CESC Green Power has announced a strategic partnership with the Odisha government through a memorandum of understanding (MoU) that marks a significant expansion into clean energy manufacturing. This comprehensive agreement encompasses multiple facets of renewable energy production and represents one of the substantial investments in the sector.

Project Components and Investment Details

The MoU outlines an integrated approach to clean energy manufacturing with three key components that will establish a comprehensive production ecosystem in Odisha.

Manufacturing Capabilities

The solar cell and module manufacturing facility will have a substantial capacity of 3 GW, positioning the project among the significant solar manufacturing initiatives in India. This facility will contribute to domestic solar equipment production and support the country's renewable energy goals.

The advanced chemistry cell pack manufacturing unit, with a capacity of 5 GWh, represents CESC Green Power's entry into the battery storage segment. This component addresses the growing demand for energy storage solutions in the renewable energy sector.

Infrastructure and Power Generation

The project includes a 60 MW captive power plant that will support the manufacturing operations and ensure reliable power supply for the production facilities. This captive power arrangement demonstrates the integrated nature of the planned manufacturing hub.

Strategic Significance

This MoU represents CESC Green Power's strategic expansion into manufacturing from its traditional power generation and distribution business. The partnership with Odisha government provides the company access to industrial infrastructure and policy support for establishing this clean energy manufacturing ecosystem.

The ₹4,500 crore investment commitment reflects the scale and ambition of the project, which spans across solar manufacturing, battery production, and power generation capabilities under a single integrated development plan.

CESC Limited has announced the sad demise of its Independent Director Mr. Sunil Mitra, who passed away on January 12, 2026. The company made this disclosure to stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015.

Director Details and Tenure

Mr. Sunil Mitra served as an Independent Director on CESC's Board with Director Identification Number (DIN) 00113473. The company filed the mandatory intimation with both the National Stock Exchange of India Limited and BSE Limited on January 12, 2026.

Company's Tribute

In its official communication, CESC highlighted Mr. Mitra's valuable contributions during his tenure as an Independent Director. The company noted that it had immensely benefited from his thorough knowledge and rich experience as a Board member. CESC described his unexpected demise as an irreparable loss to the organization.

Regulatory Compliance

The intimation was filed pursuant to Regulation 30 read with Schedule III of the SEBI LODR regulations. CESC also referenced compliance with SEBI Master circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, providing all required details in the prescribed format.

Condolences

All Directors and employees of CESC have expressed their deep sympathy, sorrow, and condolences to Mr. Mitra's family during this difficult time. The company secretary and compliance officer Jagdish Patra signed the official communication digitally on January 12, 2026.