CESC Inks 25-Year Power Purchase Agreement for 300 MW Wind-Solar Hybrid Project Apr 29, 2025
CESC Secures 25-Year Power Purchase Agreement for 300 MW Hybrid Project Apr 28, 2025
More news about CESC
11Apr 25
CESC Ltd Secures Rs 250 Crore Through NCD Allotment to Axis Bank
CESC Limited has approved the allotment of Non-Convertible Debentures (NCDs) worth Rs 250 crore to Axis Bank on April 11, 2025. The NCDs are secured, unlisted, redeemable, and rated, with a face value of Rs 1 lakh each. The debentures have a five-year maturity period, ending on April 11, 2030, and carry a coupon rate of 2.67%. A notable feature is the call/put option after three years, providing flexibility to both parties. This move is part of CESC's financial strategy, potentially aimed at optimizing its debt profile or funding operations and projects.
02Apr 25
CESC Limited to Consider Non-Convertible Debentures Issue in Upcoming Board Meeting
CESC Limited's board will meet on April 7, 2025, to discuss issuing secured, unlisted, redeemable, rated non-convertible debentures (NCDs). This potential debt-based financing could provide additional capital without equity dilution, possibly offering lower interest rates than bank loans. The outcome of the meeting, including details on issue size, interest rates, and tenure, will be crucial for investors to monitor.
27Mar 25
CESC Subsidiary Secures 3-Year Power Supply Agreement for 25MW
CESC Limited's subsidiary, Dhariwal Infrastructure Limited, has entered into a power purchase agreement to supply 25 megawatts of electricity to Noida Power Company Limited, another CESC subsidiary, for three years. The agreement, approved by the Uttar Pradesh Electricity Regulatory Commission, will run from April 1, 2025, to March 31, 2028. This intra-group arrangement aligns with CESC's strategy to strengthen its position in the power distribution sector and optimize its generation assets.