CESC

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)

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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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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

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** 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)

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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

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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

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** 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)

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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

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** 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

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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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** Shares of Indian utility CESC CESC.NS up as much as 9.9% to hit record high 189.04 rupees

** CESC last up ~6% after local media reported co will hike power tariffs, levy an additional 5.7% on June electricity bills

** Trading vols 3.2x 30-day avg

** YTD stock had risen ~36%

(Reporting by Hritam Mukherjee in Bengaluru)

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** Shares of Inox Wind INWN.NS rise as much as 15.1% to 164 rupees, highest since May 27

** Co said on Thursday its promoter Inox Wind Energy INOX.NS completed the infusion of 90 bln rupees ($1.1 bln) in co to pare down external term debt to achieve net debt free status

** More than 65 mln shares change hands, 6.4x its 30-day avg

** Stock up 28% so far this year vs a 20% and 46% rise, respectively, in shares of rival CESC CESC.NS and Suzlon Energy SUZL.NS

($1 = 83.4890 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

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

• INTIMATION REGARDING FIRE INCIDENT

• FIRE INCIDENCE OCCURRED AT UNIT -1 GENERATOR TRANSFORMER IN THE PLANT LOCATED AT BANESWAR CHAK, WEST BENGAL

• FIRE HAS SUBSIDED AND HEL IS CURRENTLY ASSESSING CAUSE OF FIRE AND EXTENT OF DAMAGE

• AIM TO RESUME OPERATIONS AT PLANT AS SOON AS POSSIBLE

• FIRE CAUSED PARTIAL DISRUPTION IN PLANT OPERATION

Source text for Eikon: ID:nNSE71Vy2D

Further company coverage: CESC.NS

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** Shares of CESC CESC.NS fell as much as 3.8%, last down 1.2% at 144.9 rupees

** Electricity generation firm's Q4 profit fell 7.6% YoY

** Rival Power Grid Corp's PGRD.NS Q4 profit dropped, after which its stock fell

** CESC rated "buy" on avg, PGRD rated "hold" - LSEG data

** CESC up 8.7% YTD, PGRD up 34.9%

(Reporting by Varun Vyas in Bengaluru)

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

• PURVAH GREEN POWER ENTERED INTO SHARE PURCHASE AGREEMENT WITH SKP GREEN VENTURES AND BHADLA THREE SKP GREEN VENTURES

• CASH CONSIDERATION AT 38.4 MILLION RUPEES

Source text for Eikon: ID:nBSE3yc0C9

Further company coverage: CESC.NS

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April 8 (Reuters) - CESC Ltd CESC.NS:

• CESC- GETS ORDER OF DETERMINATION OF TAX, INTEREST, PENALTY ISSUED BY GOVERNMENT OF WEST BENGAL FOR FY2018-19 AT 149.5 MILLION RUPEES

Source text for Eikon: ID:nBSE60zSMX

Further company coverage: CESC.NS

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** Shares of power generator JSW Energy JSWE.NS up 4.6%

** Co receives bids for setting up 700 milliwatt and 300 milliwatt power generating grids in two renewable energy parks

** Stock trading above its 200-day simple moving avg since July 2023, volumes over 1x the 30-day avg

** Analysts' average rating on co is equivalent of "hold", their median PT is 507 rupees - 6% premium on last close, per LSEG data

** Including sessions' gains, stock up ~22% YTD, it surged 42% in 2023

** Analysts' avg rating on peer Tata Power TTPW.NS is "hold", while on CESC CESC.NS it is "buy"

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

March 5 (Reuters) - CESC Ltd CESC.NS:

• CRESCENT POWER HAS ACQUIRED 100% SHAREHOLDING OF PURVAH GREEN POWER

Source text for Eikon: ID:nBSEfg2LW

Further company coverage: CESC.NS

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** Shares of Inox Wind INWN.NS rise as much as 6.7% to a record high of 578.8 rupees

** Wind turbine generator maker says it signed agreement with CESC CESC.NS to install and supply 1,500 MW wind capacity over the next 3-4 yrs

** Shares of CESC rise 1.8%

** INWN trading above its 200-day simple moving avg since May

** Stock up 9.6% so far this week; on track for four consecutive weekly gains, if trend holds

(Reporting by Ashna Teresa Britto in Bengaluru)

(([email protected] ; ( +91 8078332441))

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

• DIVIDEND 4.5 RUPEES PER SHARE

• DEC-QUARTER CONSOL NET PROFIT 2.81 BILLION RUPEES VERSUS 3.19 BILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 32.44 BILLION RUPEES VERSUS 31.29 BILLION RUPEES

Further company coverage: CESC.NS

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** Shares of CESC CESC.NS rise nearly 2%

** The electricity supplier said on Wednesday the Uttar Pradesh Electricity Regulatory Commission approved a power purchase agreement (PPA)

** A PPA is for power procurement of 95 MW RTC power per annum for a period of five years

** Avg analyst rating of CESC stock is "strong buy", as per LSEG data; PT of 108 rupees is below current market price

** Stock on track for a third weekly gain, if current trend holds

** Stock gained ~73% in 2023, while peers Tata Power Company TTPW.NS and NTPC NTPC.NS climbed about 60% and 87%, respectively

(Reporting by Yagnoseni Das in Bengaluru)

(([email protected]; +91 6001289066;))

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

• RECEIVED ORDER FROM UTTAR PRADESH ELECTRICITY REGULATORY COMMISSION

• UNIT GOT ORDER APPROVING POWER PURCHASE AGREEMENT FOR PROCUREMENT OF POWER OF 95 MW RTC POWER PER ANNUM FOR PERIOD OF 5 YEARS

Source text for Eikon: ID:nNSE9dVsmQ

Further company coverage: CESC.NS

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** Shares of Indian Energy Exchange (IEX) IIAN.NS up 4.3% to 168.5 rupees, highest since mid-Aug, 2022

** Reuters could not immediately ascertain the reason for the move

** More than 69.4 mln shares change hands so far, most active session since June 9

** Mean rating of nine analysts is "sell"; median PT is 127.5 rupees, 24.3% lower than current price - LSEG data

** IEX only stock among major peers NTPC NTPC.NS, Power Grid Corp PGRD.NS, Tata Power TTPW.NS, and CESC CESC.NS with avg "sell" rating

** Stock's roughly 20% climb in 2023 outpaced by peers NTPC, PGRD, TTPW, CESC

(Reporting by Varun Vyas in Bengaluru)

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