CESC Limited , a prominent player in the power sector, has announced two significant developments that could shape its future financial and operational landscape.

Proposed Non-Convertible Debentures Issue

CESC Limited has informed the stock exchanges that its Board Committee will convene on September 24, 2025, to consider a proposal for issuing Redeemable, Senior, Secured, Unlisted, Rated Non-Convertible Debentures (NCDs). This announcement was made through a communication to the BSE and NSE on September 19, 2025.

The company's move to explore the issuance of NCDs could be aimed at raising funds for various corporate purposes. Non-Convertible Debentures are typically used by companies to borrow money for a fixed term at a variable or fixed interest rate, providing an alternative to traditional bank loans.

Support for Green Power Subsidiary

In a separate but equally significant development, CESC Limited has pledged its support to its wholly-owned subsidiary, CESC Green Power Ltd. The subsidiary is embarking on an ambitious project to set up solar cell and module manufacturing facilities across various locations in India.

Key points of this green initiative include:

• Establishment of a 3+ GW solar cell/module plant
• Battery manufacturing facilities
• A 60 MW renewable energy power plant
• Various ancillary units

The total capital investment for these projects is estimated to be up to INR 5,000.00 crores.

CESC Limited has committed to providing comprehensive financial support to ensure the successful implementation of these projects. This support will encompass equity infusion, strategic assistance, and facilitation of institutional funding.

Implications for CESC Limited

These developments highlight CESC Limited's dual focus on financial management and sustainable energy initiatives. The potential NCD issue could strengthen the company's capital structure, while the support for green power projects aligns with the growing emphasis on renewable energy in India's power sector.

As CESC Limited moves forward with these plans, stakeholders will be keenly watching how these initiatives impact the company's financial health and market position in the evolving energy landscape.

Investors and market analysts will likely await further details on the NCD issue, which may be disclosed following the Board Committee meeting on September 24, 2025. Meanwhile, the green power initiatives of its subsidiary represent a significant step towards sustainable energy production and could position CESC Limited as a key player in India's renewable energy sector.

CESC , a prominent player in the Indian power sector, has announced a significant expansion into solar manufacturing through its wholly-owned subsidiary, CESC Green Power Ltd. The company plans to invest up to ₹5,000.00 crores in a comprehensive solar manufacturing project, marking a major step towards enhancing India's renewable energy capabilities.

Project Details

The ambitious project, as outlined in CESC's recent regulatory filing, encompasses several key components:

• A 3+ GW solar cell/module manufacturing plant
• Battery manufacturing facilities
• A 60 MW renewable energy power plant
• Various ancillary units

This multi-faceted approach demonstrates CESC's commitment to creating a robust solar manufacturing ecosystem.

Financial Support and Implementation

CESC Limited has pledged full financial backing to its subsidiary, CESC Green Power Ltd, to ensure the project's success. The parent company's support will include:

• Equity infusion
• Strategic assistance
• Facilitation of institutional funding

This comprehensive support underscores CESC's confidence in the project and its long-term vision for renewable energy.

Strategic Implications

The investment in solar cell and module manufacturing aligns with India's push for self-reliance in the renewable energy sector. By establishing a significant manufacturing capacity, CESC is positioning itself as a key player in the country's solar energy value chain.

Market Impact

This move by CESC Ltd is likely to have far-reaching implications for the Indian solar industry. The substantial manufacturing capacity could potentially reduce dependency on imports, create jobs, and contribute to the growth of the domestic renewable energy sector.

Conclusion

CESC Ltd's ₹5,000.00 crore investment plan represents a significant milestone in India's solar manufacturing landscape. As the project unfolds, it will be interesting to observe its impact on the company's financial performance and its role in shaping the future of India's renewable energy sector.

Investors and industry observers will be keenly watching the progress of this ambitious project, which has the potential to transform CESC's position in the renewable energy market.