CESC arm signs MoU with UP govt for Rs 3,800 cr solar project

Marquee Jv AnnouncedStrategic Transactions View source PDF Explain this filing

CESC · price

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Price reactionminutes from the announcement price · days from the prior close

-1.7%Reaction day

₹145.70

prior close

₹148.00

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.9%-2.6% vs market

Power peers, median of 34sector · industry level+1.5%-3.2% vs sector

On the reaction day the stock moved 2.6 pts less than Nifty Smallcap 250 and 3.2 pts less than its Power peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.9

10m

-2.0

15m

-0.8

30m

-1.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.7+0.9-2.6+1.5-3.2

Next day

-3.8-1.1-2.8-1.2-2.6

-2.7-0.9-1.9-0.9-1.9

-1.7+1.0-2.8+1.6-3.4

-0.2+1.0-1.2+1.4-1.6

+2.9+1.8+1.0+1.1+1.8

+1.4+3.1-1.7+2.9-1.5

15d

+3.2+3.3-0.1+3.6-0.4

+6.9+3.5+3.3+4.2+2.7

+2.4-8.0+10.4-2.8+5.2

+23.7+7.8+15.9+18.2+5.5

UpDownMarket · Nifty Smallcap 250Sector · Power peers, median of 34Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

CESC's wholly owned subsidiary CESC Green Power has signed an MoU with the Governor of Uttar Pradesh on January 20, 2026 to set up a 3 GW solar cell and module plant, a 60 MW solar power plant, an R&D lab and related infrastructure in the state. Total planned investment is around Rs. 3,800 crores.

Likely market impact

Major green energy expansion with about Rs 3,800 crores in capex, diversifying CESC beyond its core power distribution business in Kolkata.