CESC Limited has informed the Exchange about Awarding of order(s)/contract(s)
CESC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
CESC Limited has issued 4 Letters of Award to procure 600 MW of Wind-Solar Hybrid Power on a long-term basis through a tariff-based competitive bidding process under Ministry of Power guidelines. The awards are split as 300 MW to Purvah Green Power (a CESC subsidiary), 100 MW each to Vismaya Renewables, Hexa Climate Solutions, and Sprng Energy — all domestic entities. The tariffs range from Rs. 3.74 to Rs. 3.75 per kWh, and each Power Purchase Agreement (PPA) will be for 25 years. This move is part of CESC's strategy to expand its renewable energy portfolio to meet its power demand and renewable purchase obligations.
Positive for long-term sustainability — secures cost-competitive green power for 25 years, helping CESC meet renewable purchase obligations and reduce carbon footprint. Near-term impact on stock price is likely limited as this is an operational procurement step rather than a revenue event.