CESC

** Shares of power supplier CESC CESC.NS up 0.9% at 186.6 rupees

** CLSA maintains "Outperform" rating and raises PT on CESC from 195 rupees to 204 rupees after Q4 net profit jumps 17.7% to 4.39 billion rupees ($46.28 million)

** Brokerage says turnaround in distribution businesses and start of renewable independent power producers (RE IPP) from FY27 are next catalysts to sustain double-digit growth over FY26-FY29

** Notes stock catalyst includes the scale-up of its improving unregulated and regulated businesses and its entry to RE IPP segment

** Says sourcing further renewable power should reduce costs, helping it to improve recoveries without tariff hikes

** YTD, stock up 11.6%

($1 = 94.8475 Indian rupees)

(Reporting by Mridula Kumar in Bengaluru)

(([email protected];))

May 6 (Reuters) - CESC Ltd CESC.NS:

• CESC MARCH-QUARTER CONSOL NET PROFIT 4.39 BILLION RUPEES

• CESC MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 40.96 BILLION RUPEES

Source text: ID:nnAZN4SUJIO

Further company coverage: CESC.NS

(([email protected];;))

March 17 (Reuters) - CESC Ltd CESC.NS:

• ISSUES FOUR LETTERS OF AWARD FOR WIND-SOLAR HYBRID POWER PROJECTS

• ISSUES LOA TO PURVAH GREEN POWER, VISMAYA RENEWABLES, HEXA CLIMATE, SPRNG ENERGY

Source text: ID:nBSE52F06j

Further company coverage: CESC.NS

(([email protected];;))

Feb 12 (Reuters) - CESC Ltd CESC.NS:

• CESC LTD - PURVAH GREEN POWER, SUBSIDIARY OF CESC RECEIVES LOA FROM SECI

Source text: ID:nBSE20LV5S

Further company coverage: CESC.NS

(([email protected];))

Feb 6 (Reuters) - CESC Ltd CESC.NS:

• CESC DEC-QUARTER CONSOL NET PROFIT 2.85 BILLION RUPEES

• CESC DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 40.05 BILLION RUPEES

Source text: [ID:]

Further company coverage: CESC.NS

(([email protected];))

Jan 21 (Reuters) - CESC Ltd CESC.NS:

• UNIT SIGNS MOU WITH UTTAR PRADESH

• MOU FOR ESTABLISHMENT OF 3 GW SOLAR CELL PLANT

• INVESTMENT OF AROUND 38 BILLION RUPEES

Source text: ID:nBSE1DK8cp

Further company coverage: CESC.NS

(([email protected];;))

CESC Ltd CESC.NS:

• CESC - UNIT GETS IN-PRINCIPLE APPROVAL OF HIGH-LEVEL CLEARANCE AUTHORITY, GOVERNMENT OF ODISHA

• CESC - UNIT GOT APPROVAL FOR MANUFACTURING FACILITY WITH INVESTMENT OF 45 BILLION RUPEES IN 3 PHASES

Source text: ID:nBSE6XS437

Further company coverage: CESC.NS

Adds details, background

NEW DELHI, Oct 10 (Reuters) - India plans to open up its retail electricity market for private companies nationwide, ending the dominance of state-run distributors in most states, a draft bill by the federal power ministry showed on Friday.

The move will allow private companies such as Adani Enterprises ADEL.NS, Tata Power TTPW.NS, Torrent Power TOPO.NS and CESC CESC.NS to strengthen their presence across the country.

A similar attempt in 2022 faced opposition from state distribution companies.

Only a handful of India’s electricity distribution zones — including the national capital region, Odisha, and industrial states like Maharashtra and Gujarat — are currently privatised as the rules do not specifically provide for it.

A vast majority remain under state control and are burdened with deep financial losses.

New Delhi has been pushing state-run power utilities to reduce losses, clean up their balance sheets and upgrade age-old infrastructure.

Earlier this year, the country's most populous state Uttar Pradesh invited bids to privatise two of its four power distribution companies.

As of June 2025, state power utilities owed power generators about $6.78 billion, creating a severe liquidity crunch for independent power producers, and in turn, stifling credit flows to the sector, Institute for Energy Economics and Financial Analysis said in September.

The power ministry's draft proposal also seeks to open the retail electricity market to multiple private players in the same area, which the existing Electricity Act does not provide for.

