Shares of CESC are likely to remain in focus after its subsidiary Purvah Green Power Private Limited received and accepted a Letter of Award (LoA) from REMC Limited for setting up grid-connected renewable energy power projects to supply 180 MW of round-the-clock power.
According to the regulatory filing dated December 24, 2025, the project was awarded through open competitive bidding and will involve renewable energy generation with or without storage systems. The contract has been awarded by a domestic entity, REMC Limited.
As per the details disclosed, the project will supply 180 MW RTC power at a tariff of Rs 4.35 per kWh, with a contract tenure of 25 years from the date of commissioning. The order does not fall under related-party transactions, and neither the promoter nor promoter group has any interest in the awarding entity.
The development strengthens CESC’s renewable energy portfolio through its subsidiary and adds long-term contracted capacity under stable tariff structures. The company confirmed that the Letter of Award was issued on December 23, 2025, and formally acknowledged and accepted on December 24, 2025.
The announcement comes at a time when utilities continue to scale renewable capacity to meet long-term power demand and round-the-clock supply requirements.
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