CESC

CESC's subsidiary Purvah Green Power received a Letter of Award from Solar Energy Corporation of India on 14 August for a 70 MW firm and dispatchable renewable-energy, round-the-clock power supply contract. The award carried a tariff of ₹5.25 per kWh and a 25-year term from the scheduled commencement of supply. It followed Purvah's response to SECI's selection process for up to 1,000 MW of renewable power, while the annexure specified 70 MW for Purvah. Purvah's renewable platform was described in August as having 1.8 GWp of operational and 4.5 GWp of contracted capacity. CESC had also received a 175 MW SECI wind award on 5 August and reported a 600 MW hybrid project under a 25-year power-purchase arrangement in April.

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

• CESC LTD - HAS RECEIVED THE LETTER OF AWARD (LOA) ISSUED BY SOLAR ENERGY CORPORATION OF INDIA

• CESC LTD - UNIT GETS LOA FOR POWER SUPPLY FROM RENEWABLE ENERGY WITH 70 MV CAPACITY

Source text: ID:nBSE4RpG3T

Further company coverage: CESC.NS

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Aug 13 (Reuters) - CESC Ltd CESC.NS:

• JUNE-QUARTER CONSOL NET PROFIT 4.02 BILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 54.85 BILLION RUPEES

• DIVIDEND OF 6 RUPEES PER SHARE

Source text: [ID:]

Further company coverage: CESC.NS

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CESC's renewable-energy subsidiary Purvah Green Power entered into an agreement to acquire six operating solar and wind project companies from ReNew Solar Power for an enterprise value of ₹4,859 crore. The assets had installed capacity of 1,411.48 MWp, with more than 90% contracted to the Solar Energy Corporation of India and the balance to Karnataka distribution companies under 25-year power purchase agreements. Cash payable at closing was ₹1,582 crore, including ₹589 crore for the shares and ₹993 crore of unsecured promoter debt to repay existing promoter debt; a contingent payment estimated at ₹230 crore was excluded from enterprise value. Completion was expected before 31 October 2026 and would take Purvah's operational capacity above 1.8 GWp and its contracted or tied-up capacity to 4.8 GWp, including 2.2 GWh of battery capacity under implementation. The transaction followed Purvah's 600 MW hybrid power purchase agreements signed in April and its 175 MW Solar Energy Corporation of India wind letter of award in August.

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Aug 10 (Reuters) - India's CESC CESC.NS said on Monday its renewable energy platform Purvah Green Power will buy a 1.4-gigawatt operational solar portfolio from ReNew Solar Power for 48.59 billion rupees ($510.1 million).

Here are some more details:

• The transaction, expected to close before October 31, will be funded by the parent company, and will accelerate the group's plan to build a 10 GW renewable energy platform over the next few years.

• The portfolio being bought comprises six operating projects across Rajasthan and Karnataka states, with more than 90% of the capacity contracted to state-run Solar Energy Corp of India under long-term power purchase agreements.

• Following the acquisition, Purvah's contracted renewable energy capacity will increase to 4.8 GW, including 1.8 GW of operational capacity and 3 GW under construction.

• CESC is the flagship power utility of the RP-Sanjiv Goenka Group and serves about 4.4 million consumers through its power distribution businesses.

• Incorporated in 2023, Purvah develops and operates solar, wind and hybrid renewable energy projects across India.

($1 = 95.2550 Indian rupees)

(Reporting by Abhinav Parmar in Bengaluru; Editing by Mrigank Dhaniwala)

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CESC’s subsidiary Purvah Green Power received a Letter of Award from SECI for a 175 MW grid-connected wind power project under the agency’s Tranche-XX tariff-based bidding programme. The award carried a tariff of ₹3.85 per kWh and a 25-year power-supply term from the scheduled commencement of supply. Purvah had received a 600 MW hybrid award in March and signed 600 MW of hybrid PPAs in April at tariffs of ₹3.74-3.75 per kWh. CESC had 1,200 MW of renewable capacity under construction and was pursuing a 3.2 GW hybrid portfolio by FY29.

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

• CESC LTD - UNIT RECEIVED LETTER OF AWARD ISSUED BY SOLAR ENERGY CORPORATION OF INDIA

• CESC LTD - LOA FOR 175 MW WIND POWER PROJECT AT TARIFF RATE OF 3.85 RUPEES PER KWH FOR 25 YEARS

Source text: ID:nnAZN4TC769

Further company coverage: CESC.NS

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

• BOARD APPROVES ISSUE OF NCDS WORTH 2.5 BILLION RUPEES ON PRIVATE PLACEMENT BASIS

Source text:

Further company coverage: CESC.NS

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

• CESC - TO CONSIDER ISSUE OF SECURED UNLISTED REDEEMABLE RATED NON-CONVERTIBLE DEBENTURES ON AUGUST 3, 2026

Source text: ID:nNSED2znD

Further company coverage: CESC.NS

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** 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)

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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

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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

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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

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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

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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

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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

NEW DELHI, Oct 10 (Reuters) - India plans to open up its electricity retail market for private companies, ending the dominance of state-run distributors in some states, according to draft regulations proposed by the federal power ministry.

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

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

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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

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** 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)

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** 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)

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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

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

• UNIT AWARDS CONTRACT TO WAAREE RENEWABLE FOR 300 MW AC / 435 MW DC SOLAR PROJECT

• CONTRACT PRICE ABOUT 3.46 BILLION RUPEES

Source text: ID:nBSE3fYj6P

Further company coverage: CESC.NS

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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

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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

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

• CESC LTD - ENTERS POWER PURCHASE AGREEMENT FOR 300 MW PROJECT

Source text: ID:nNSE443q4g

Further company coverage: CESC.NS

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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

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** 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;))

Jan 10 (Reuters) - CESC Ltd CESC.NS:

• Q3 CONSOL NET PROFIT 2.65 BILLION RUPEES

• Q3 CONSOL REVENUE FROM OPERATIONS 35.61 BILLION RUPEES

• DIVIDEND OF 4.50 RUPEES PER SHARE

Source text: ID:nNSE9kRGmq

Further company coverage: CESC.NS

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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

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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

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