CESC Limited, through its subsidiary Purvah Green Power Private Limited, has entered into a binding term sheet with Ecoren Energy India Private Limited for the establishment of a wind power project with a capacity of up to 686.85 MW. This project will be developed in partnership with Ecoren Energy, an unrelated Indian company, with no connections to CESC’s promoter group.
The wind power project is expected to be commissioned within three years, pending necessary licenses, permits, and approvals from various authorities. Additionally, the execution of civil, electrical, and other related works will be required to bring the project online.
Despite this positive announcement, CESC shares were down 4.07%, trading at ₹184.5 on the National Stock Exchange (NSE) as of market close. The market response may reflect broader concerns or trends impacting the stock in the short term. However, the long-term potential of this wind power project could be a significant boost for the company’s renewable energy portfolio.
