CESC Limited has informed the Exchange about Bagging/Receiving of orders/contracts
CESC · price
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Purvah Green Power Private Limited, a subsidiary of CESC Limited, has received a Letter of Award from Solar Energy Corporation of India Limited (SECI), a government entity, for setting up a 250 MW grid-connected wind power project. The project is part of SECI's Tranche-XIX tariff-based competitive bidding process for 1200 MW of ISTS-connected wind power projects in India. The agreed tariff is Rs 3.69 per kWh, and the contract is for 25 years from the scheduled date of supply commencement. This marks a significant step for CESC's expansion into the renewable energy space beyond its traditional power distribution business in Kolkata.
This is a positive development for CESC shareholders as it adds long-term, government-backed revenue visibility over 25 years and diversifies the company's portfolio into clean energy. The order strengthens CESC's renewable energy pipeline, though execution timelines and project costs will be key factors to watch.