CESC | Business Upturn

CESC reports audited financial results for Q4 and fiscal year ending March 2026

Kinjal — Wed, 06 May 2026 17:19:37 +0000

CESC has announced its audited financial results for the fourth quarter and the fiscal year ending March 31, 2026. The company’s Board of Directors approved these results during a meeting held on May 6, 2026. The financial statements, both standalone and consolidated, were reviewed by the auditors and presented in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The auditors provided an unmodified opinion on the financial results, affirming that the statements give a true and fair view of the company’s financial performance and position. The audit was conducted in accordance with the Standards on Auditing specified under the Companies Act, 2013.

In addition to the financial results, the Board also approved the continuation of Mr. Paras Kumar Chowdhary as a Non-Executive/Independent Director. Mr. Chowdhary, who will turn 75 on October 1, 2026, will continue in his role subject to approval at the upcoming Annual General Meeting. This decision was based on the recommendation of the Nomination and Remuneration Committee.

The meeting of the Board of Directors commenced at 3:00 p.m. and concluded at 5:45 p.m.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

CESC reports 9% revenue growth to Rs 18,570 crore in FY26

Business Desk — Wed, 06 May 2026 16:16:56 +0000

CESC Limited has announced a 9% year-on-year increase in its consolidated revenue, reaching ₹18,570 crore for the financial year 2026. The company’s profit after tax (PAT) also rose to ₹1,618 crore from ₹1,429 crore in the previous fiscal year.

In the fourth quarter of FY26, CESC‘s consolidated revenue grew by 4% year-on-year to ₹4,096 crore, while PAT increased to ₹459 crore compared to ₹386 crore in Q4 FY25. The Kolkata distribution business achieved a significant milestone, reducing transmission and distribution (T&D) loss to an all-time low of 6.11% for FY26.

The company’s thermal generation segment reported strong operational performance, with major generating stations such as BBGS, Halida, and Dhariwal Thermal Power Plants (TPP) maintaining robust output. Notably, Haldia TPP achieved a plant load factor (PLF) of 94.9% in FY26, up from 91% in the previous year.

Noida Power Company Limited (NPCL) saw its revenue increase by 8% year-on-year to ₹3,001 crore, with PAT growing by 32.3% to ₹227 crore. The sales volume for NPCL stood at 3,888 million units (MU), marking an 8% year-on-year growth, while T&D loss was reduced to 6.9%.

Chandigarh Power Distribution Limited (CPDL) reported a sales volume of 1,746 MU, generating revenue of ₹1,007 crore and a PAT of ₹25 crore. The T&D loss for CPDL was reduced to 8.3% in FY26.

In the renewables sector, Purvah Green secured two new projects during the quarter, including a 300 MW hybrid project with CESC Kolkata and a 250 MW wind project with SECI. The 300 MW solar project with CESC Kolkata is currently in the commissioning stage.

CESC’s Rajasthan distribution franchise (DF) reduced its consolidated T&D loss to 11.4% in FY26 from 12.9% in FY25, with EBITDA increasing to ₹118 crore. Meanwhile, Malegaon DF achieved a reduction in T&D loss to 36.3% from 39.7% in the previous year, driven by vigilance drives and various loss reduction initiatives.

The company also reported significant savings in variable costs related to fuel and power procurement during the period.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Top losers today: CESC at ₹186.88 down 5.96%, emcure at ₹1,690.30 falls 5.74%, syngene at ₹451.40 slips 5.44%

Kinjal — Tue, 05 May 2026 10:06:07 +0000

The Indian equity markets faced a downturn today, with the Sensex dropping over 300 points and the Nifty slipping below the 24,050 mark, briefly touching under 24,000. This decline comes amid rising geopolitical tensions, particularly following Iran’s intensified attacks involving the United Arab Emirates, which have pushed Brent crude prices higher and dampened investor sentiment. Among the top losers, CESC, Emcure Pharmaceuticals, and Syngene International recorded significant declines.

Biggest decliners today

CESC emerged as the top loser, with its stock price falling 5.96% from its opening price of ₹199.00 to ₹186.88. The stock faced pressure throughout the session, hitting a low of ₹186.50. Emcure Pharmaceuticals also saw a substantial decline, with its shares dropping 5.74% to ₹1,690.30 from an opening price of ₹1,799.00. The pharmaceutical sector faced headwinds, contributing to Emcure’s downturn.

