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

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.

CESC Limited , a leading power utility company, has reported a robust financial performance for the second quarter of fiscal year 2025-26, with significant growth in both standalone and consolidated profits. The company's Board of Directors has also declared an interim dividend of Rs 6 per equity share.

Standalone Performance

CESC Limited's standalone net profit for Q2 FY2025-26 stood at Rs 242 crore, marking an 11% increase from Rs 218 crore in the corresponding quarter of the previous year. The company's revenue from operations for the quarter was Rs 2,676 crore.

Consolidated Results

On a consolidated basis, CESC Limited and its subsidiaries have shown even stronger growth:

• Net profit rose to Rs 445 crore, up 19.3% from Rs 373 crore in Q2 FY2024-25
• Revenue from operations increased to Rs 5,267 crore, compared to Rs 4,700 crore in the same quarter last year

Financial Highlights

Dividend Announcement

The Board of Directors has declared an interim dividend of Rs 6 per equity share for the financial year 2025-26. The record date for determining eligible shareholders has been set as October 27, 2025.

Operational Overview

CESC Limited operates primarily in electricity generation and distribution. The company, along with its 41 subsidiaries and one joint venture, has shown resilience and growth in a challenging market environment.

Regulatory Matters

The company's financial results incorporate adjustments based on relevant orders from the West Bengal Electricity Regulatory Commission (WBERC). These include the implementation of Fuel and Power Purchase Adjustment Surcharge (FPPAS) from June 2024. CESC has filed appeals against certain deviations in the Annual Performance Review (APR) order for 2019-20 and the Multi-Year Tariff (MYT) order for 2023-24 to 2025-26, expressing confidence in a favorable adjudication.

Future Outlook

While CESC Limited has demonstrated strong financial performance, the company remains cautious about regulatory developments and their potential impact on future earnings. The management continues to focus on operational efficiency and strategic growth initiatives across its various subsidiaries and joint ventures.

As CESC Limited navigates through regulatory challenges and market dynamics, its robust Q2 performance and shareholder-friendly dividend policy signal a positive trajectory for the company in the power sector.