Nashik: The Calcutta Electric Supply Company (CESC) that took over the power distribution franchise in the textile town of Malegaon on March 1, has suffered a loss of Rs 200 crore, the company claimed on Monday.
According to CESC’s chief operating officer (Malegaon) Biplab Paul, the electricity loss proposed at 50 per cent have turned out to be 65 per cent in Malegaon town and the company has already taken up measures to improve the power supply conditions for the residents. “The total amount of loss put together is Rs 200 crore till now,” he said.
“These are one of the most trying periods for us especially when the people are under financial stress and at the same time the theft of power is increasing adding to the losses. We have now started taking action against those stealing power,” he added.
