Purvah Green Power Private Limited, a subsidiary of CESC Limited, has secured a major renewable energy contract worth 180 MW for round-the-clock power supply. The company announced receipt and acceptance of a Letter of Award from REMC Limited through a regulatory filing.

Purvah Green Power has secured a 25-year contract for round-the-clock renewable power supply through a competitive bidding process from REMC Limited.

Project Details and Contract Terms

The Letter of Award was issued on December 23, 2025, following an open competitive bidding process for establishing grid-connected renewable energy power projects. The project specifications and contract terms are outlined below:

The round-the-clock power supply requirement indicates the project will likely incorporate energy storage systems to ensure continuous power delivery, addressing one of the key challenges in renewable energy generation.

CESC's Recent Financial Performance

This project win comes on the back of strong financial results reported by CESC in October for the second quarter. The company demonstrated robust growth across key financial metrics:

Market Performance

Shares of CESC Limited closed marginally lower at ₹168.12 on the NSE on Friday. The stock performance reflects the market's response to the company's operational developments and financial results.

Strategic Significance

This contract award represents a significant step in CESC's renewable energy expansion strategy through its subsidiary Purvah Green Power. The 25-year contract duration provides long-term revenue visibility, while the round-the-clock power supply requirement positions the company in the growing market for reliable renewable energy solutions. The competitive bidding process victory demonstrates the subsidiary's technical capabilities and competitive positioning in the renewable energy sector.

CESC Ltd's subsidiary Purvah Green Power Private Limited has officially acknowledged receipt and acceptance of the Letter of Award for a substantial 180 MW renewable energy project. The company made this disclosure under Regulation 30 of SEBI regulations, confirming the formal acceptance of the award letter issued by REMC Limited.

Official Project Award Details

The renewable energy project represents a significant milestone in CESC's green energy expansion strategy, with the subsidiary formally accepting the competitive bidding award.

Commercial Terms and Financial Impact

The project comes with favorable commercial terms that position it as a valuable long-term revenue generator for the company.

Regulatory Compliance and Transparency

CESC has fulfilled its regulatory obligations by disclosing this material development under SEBI's Listing Obligations and Disclosure Requirements. The company confirmed that the awarding entity REMC Limited has no interest from promoters or group companies, ensuring the transaction's independence. The project award was secured through open competitive bidding, demonstrating the subsidiary's competitive capabilities in the renewable energy sector.

Strategic Market Position

This 180 MW renewable energy project award reinforces CESC's commitment to expanding its presence in the clean energy sector. The competitive tariff of ₹4.35 per kWh demonstrates the project's commercial viability while contributing to India's renewable energy objectives. The 25-year contract duration provides long-term revenue visibility and stability, strengthening CESC's position in the renewable energy market.