Syngene International, another notable loser, slipped 5.44% to ₹451.40. The stock opened at ₹480.85 and reached a low of ₹449.10. Voltas, a key player in the consumer durables sector, saw its shares fall 5.38% to ₹1,375.90. The company opened at ₹1,452.00 and touched a low of ₹1,360.00 during the trading session. Ola Electric Mobility also faced a decline, with its stock price down 5.14% to ₹34.54.

Sectoral patterns

The broader market decline was reflected across various sectors. Aarti Industries, part of the chemical sector, saw its shares decrease by 4.89% to ₹488.00. In the real estate sector, Godrej Properties’ stock fell 4.75% to ₹1,809.50. Sapphire Foods India, from the food services sector, recorded a 4.18% decline to ₹185.67. Kajaria Ceramics and IIFL Finance also faced losses, with their shares down 3.81% and 3.73%, respectively.

Stock	Open	High	Low	Current	Change %
CESC	199.00	199.89	186.50	186.88	-5.96%
Emcure Pharmaceuticals	1,799.00	1,830.00	1,675.00	1,690.30	-5.74%
Syngene International	480.85	480.85	449.10	451.40	-5.44%
Voltas	1,452.00	1,453.00	1,360.00	1,375.90	-5.38%
Ola Electric Mobility	36.49	36.71	33.55	34.54	-5.14%
Aarti Industries	513.05	513.10	475.55	488.00	-4.89%
Godrej Properties	1,920.00	1,920.00	1,805.40	1,809.50	-4.75%
Sapphire Foods India	191.91	193.12	184.24	185.67	-4.18%
Kajaria Ceramics	1,114.00	1,115.00	1,050.10	1,062.40	-3.81%
IIFL Finance	462.05	462.05	437.60	441.60	-3.73%

What this means for the market

The current market sentiment reflects the heightened geopolitical tensions and rising energy prices, which have contributed to cautious investor behaviour. As the session progresses, market participants will be closely monitoring global developments and their potential impact on the Indian economy. The focus will remain on geopolitical news and energy price movements, which are likely to influence market direction in the near term.

Data as on May 5, 2026, 03:36 PM IST.

Disclaimer: This article is generated for informational purposes only and does not constitute financial, investment, or trading advice. The data and analysis presented are based on publicly available market information at the time of writing. Markets are subject to risk. Please consult a qualified financial advisor before making any investment or trading decisions. Business Upturn does not accept responsibility for any losses arising from reliance on this content.

CESC signs power purchase agreements for 600 MW wind-solar hybrid projects

Yash Agarwal — Thu, 16 Apr 2026 13:34:53 +0000

CESC has entered into Power Purchase Agreements (PPAs) for a total of 600 MW from grid-connected wind-solar hybrid power projects. The agreements involve four companies: Vismaya Renewables India Project Private Limited, Hexa Climate Solutions Private Limited, Purvah Green Power Private Limited, and Sprng Energy Private Limited.

Each of the companies will supply 100 MW, except for Purvah Green Power, which will supply 300 MW. The agreements are set for a long-term period of 25 years, ensuring a stable supply of renewable energy. The applicable tariffs for these agreements are set at ₹3.75 per kWh for Purvah Green Power, Hexa Climate Solutions, and Sprng Energy, while Vismaya Renewables will supply at ₹3.74 per kWh.

Purvah Green Power is a subsidiary of CESC, making it a related party transaction. However, the company has clarified that the transaction is conducted on an arm’s length basis and follows a tariff-based competitive bidding process.

These agreements are a part of CESC’s strategic move to enhance its renewable energy portfolio, aligning with the guidelines set by the Ministry of Power, Government of India, for the procurement of power from grid-connected wind-solar hybrid power projects.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

CESC incorporates two new subsidiaries in renewable power sector

Yash Agarwal — Tue, 24 Mar 2026 14:36:10 +0000

CESC has announced the incorporation of two wholly owned subsidiary companies under its existing subsidiary, Purvah Green Power Private Limited. The two new entities, Purvah Ecoenergy Solutions Private Limited (PESPL) and Purvah Power Ventures Private Limited (PPVPL), were both incorporated on 24 March 2026.

