CESC Limited, a leading player in the power sector, saw its shares increase by 5.51% to ₹186.63 following the announcement of a new venture. The company revealed that its subsidiary, Purvah Green Power Private Limited, has established a wholly-owned subsidiary, Ecofusion Power Private Limited.
Key Details:
- New Subsidiary: Ecofusion Power Private Limited
- Date of Incorporation: August 19, 2024
- Purpose: To explore opportunities in the renewable power sector
Company Background:
- Established: 1978
- Primary Operations: Generation and distribution of electricity
- Coverage Areas: Kolkata, Hooghly, Howrah, North and South 24 Parganas in West Bengal
- Consumer Base: Approximately 3.4 million across domestic, industrial, and commercial sectors
CESC, a flagship company of the RP-Sanjiv Goenka Group, is India’s first fully integrated electrical utility with private participation in all facets of power, including generation, transmission, and distribution.