94GL Bk. America 30

RNS Number:7946Q
CESC Ld
12 September 2000



                       PRELIMINARY ANNOUNCEMENT

The following is a preliminary announcement of the result of the
Company's operations for the year ended 31st March, 2000:

FINANCIAL RESULTS
                                             1999-2000             1998-1999
                                                        Rs. lakhs

Profit before Depreciation                   126,57.04              65,20.93
Depreciation                                (198.02.80)           (193,28.90)
Loss before Special Appropriation            
 Adjustment and Contingencies 
 Reserve Appropriation                       (71,45.76)           (128,07.97)
Special Appropriation Adjustment             (41,51.81)            (16,65.78)
Appropriation to Contingencies Reserve       (11,25.00)             (7,15.00)
Loss after Special Appropriation adjustment 
  and Contingencies Reserve Appropriation   (124,22.57)           (151,88.75)
Deficit brought forward from previous year  (130,32.24)                 -
Transfers from / (Appropriations to)
   General Reserve                              632.67               9,56.51
   Debenture Redemption Reserve                (507.67)             12,00.00
   Capital Redemption Reserve                  (125.00)                 -
Deficit carried to Balance Sheet            (254,54.81)           (130,32.24)



No dividend has been recommended by the Board of Directors on the paid-up
share capital of the Company as on 31 March, 2000. As already advised,
the Register of Members of the Company at Calcutta will remain closed
from 1st September, 2000 to 23rd September, 2000, both days inclusive,
and during this period registration of transfer of shares will remain
suspended.

We would further advise that the Twenty-second Annual General Meeting of
the Company will be held on Monday, 25 September, 2000 at 'Science City
Main Auditorium', JBS Haldane Avenue, P.O. G. K. Road, Calcutta 700 046.

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