Both PESPL and PPVPL have been established to explore opportunities in the renewable power sector. As newly incorporated companies, they do not yet have any turnover. The subscribed and paid-up capital for each of these subsidiaries is ₹1,00,000.

CESC holds an 87.99% stake in Purvah Green Power Private Limited, which in turn fully owns the newly established subsidiaries. The incorporation of these companies is part of CESC‘s strategic move to enhance its presence in the renewable energy sector.

These developments are in compliance with Regulation 30 of the SEBI Listing Regulations, 2015, as outlined in the company’s filing with the National Stock Exchange of India.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

CESC establishes wholly owned subsidiary Purvah Poweredge with Rs 1 lakh capital

Kinjal — Mon, 23 Mar 2026 14:19:52 +0000

CESC has announced the incorporation of a new wholly owned subsidiary, Purvah Poweredge Private Limited (PPPL). The new entity was established on 23 March 2026, under the umbrella of Purvah Green Power Private Limited, a subsidiary of CESC. The company has been set up with a subscribed and paid-up capital of ₹1,00,000.

PPPL is positioned to explore opportunities within the renewable power sector, aligning with CESC’s strategic interests in expanding its footprint in sustainable energy solutions. The incorporation of PPPL is not classified as a related party transaction, as it is a wholly owned subsidiary of Purvah Green Power Private Limited, which itself is a subsidiary of CESC.

The renewable power sector is the designated industry for PPPL, and it will focus on identifying and capitalising on opportunities within this sector. As a newly incorporated entity, PPPL does not have any turnover history to report.

No governmental or regulatory approvals were required for the incorporation of PPPL, and the process has been completed as of the date of its incorporation. The company is entirely owned by Purvah Green Power Private Limited, which holds 87.99% of the shares in Purvah.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

CESC awards contracts for 600 MW wind-solar hybrid projects

Yash Agarwal — Tue, 17 Mar 2026 14:58:07 +0000

CESC has awarded contracts for the supply of 600 MW of wind-solar hybrid power projects to four domestic entities. The contracts are part of a competitive bidding process initiated by CESC under the guidelines issued by the Ministry of Power, Government of India, for the procurement of power from grid-connected wind-solar hybrid projects.

The entities that received the Letter of Awards include Purvah Green Power Private Limited, Vismaya Renewables India Project Private Limited, Hexa Climate Solutions Private Limited, and Sprng Energy Private Limited. Each of these companies will supply 100 MW of wind-solar hybrid power, except for Purvah Green Power, which will supply 300 MW.

The power purchase agreements associated with these projects will be signed for a period of 25 years. The applicable tariff for the power supplied by Purvah Green Power, Hexa Climate Solutions, and Sprng Energy is set at ₹3.75 per kWh, while Vismaya Renewables will supply power at a tariff of ₹3.74 per kWh.

Purvah Green Power, a subsidiary of CESC, is the only entity among the four that falls under related party transactions. The project for Purvah Green Power is under tariff-based competitive bidding and is conducted on an arm’s length basis in the ordinary course of business.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

CESC subsidiary Purvah Green Power incorporates new entity with Rs 1 lakh capital

Business Desk — Fri, 13 Mar 2026 13:00:36 +0000

CESC’s subsidiary, Purvah Green Power Private Limited, has incorporated a wholly owned subsidiary named Purvah Bikaner – V Two Power Private Limited on 13 March 2026. The new entity is set to explore opportunities in the renewable power sector.

Purvah Bikaner – V Two Power Private Limited (PBTPPL) has been established with a subscribed and paid-up capital of ₹1,00,000. As a wholly owned subsidiary of Purvah Green Power, which itself is a subsidiary of CESC, PBTPPL will focus on the renewable energy sector, aligning with the growing emphasis on sustainable energy solutions.

The incorporation of PBTPPL does not involve any related party transactions, and no governmental or regulatory approvals were required, as it is a newly formed company. CESC holds an 87.99% stake in Purvah Green Power, ensuring significant control over the new subsidiary.

