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Latest news about CESC

CESC Unit Issues Binding LOI to Klasscorp Solutions for 250 MW Karnataka Wind Farm Consultancy 6 hours ago Today

A subsidiary of CESC has issued a binding letter of intent to Klasscorp Solutions for consultancy services on a 250 MW wind farm project in Karnataka. This move signifies CESC's expansion in the renewable energy sector, particularly in wind power. The project will contribute to Karnataka's clean energy goals and India's broader renewable energy targets.

CESC Unit Signs Wind Farm Consultancy Deal for 250 MW Project in Karnataka 2 days ago

CESC Limited Receives Tax Determination Order Worth ₹9.28 Crores from West Bengal Government 5 days ago

CESC Subsidiary Partners with Toolfab for 300MW Wind Project Tower Supply 5 days ago

CESC Unveils Ambitious Growth Vision 2030: Doubling Profits with Renewable Energy Push Nov 29, 2025

More news about CESC

28Oct 25

CESC Subsidiary Secures 300 MW Solar Project with Energy Storage from SECI

Purvah Green Power Private Limited, a subsidiary of CESC Limited, has been awarded a 300 MW solar power project with energy storage systems by Solar Energy Corporation of India Limited (SECI). The project, with a 25-year contract duration, will supply power at Rs 2.86 per kWh. This award is part of SECI's larger 2000 MW initiative for solar power projects with energy storage across India. The contract was secured through a competitive bidding process, aligning with the Indian government's renewable energy goals.

17Oct 25

CESC Limited Posts 19% Profit Growth in Q2 FY2025-26, Declares Rs 6 Interim Dividend

CESC Limited announced robust financial results for Q2 FY2025-26. Standalone net profit increased by 11% to Rs 242 crore, while consolidated net profit rose 19.3% to Rs 445 crore. Consolidated revenue grew to Rs 5,267 crore, up 12.1% year-over-year. The company declared an interim dividend of Rs 6 per equity share. CESC's performance reflects growth across its operations, including 41 subsidiaries and one joint venture. The company has incorporated regulatory adjustments based on WBERC orders and filed appeals against certain deviations in APR and MYT orders.

24Sept 25

CESC Approves ₹300 Crore Private Placement of Secured Redeemable NCDs

CESC Limited's board has approved a private placement of secured redeemable non-convertible debentures (NCDs) worth ₹300 crore. The company will issue 30,000 NCDs with a face value of ₹1 lakh each, maturing in 3 years. The NCDs offer a coupon rate of 3 Months T-Bill Rate + 2.30% per annum, payable quarterly. They are secured by the company's immovable and movable fixed assets, and current assets. The debentures include a Call/Put Option exercisable after 12 months at par value.

19Sept 25

CESC Limited to Consider Non-Convertible Debentures Issue and Backs Green Power Subsidiary

CESC Limited's Board Committee will meet on September 24, 2025, to consider issuing Non-Convertible Debentures (NCDs). The company has also pledged support to its subsidiary, CESC Green Power Ltd, for setting up solar cell and module manufacturing facilities in India. The green initiative includes a 3+ GW solar cell/module plant, battery manufacturing facilities, a 60 MW renewable energy power plant, and ancillary units, with a total estimated investment of up to INR 5,000.00 crores. CESC Limited will provide financial support through equity infusion, strategic assistance, and facilitation of institutional funding.

19Sept 25

CESC Ltd Unveils Ambitious ₹5,000 Crore Solar Manufacturing Project

CESC Limited, through its subsidiary CESC Green Power Ltd, plans to invest up to ₹5,000 crore in a comprehensive solar manufacturing project. The initiative includes a 3+ GW solar cell/module manufacturing plant, battery manufacturing facilities, a 60 MW renewable energy power plant, and ancillary units. CESC Limited will provide full financial support, including equity infusion and assistance in securing institutional funding. This investment aligns with India's push for self-reliance in the renewable energy sector and could potentially reduce dependency on imports while creating jobs.

05Sept 25

CESC Limited Unveils Investor List for Upcoming RP-Sanjiv Goenka Group Investor Day

CESC Limited has released a list of 90 investors for the RP-Sanjiv Goenka Group Investor Day on September 8, 2025. The event will be held in physical mode and include major financial institutions like HDFC Asset Management, ICICI Prudential, Morgan Stanley, and UBS Securities. The diverse participant list covers mutual funds, insurance companies, and asset management firms. CESC has noted that the list may change due to unforeseen circumstances and has submitted this information to stock exchanges in compliance with SEBI regulations.

30Jul 25

CESC Reports 2.4% Rise in Q1 Net Profit, Revenue Grows 7%

CESC Limited's Q1 FY2025-26 results show a 2.4% increase in consolidated net profit to ₹3.87 billion. Revenue grew by 7.0% to ₹52.02 billion, while EBITDA rose 3.0% to ₹10.92 billion. EBITDA margin slightly decreased to 20.99%. The company implemented Fuel and Power Purchase Adjustment Surcharge from June 2024. Managing Director Vineet Sikka emphasized the company's resilience and growth in a dynamic market. CESC continues to navigate regulatory challenges, having filed appeals against certain orders.

04Jun 25

CESC's Subsidiary Secures Major Wind Turbine Supply Contract

Purvadhar Green Power, associated with CESC Limited, has finalized a contract for the supply of 1.00 GW of wind turbines. This significant deal marks CESC's expansion in the renewable energy sector, aligning with India's push for clean energy adoption. The contract is expected to boost CESC's green energy capabilities and market position in the wind energy market, though specific financial details were not disclosed.

15May 25

CESC Reports Mixed Q4 Results: Profit Dips, Revenue Rises, EBITDA Surges

CESC reported mixed Q4 FY24 results with revenue increasing 14.5% to ₹3,877.00 crore and EBITDA nearly doubling to ₹812.00 crore. However, net profit declined 7.2% to ₹385.00 crore. EBITDA margin expanded to 20.94%, showing improved operational efficiency. The company's shares were trading 1.73% lower at ₹164.90 on BSE following the announcement.

29Apr 25

CESC Inks 25-Year Power Purchase Agreement for 300 MW Wind-Solar Hybrid Project

CESC Limited has entered into a 25-year Power Purchase Agreement with its subsidiary, Bhojraj Renewables Energy Private Limited, for a 300 MW wind-solar hybrid power project. The agreement sets a tariff of Rs. 3.81 per kWh and is subject to approval from the West Bengal Electricity Regulatory Commission. This move significantly expands CESC's renewable energy portfolio and aligns with India's clean energy transition.

28Apr 25

CESC Secures 25-Year Power Purchase Agreement for 300 MW Hybrid Project

CESC Limited has entered into a 25-year Power Purchase Agreement with its subsidiary, Bhojraj Renewables Energy Private Limited, for a 300 MW wind-solar hybrid power project. The agreement sets a tariff of Rs. 3.81 per kWh and is subject to approval from the West Bengal Electricity Regulatory Commission. This move signifies CESC's strategic push into renewable energy, potentially offering long-term cost stability and aligning with India's growing focus on sustainable power sources.

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.