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WIKI ANALYSIS
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Business Overview
Reliance Energy (BSES) was incorporated in 1929 as Bombay Suburban Electric Supply. With Reliance`s aggregate shareholding of 53.38%, the company`s name was changed to the present one.
The company`s principal activity is to generate, transmit and distribute electricity. It also provides electrical contracting, engineering, procurement and construction contracts and computer services. BSES has recently entered the broadband business. Subsidiary companies of the BSES group include; ST-BSES Coal Washery, BSES Infrastructure Finance, Utility Powertech, Ticapco, BSES Telecom, BSES Kerala Power, BSES Andhra Power, three new companies of Orissa, and a wind farm project in Karnataka. BSES and its subsidiaries provide electricity services to more than 2.7 million consumers in an area covering about 123,000 sq. km. with an estimated population of about 34 million. BSES holds an exclusive license to distribute power to users in Mumbai`s northern suburb upto 2011.
It has also entered into a JV with the Government of Delhi, for supplying power to major areas of Delhi as it only supplies to urban areas. BSES operates a state-of-the-art 500 MW thermal power station at Dahanu near Mumbai and supplies power to the company`s own distribution grid. Its distributions include Orissa`s distribution companies and a part of Rajasthan`s distribution system. It provides consultancy services to Goa power department and Andhra Pradesh State Electricity Board.
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