail.

CESC vice-chairman Sanjiv Goenka said: "We are not going for PE funding in retail but with FDI likely to be allowed, it is a better option and we've got lots of properties tied up. In the next 30 months, we would definitely be at 2.5 million sq ft".

Hence, there are lots of properties held, and in the next 30 months, the company could be at 2.5 million sq ft, as coal prices increases, CESC has applied for a tariff hike of 34 paise for each unit before the State Electricity
Regulatory Commission.

Moreover, it is said to be the second hike this year, along with the 46 paise hike that CESC experienced in May and has being effective since the 1st of April, which is part of the 'Monthly Variable Cost Adjustment Mechanism' that lets power utilities to get back fuel cost hike on a monthly basis as well as filing for reconciliation in the annual tariff hike application before SERC.