The establishment of PBTPPL marks a strategic move by CESC to strengthen its footprint in the renewable energy sector, a field that is witnessing increasing demand and investment.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

CESC subsidiary Purvah Green Power incorporates four new companies on March 12

Business Desk — Thu, 12 Mar 2026 14:47:24 +0000

CESC’s subsidiary, Purvah Green Power Private Limited, has established four wholly owned subsidiary companies as part of its expansion in the renewable power sector. All four entities were incorporated on March 12, 2026.

The new subsidiaries include Purvah Navurja Private Limited, Purvah Cleantech Power Private Limited, Purvah Bikaner – V One Power Private Limited, and Purvah Clean Energy Private Limited. Each of these companies has a subscribed and paid-up capital of ₹1,00,000.

These subsidiaries are set to explore opportunities within the renewable power sector, aligning with CESC‘s strategic focus on sustainable energy solutions. As newly incorporated entities, they have not yet generated turnover.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

CESC subsidiary Purvah Green Power signs 1 GW wind turbine agreement with Envision Energy

Aman Shukla — Wed, 04 Jun 2025 14:49:54 +0000

CESC Limited has announced that its subsidiary, Purvah Green Power Private Limited, has signed a framework agreement with Envision Energy India Private Limited for the supply and commissioning of wind turbine generators (WTGs) totaling 1 gigawatt (GW).

Under the terms of the agreement, Envision will also provide operations and maintenance (O&M) services for the WTGs for a period of 10 years following their commissioning. The schedule for supply and commissioning will be finalized in due course.

The agreement is structured as a long-term partnership focused on renewable energy infrastructure. The O&M services are set to begin from the weighted average date of commissioning and will cover a minimum term of ten years.

CESC confirmed that this agreement does not constitute a related party transaction, as the promoter group or associated entities of Purvah Green Power have no financial or operational interest in Envision Energy.

This development aligns with CESC’s ongoing efforts in expanding its footprint in the renewable energy sector through its subsidiaries.

CESC acquires Chandigarh Power Distribution for Rs 871 crore

Aditya Bhagchandani — Sat, 01 Feb 2025 03:33:44 +0000

CESC Limited, through its wholly-owned subsidiary Eminent Electricity Distribution Limited (EEDL), has acquired 100% equity shares of Chandigarh Power Distribution Limited (CPDL) for a cash consideration of ₹871 crore. The acquisition follows the notification of the Chandigarh Electricity Reforms Transfer Scheme, 2025, which transfers the assets, liabilities, and personnel of the Electricity Wing of the Engineering Department, Chandigarh (EWEDC), to CPDL, effective February 1, 2025.

Key details of the acquisition:

Acquirer: Eminent Electricity Distribution Limited (EEDL), a wholly-owned subsidiary of CESC
Target: Chandigarh Power Distribution Limited (CPDL)
Sector: Power distribution and retail supply
Acquisition Amount: ₹871 crore
Percentage of Shares Acquired: 100%
Acquisition Completion Date: February 1, 2025

Objective and Strategic Impact:
The acquisition aligns with CESC’s goal of expanding its power distribution business across India. By gaining full control of CPDL, CESC enhances its presence in the northern region and strengthens its portfolio in the power distribution segment.

CPDL, incorporated on April 23, 2022, will begin its business operations upon completion of the transaction. The company holds a distribution license under the Electricity Act, 2003, and is responsible for providing reliable electricity supply to the Union Territory of Chandigarh.

The acquisition received the necessary approvals from the Administration of the Union Territory of Chandigarh, and the share purchase agreement was executed accordingly.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Always consult a financial advisor before making any investment decisions

CESC shares drop 3% on poor Q3FY25 results

Aman Shukla — Fri, 10 Jan 2025 08:58:40 +0000

CESC shares saw a decline of over 3% following the announcement of its standalone unaudited financial results for Q3FY25 and the nine months ending December 31, 2024.

The company reported a steady year-on-year revenue growth despite facing a sequential dip. For Q3FY25, CESC’s revenue reached ₹1,938 crore, marking a 6.5% increase compared to ₹1,819 crore in Q3FY24, although it saw a significant 26.6% sequential decline from Q2FY25.

