CESC has officially disclosed the incorporation of a new wholly owned subsidiary named 'Purvah Poweredge Private Limited' focused on renewable energy projects. The company filed the regulatory disclosure under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, providing detailed information about this strategic expansion into the renewable power sector.

Official Incorporation Details

Purvah Poweredge Private Limited was incorporated on March 23, 2026, with CIN: U35100WB2026PTC287592. The subsidiary has been established as a wholly owned subsidiary of Purvah Green Power Private Limited, which is itself a subsidiary of CESC Limited with 87.99% shareholding.

Strategic Business Objectives

According to the regulatory filing, Purvah Poweredge Private Limited will explore opportunities in the renewable power sector. This strategic initiative represents CESC's commitment to expanding its presence in clean energy solutions and diversifying its energy portfolio beyond traditional power generation.

Corporate Structure and Investment

The subsidiary operates under a clear corporate hierarchy, with Purvah Green Power Private Limited serving as the immediate parent company. The subscribed and paid-up capital stands at ₹1.00 lakh, reflecting the initial investment commitment for establishing this renewable energy-focused entity.

This incorporation aligns with the broader industry trend toward sustainable energy solutions and positions CESC to capitalize on growing opportunities in solar, wind, and other renewable energy technologies through its dedicated subsidiary structure.

CESC Limited has announced the issuance of 4 Letters of Award (LOAs) for wind-solar hybrid power projects totaling 600 MW capacity under Regulation 30 disclosure requirements. The utility company completed a tariff-based competitive bidding process following the Ministry of Power's guidelines for procurement of power from grid-connected wind-solar hybrid power projects.

Project Award Details

The company has awarded contracts to four entities for wind-solar hybrid power projects with a combined capacity of 600 MW. The selection process was conducted under the Guidelines for tariff-based Competitive Bidding Process issued by the Ministry of Power in August 2023.

Awarded Entities and Capacity Distribution

The Letters of Award have been distributed among four domestic entities with varying capacity allocations and competitive tariff rates.

Contract Terms and Structure

All four projects will operate under 25-year power purchase agreements for long-term wind-solar hybrid power supply. The tariff rates achieved through competitive bidding range from Rs. 3.74 to Rs. 3.75 per kWh, demonstrating cost-effective procurement of renewable energy.

Notably, Purvah Green Power Private Limited, which secured the largest capacity allocation of 300 MW, is a subsidiary of CESC. The company has confirmed that this transaction qualifies as a related party transaction conducted on an arm's length basis through the competitive bidding process.

Strategic Renewable Energy Expansion

This development represents a significant milestone in CESC's renewable energy strategy, combining wind and solar technologies to optimize power generation consistency. The hybrid model offers advantages over standalone renewable installations by leveraging complementary generation patterns of wind and solar resources.

The successful completion of this competitive bidding process demonstrates CESC's commitment to expanding its clean energy portfolio while ensuring transparent and cost-effective procurement practices aligned with regulatory guidelines.