CESC Unveils Ambitious Growth Vision 2030: Doubling Profits with Renewable Energy Push

CESC Limited , a leading power utility company, has unveiled its ambitious Growth Vision 2030, setting the stage for significant expansion and transformation in the coming years. The company's investor presentation outlines a strategic roadmap aimed at doubling profitability by FY30, with a strong focus on renewable energy and distribution expansion.

Renewable Energy at the Forefront

CESC has set aggressive targets for its renewable energy capacity:

3.2 GW by FY29
10 GW by FY32

This substantial increase in renewable capacity underscores CESC's commitment to clean energy and aligns with India's broader goals for sustainable power generation.

Massive Capital Expenditure Plans

To fuel its growth strategy, CESC has earmarked a significant capital expenditure of Rs 32,000 crore. This investment will be distributed across three key areas:

Distribution network enhancement
Renewable energy projects
Solar manufacturing ecosystem

Solar Manufacturing Ecosystem

CESC plans to establish a 3GW solar cell and module manufacturing ecosystem by 2027. This initiative aims to vertically integrate its operations, potentially capitalizing on the growing demand for solar energy components and supporting India's push for domestic manufacturing in the renewable sector.

Distribution Expansion and Privatization Opportunities

CESC is eyeing expansion opportunities in power distribution, particularly in Uttar Pradesh's privatization initiatives. This strategic move could potentially expand the company's consumer base and revenue streams.

Financial Performance

Let's look at CESC's recent financial performance:

Metric	FY2025	FY2024	YoY Change
Revenue	17,375.50	15,544.30	11.78%
EBITDA	3,063.70	2,376.50	28.92%
Net Profit	1,427.90	1,447.30	-1.34%
EPS	10.32	10.38	-0.58%

Despite a slight dip in net profit and EPS, CESC has shown growth in revenue and EBITDA.

Cash Flow and Investments

The company's cash flow statement reveals:

Capital Expenditure: Rs 1,863.2 crore in FY2025, up 141.60% from FY2024
Net Cash Flow: Rs 905.8 crore in FY2025, an increase from Rs 146.2 crore in FY2024

These figures indicate CESC's investment in its future while maintaining positive cash flow.

Conclusion

CESC's Growth Vision 2030 presents a strategy for the company's expansion, focusing on renewable energy and distribution network enhancement. The planned investments in solar manufacturing and potential distribution privatization opportunities could provide CESC with advantages in the evolving Indian power sector.

However, while the company's revenue and EBITDA have shown growth, there has been a slight decline in net profit. The success of CESC's plans will depend on efficient execution of its strategy and market conditions in the renewable energy sector.

As CESC moves forward with its growth initiatives, stakeholders will be watching how these investments translate into long-term profitability and market position in the Indian power industry.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.21%	-0.89%	-4.62%	+2.07%	-2.23%	+187.92%

CESC Limited 's subsidiary, Purvah Green Power Private Limited, has made a significant stride in the renewable energy sector by securing a major solar power project contract. The company has received and accepted a Letter of Award from Solar Energy Corporation of India Limited (SECI) for an ambitious solar power project with energy storage systems.

Project Details

Aspect	Details
Contracted Capacity	300 MW
Project Type	Solar PV Power with Energy Storage Systems
Contract Duration	25 years from scheduled supply commencement
Tariff Rate	Rs 2.86 per kWh
Awarding Entity	Solar Energy Corporation of India Limited (SECI)

Broader Initiative

This award is part of SECI's larger initiative to establish 2000 MW of ISTS-connected Solar PV Power Projects with 1000 MW/4000 MWh Energy Storage Systems across India. The project aligns with the Indian government's push towards renewable energy and grid stability.

Competitive Bidding Process

The contract was awarded through a tariff-based competitive bidding process, highlighting Purvah Green Power's competitive edge in the renewable energy sector. This process was conducted in accordance with the "Guidelines for Tariff Based Competitive Bidding Process for Procurement of Firm and Dispatchable Power from Grid Connected Renewable Energy Power Projects with Energy Storage Systems" issued by the Ministry of Power, Government of India.

Significance for CESC Limited

This contract marks a significant milestone for CESC Limited, as it expands its footprint in the renewable energy sector through its subsidiary. The project not only contributes to India's green energy goals but also positions CESC as a key player in the evolving landscape of power generation with storage capabilities.

Market Implications

The successful bid by Purvah Green Power Private Limited demonstrates the company's ability to secure large-scale projects in the competitive renewable energy market. As the renewable energy sector continues to grow in India, projects like these are likely to play a crucial role in shaping the country's energy landscape and contributing to its sustainability goals.