The company’s profit for the period stood at ₹172 crore, a slight 1.2% YoY rise. However, it experienced a 21.1% sequential dip from Q2FY25’s ₹218 crore.

Looking at the nine-month performance, CESC’s revenue for the period amounted to ₹7,437 crore, reflecting a 9.5% YoY growth, while profit increased by 2.1% to ₹582 crore.

CESC Ltd. shares opened at ₹171.00 and reached a high of ₹171.39, while the low for the day was ₹163.52. The stock has shown a 52-week high of ₹212.49 and a 52-week low of ₹109.75, reflecting notable fluctuations. As of 2:30 PM, the shares were trading 2.87% lower at Rs 165.02.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

CESC Q3 Results Today: Check date, time, dividend announcement, earnings preview

Aditya Bhagchandani — Fri, 10 Jan 2025 03:30:13 +0000

CESC Ltd, the utility arm of the RPSG Group, is set to announce its Q3 FY25 financial results and interim dividend decision today, January 10, 2025. The results will cover the financial performance for the three and nine months ended December 31, 2024.

Brokerage Expectations:

Performance Outlook: Analysts anticipate double-digit year-on-year (YoY) growth, though a sequential decline is expected due to seasonality and operational factors.
Demand Drivers: Increased power demand in the company’s distribution circles and reduced losses are projected to significantly bolster its balance sheet.
Renewable Energy Expansion: CESC’s growing focus on renewable energy is expected to contribute positively to its long-term growth.

Key Factors to Watch:

Tariff Revisions:
- Tariff hikes across its extensive distribution network are expected to boost revenue and margins.
Operational Efficiency:
- Reduction in distribution losses will be a critical metric for improved profitability.
Dividend Announcement:
- The Board may approve an interim dividend, offering additional value to shareholders.

CESC Limited reported its consolidated financial results for Q2 FY25, showing revenue growth and a slight increase in profit compared to the same period last year.

Key highlights include:

Revenue: The company’s consolidated revenue from operations rose 6.6% year-on-year (YoY) to ₹4,700 crore in Q2 FY25, up from ₹4,352 crore in Q2 FY24. Quarter-on-quarter (QoQ), revenue decreased by 3.8% from ₹4,863 crore in Q1 FY25.
Profit: Profit for the period increased by 2.8% YoY to ₹373 crore, up from ₹363 crore in Q2 FY24. However, profit declined by 3.9% QoQ from ₹388 crore in Q1 FY25.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

CESC awards 150 MW wind-solar hybrid power project to Purvah Green Power

Matrika Shukla — Tue, 07 Jan 2025 13:31:33 +0000

CESC Limited has announced the issuance of a Letter of Award to its subsidiary, Purvah Green Power Private Limited (Purvah), for the establishment of a 150 MW Wind-Solar Hybrid Power Project. The project, awarded under the Ministry of Power’s “Guidelines for tariff Based Competitive Bidding Process for Procurement of Power from Grid Connected Wind Solar Hybrid Power Projects” dated August 21, 2023, will be developed under a tariff-based competitive bidding process. Additionally, the project will have an extra 150 MW capacity under the Greenshoe option.

The project is part of India’s ongoing efforts to promote renewable energy and reduce dependency on traditional power sources. The selected wind-solar hybrid projects will be connected to the Inter-State Transmission System (ISTS), and CESC plans to sign a Power Purchase Agreement (PPA) that will remain valid for 25 years from the commencement of supply.

Purvah, a wholly owned subsidiary of CESC Limited, will play a significant role in the project’s execution. The agreement ensures that the project is carried out at arm’s length and follows all necessary guidelines. The commercial considerations for this venture are substantial, considering the scale of the 150 MW wind-solar hybrid power capacity, with the added potential of another 150 MW under the Greenshoe option.

With this development, CESC Limited is making significant strides towards strengthening its presence in the renewable energy sector and contributing to India’s commitment to sustainable power generation.

CESC secures 300 MW Wind-Solar Hybrid Power project through subsidiary Purvah Green Power

Aditya Bhagchandani — Mon, 30 Dec 2024 14:20:38 +0000

CESC Limited has announced that its subsidiary, Purvah Green Power Private Limited, has been awarded a contract to supply 300 MW of Wind-Solar Hybrid Power. The Letter of Award was issued by Noida Power Company Limited (NPCL), another subsidiary of CESC, following a competitive bidding process under the “Guidelines for tariff Based Competitive Bidding Process for Procurement of Power from Grid Connected Wind Solar Hybrid Project” set by the Ministry of Power.