(Reporting by Sethuraman NR and Sarita Singh; Editing by Sonia Cheema and Mrigank Dhaniwala)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

Sept 19 (Reuters) - CESC Ltd CESC.NS:

• CESC LTD - TO CONSIDER ISSUE OF NON-CONVERTIBLE DEBENTURES

Source text: ID:nBSE4hP48C

Further company coverage: CESC.NS

(([email protected];;))

** Shares of Indian power utilities rise between 0.3% and 2%

** Investec reaffirms its positive stance on the Indian power utilities sector

** Believes recent "short-term demand swings are cyclical and temporary, and long-term outlook remains strong as connectivity improves and consumption rises

** Says recent decline in stock prices of JSW Energy JSWE.NS, CESC CESC.NS, NTPC NTPC.NS, Inox Wind INOX.NS and Kalpataru Projects KAPT.NS provide attractive entry opportunities; maintains "buy" rating on these stocks

** Forecasts India's power demand to grow at a CAGR of 5.3% from FY25 to FY32, reaching 367 GW, driven by urbanisation and rising temperatures

** India's plan to add approximately 250 GW of new capacity by FY30, which will require significant capital expenditure in transmission - Investec

(Reporting by Rudra Pratap Singh in Bengaluru)

(([email protected]))

** Power Grid PGRD.NS, CESC CESC.NS rise 2.5% and 1.3%, respectively

** Antique Stock Broking analysts Vishal Periwal, Shubham Shelar highlight stocks as key beneficiaries of strong demand growth over next four months

** Say power demand subdued in June quarter due to early and heavy monsoon; however, output up 3% in July and 4% in August

** Add valuations in power sector corrected sharply, creating attractive entry points

** Brokerage reiterates constructive view on sector, naming PGRD its top large-cap pick, backed by rising capex, higher capitalisation

** Prefers CESC in mid-caps, forecasting double-digit PAT growth from expanding renewables portfolio

** Rates both "buy"

** YTD, PGRD and CESC fall 9.35% and 16.1%, respectively

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

June 23 (Reuters) - Adani Total Gas Ltd ADAG.NS:

• NSE: TO EXCLUDE F&O CONTRACTS ON 8 SECURITIES INCLUDING ADANI TOTAL GAS, JINDAL STAINLESS FROM AUG 29 ON EXPIRY OF EXISTING CONTRACTS

Source text: [https://tinyurl.com/5hdtsnv6]

Further company coverage: ADAG.NS

(([email protected];))

** Shares of Waaree Renewable Technologies WAAE.NS gains 3.5% to 1,060 rupees

** Stock set for its biggest one-day pct gain since May 12

** Renewable energy co wins contract from CESC Ltd's CESC.NS unit to develop solar power project for 3.46 billion rupees ($40.5 million)

** WAAE trades above 50-, 100-, 200- day moving avgs, after breaching 50-DMA, indicating a bullish sentiment

** Stock up 17.4% since its debut in April

($1 = 85.4900 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru)

(([email protected]))

April 30 (Reuters) - CESC Ltd CESC.NS:

• CESC LTD - MAHARASHTRA REGULATOR APPROVES 125MW POWER PROCUREMENT FROM DHARIWAL INFRASTRUCTURE

• CESC LTD - ADANI ELECTRICITY MUMBAI TO PROCURE 125MW POWER FROM DHARIWAL

Source text: ID:nNSEb6QFsq

Further company coverage: CESC.NS

(([email protected];;))

April 29 (Reuters) - CESC Ltd CESC.NS:

• CESC LTD - MERC APPROVES POWER PURCHASE AGREEMENT BETWEEN TATA POWER AND DHARIWAL INFRASTRUCTURE

Source text: ID:nBSE48R8jm

Further company coverage: CESC.NS

(([email protected];;))

April 28 (Reuters) - CESC Ltd CESC.NS:

• ENTERS 25-YEAR POWER PURCHASE AGREEMENT FOR 300 MW PROJECT

Source text: ID:nBSE4TZVfH

Further company coverage: CESC.NS

(([email protected];))

April 2 (Reuters) - CESC Ltd CESC.NS:

• CESC LTD - TO CONSIDER PROPOSAL FOR ISSUE OF NON-CONVERTIBLE DEBENTURES

Source text: ID:nBSE3nh2GL

Further company coverage: CESC.NS

(([email protected];))

** Rising demand for power in India and likely capacity addition in the first half of fiscal year 2026 across thermal and hydro-power should benefit power-generating companies and regulated utilities, says CLSA

** Says capacity addition should help NTPC NTPC.NS and NHPC NHPC.NS, while Power Grid Corporation PGRD.NS is set to gain from large projects in the fiscal years 2026-2030

** Adds India's focus on ensuring energy security will drive large orders for thermal power, which may peak in FY 2026

** CLSA expects rising power demand (+3% in FY2025 year-to-date) to favour relatively inexpensive regulated companies such as NTPC, NHPC and CESC CESC.NS

** Terms PGRD, NTPC and NHPC as its top picks in the sector

** NTPC and NHPC up 2.2% and 4% respectively, while Power Grid and CESC rise about 1% each, on the day

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

** Shares of India's CESC CESC.NS fell as much as 4% before paring some losses, last down 3%

** Power generator and distributor's Q3 consol net profit fell 5.7% y/y to 2.65 bln rupees ($30.8 mln)

** Stock set for third straight session of decline

** CESC set for worst weekly performance since March 2020

** Stock climbed 40.3% in 2024

($1 = 85.9375 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru)

