CESC Limited will participate in two investor conferences in Mumbai later this month and early next month, providing an opportunity for engagement with institutional investors. The company confirmed its attendance at the EMKAY Confluence 2026 Investor Conference on August 14, 2026, and the ELARA India 2026 Investor Conference on September 1, 2026. Both meetings will be held in person, allowing for direct interaction with the management team regarding the company’s operational outlook and strategic initiatives.

The disclosures were made to comply with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information was submitted to the National Stock Exchange of India Limited and BSE Limited on August 11, 2026. Jagdish Patra, Company Secretary & Compliance Officer, signed the intimation.

Conference Schedule

These engagements are part of the company’s routine investor relations activities, aimed at keeping stakeholders informed about corporate developments. Participation in such forums is standard practice for listed entities seeking to maintain transparency and dialogue with the investment community.

CESC subsidiary Purvah Green Power Private Limited (PGPPL) has entered into a Share Purchase Agreement on August 10, 2026, to acquire 100% stake in six ReNew entities for an enterprise value of ₹4,859 crore. The transaction adds 1.4 GWp of operational renewable energy capacity to the group’s portfolio, accelerating its path toward a 10 GW target. This move shifts Purvah’s strategy from primarily greenfield development to anchoring its platform with assets that generate immediate, contracted cash flows.

The acquisition involves the purchase of ReNew Hans Urja Private Limited, ReNew Solar Photovoltaic Private Limited, ReNew Wind Energy (Karnataka 3) Private Limited, ReNew Wind Energy (MP Four) Private Limited, ReNew Wind Energy (Karnataka 4) Private Limited, and ReNew Agni Power Private Limited from ReNew Solar Power Private Limited. The total installed capacity of these target companies is 1,411.48 MW, approximately 1.4 GWp. The deal is structured as an arm’s length transaction and does not require any governmental or regulatory approvals, facilitating a streamlined completion process targeted for before October 31, 2026.

Transaction Structure and Financials

The enterprise value of ₹4,859 crore excludes a contingent payment of an estimated ₹230 crore, which is payable only upon additional realization of change in law claims. The cash consideration payable on closing is ₹1,582 crore. This amount includes ₹94 crore for net current assets and comprises a payment of ₹589 crore for share capital and an infusion of ₹993 crore in unsecured promoter debt to repay existing promoter debt. Post-closing adjustments will be made as detailed in the Share Purchase Agreement.

The cost of acquisition for each target entity is outlined below:

Portfolio Expansion and Contracting

Prior to this transaction, Purvah Green’s contracted capacity stood at approximately 3.4 GWp. Following the acquisition, the total contracted capacity rises to 4.8 GWp. This includes 1.8 GWp of operational capacity and 3 GWp of tied-up capacity at various stages of construction. Additionally, 2.2 GWh of battery capacity is tied up and under implementation. More than 90% of the acquired capacity is contracted with the Solar Energy Corporation of India (SECI) under long-term power purchase agreements (PPAs), with the balance contracted with Karnataka distribution companies. All PPAs have a tenure of over 25 years, providing long-term revenue visibility.

Strategic Implications

Shashwat Goenka, Vice Chairman of RP-Sanjiv Goenka Group (RPSG), stated that the acquisition marks a significant acceleration of the group’s renewable energy journey by providing immediate operating scale. He noted that the quality and long-term visibility of these assets make them a compelling opportunity, aligning with the group’s belief in combining disciplined greenfield development with selective acquisitions. The transaction supports RPSG’s ambition to build a 10 GW renewable energy platform in the coming years, transitioning CESC from a conventional power player to a diversified energy platform.

What the Numbers Show

The acquisition significantly alters the composition of Purvah Green’s portfolio. By adding 1.4 GWp of operational assets, the proportion of the portfolio generating immediate revenue increases substantially. With over 90% of the new capacity backed by long-term SECI contracts, the deal reduces off-taker risk and strengthens recurring cash flows well ahead of the commissioning schedule for the under-construction pipeline. This shift towards contracted, operational assets enhances the financial stability of the renewable platform while supporting the broader group goal of reaching 10 GW capacity.