Key Details of the Contract:

Awarded Entity: Purvah Green Power Private Limited (domestic entity and a subsidiary of CESC Limited).
Project Scope: Supply of 300 MW Wind-Solar Hybrid Power on a long-term basis.
Contract Duration: 25 years from the scheduled commencement of power supply.
Nature of Transaction: Related party transaction conducted at arm’s length and in the ordinary course of business.

This move aligns with CESC’s commitment to enhancing renewable energy capabilities while contributing to sustainable energy goals. The project is expected to bolster the company’s portfolio in the growing renewable energy sector.

CESC shares surge nearly 5% as arm receives LoI to acquire 100% stake in Chandigarh power distribution company for Rs 871 crore

Aditya Bhagchandani — Mon, 25 Nov 2024 03:47:59 +0000

CESC Limited’s wholly-owned subsidiary, Eminent Electricity Distribution Limited, has been granted a Letter of Intent (LoI) to acquire 100% equity shares in a power distribution company responsible for electricity supply and distribution in the Union Territory of Chandigarh.

As of 9:17 am the shares of CESC were trading 4.315 higher at ₹180.43 on NSE.

Key Details of the Acquisition:

Entity Awarding the Contract: Executive Engineer, Electricity “OP” Division No. 2, BBMB Complex, Chandigarh.
Nature of the Contract: Complete acquisition of the distribution company holding a distribution license for Chandigarh.
Transaction Value: Rs 871 crore, as per terms outlined in the LoI.
Execution Timeline: To be completed within 30 days of issuing the LoI.
Awarding Entity: Domestic entity under the jurisdiction of Chandigarh administration.

This acquisition is a significant milestone for Eminent Electricity Distribution Limited, which continues to expand its footprint in the Indian power distribution sector. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

CESC subsidiary Purvah Green Power to acquire Bhojraj Renewables for renewable energy expansion

Aditya Bhagchandani — Thu, 03 Oct 2024 19:46:46 +0000

Purvah Green Power Private Limited (PGPPL), a subsidiary of CESC Limited, has entered into a binding term sheet to acquire 100% shareholding of Bhojraj Renewables Energy Pvt Ltd (BREPT). The acquisition aims to secure approvals for a 300 MW wind project and a 150 MW solar project, with a focus on expanding renewable energy assets.

The agreement, signed on October 3, 2024, covers land acquisition, permits, and approvals necessary for the renewable energy development. The acquisition will be completed over an approximate period of 9 months, subject to the achievement of certain project milestones. The total cash consideration for the transaction is up to INR 108.56 crore.

BREPT, incorporated in 2024, is involved in renewable energy development and has received in-principle approval for a 300 MW connectivity project. The acquisition aligns with CESC’s strategy to expand its renewable energy portfolio.

CESC subsidiary signs agreement for 686.85 MW wind power project with Ecoren Energy

Aditya Bhagchandani — Thu, 19 Sep 2024 06:23:49 +0000

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.

CESC shares surge nearly 6% after company announces new subsidiary in renewable power sector

Aditya Bhagchandani — Wed, 21 Aug 2024 06:32:18 +0000

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.

CESC Shares Climb Nearly 2% as Uttar Pradesh Regulatory Body Approves Power Purchase Agreement

Aditya Bhagchandani — Thu, 11 Jan 2024 04:53:05 +0000

Shares of CESC experienced a nearly 2% rise, fueled by the approval from the Uttar Pradesh Electricity Regulatory Commission for a power purchase agreement (PPA).

The approved PPA entails power procurement of 95 MW RTC power per annum over a five-year period, as announced by the electricity supplier on Wednesday.

Analyst data from LSEG indicates a strong buy rating for CESC stock, with an average analyst rating. Despite a price target of 108 rupees below the current market price, the stock remains on track for a third consecutive weekly gain if the current trend persists.

As of 10:22 am the shares were trading 1.35% higher at ₹138.80