(([email protected];))

Jan 7 (Reuters) - CESC Ltd CESC.NS:

• CESC - ISSUES LETTER OF AWARD TO SUBSIDIARY PURVAH GREEN POWER

Source text: ID:nBSE4lGpSv

Further company coverage: CESC.NS

(([email protected];))

Nov 22 (Reuters) - CESC Ltd CESC.NS:

• CESC - TARGET TO FULLY COMMISSION 3,200 MW HYBRID RENEWABLE CAPACITY BY MARCH 2029

Source text: ID:nBSE54fWcn

Further company coverage: CESC.NS

(([email protected];;))

Nov 12 (Reuters) - CESC Ltd CESC.NS:

• CESC Q2 CONSOL NET PROFIT 3.53 BILLION RUPEES

• CESC Q2 CONSOL REVENUE FROM OPERATIONS 47 BILLION RUPEES

Source text: ID:nNSE2QPyBn

Further company coverage: CESC.NS

(([email protected];))

** Shares of Indian utility CESC CESC.NS up 3% at 193 rupees

** Co said on Monday unit Purvah Green Power entered into a share purchase agreement for acquisition of 100% stake in Deshraj Solar Energy

** Deshraj Solar Energy develops solar PV power plants

** Stock set to extend gains for a second session

** YTD stock has risen ~45%

(Reporting by Yagnoseni Das in Bengaluru)

(([email protected];))

Oct 14 (Reuters) - CESC Ltd CESC.NS:

• UNIT ENTERS INTO AGREEMENT TO ACQUIRE DESHRAJ SOLAR ENERGY

Source text for Eikon: ID:nBSE8w9cW

Further company coverage: CESC.NS

(([email protected];;))

Oct 3 (Reuters) - CESC Ltd CESC.NS:

• UNIT PURVAH GREEN POWER ENTERS INTO A BINDING TERM SHEET WITH BHOJRAJ RENEWABLES ENERGY

• DEAL FOR 1.09 BILLION RUPEES

Source text for Eikon: ID:nBSE75T657

Further company coverage: CESC.NS

(([email protected];;))

** ICICI Securities initiates coverage of Adani Energy Solutions ADAI.NS with "buy", sets TP at 1,318 rupees

** Says earnings growth may be driven by new transmission opportunities, growth in Mumbai DISCOM and co's existing smart meter wins

** Adds India's plans to bid 1.6 trln rupees ($19 billion) for transmission assets and 1.2 trln rupees for smart meters to boost growth in the sector

** Rivals Tata Power TTPW.NS and Power Grid Corp PGRD.NS rated "hold", CESC CESC.NS "buy" and Torrent Power TOPO.NS "sell" on avg - LSEG

($1 = 83.7700 Indian rupees)

(Reporting by Yagnoseni Das in Bengaluru)

(([email protected];))

Sept 19 (Reuters) - CESC Ltd CESC.NS:

• UNIT ENTERED INTO A BINDING TERM SHEET WITH ECOREN ENERGY INDIA

• TERM SHEET FOR SETTING UP WIND POWER PROJECT OF UPTO 686.85 MW

Source text for Eikon: ID:nBSEb8KjRM

Further company coverage: CESC.NS

(([email protected];;))

** Shares of CESC CESC.NS rise 5.2% to 198.4 rupees

** Investec lists the power utilities company among its top picks in the sector, citing healthy power generation, comfortable valuations and strong earnings growth prospects

** Investec says India's power demand will grow at a CAGR of 6.2% from fiscal year 2024 to 2032

** Addition of further capacity to cater to rising power demand to open opportunities in transmission, helping the likes of NTPC, CESC, Inox Wind INWN.NS and Kalpaturu KAPT.NS

** INWN and KAPT stock up 0.9% and 0.1%, respectively, NTPC stock down 0.5%, on the day - exchange data

** Investec's target price of 230 rupees is the second highest of the 10 analysts tracking the stock, whose mean rating is equivalent to "buy"

** Median target price is 205 rupees, almost similar to current levels - LSEG data

** CESC up 51% in 2024 so far, outperforming the 27.2% rise in small-cap index .NIFSMCP100 - exchange data

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

Aug 9 (Reuters) - CESC Ltd CESC.NS:

• JUNE-QUARTER CONSOL NET PROFIT 3.78 BILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 48.63 BILLION RUPEES

Source text for Eikon: ID:nBSE7LBnc1

Further company coverage: CESC.NS

(([email protected];))

July 29 (Reuters) - CESC Ltd CESC.NS:

• ACQUIRED 63.91% SHARES OF PURVAH GREEN POWER

• COST OF ACQUISITION AT 2.05 BILLION RUPEES

Source text for Eikon: ID:nBSES0XBD

Further company coverage: CESC.NS

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