CESC Limited has informed the Exchange about General Updates
CESC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
CESC Limited has signed a 25-year Power Purchase Agreement (PPA) for a 300 MW Wind Solar Hybrid Power Project at a tariff of Rs. 3.81 per kWh. The agreement is between CESC and its wholly-owned subsidiary, Bhojraj Renewables Energy Private Limited. The PPA is subject to approval from the West Bengal Electricity Regulatory Commission (WBERC) and will come into force once that approval is granted. This is an internal arrangement between the parent company and its subsidiary rather than a third-party contract.
This signals CESC's growing push into renewable energy, which could reduce the company's long-term power purchase costs and improve its sustainability profile. For shareholders, the move strengthens the group's vertical integration in power generation but is not a new external revenue opportunity. Investors should watch for WBERC approval timelines and future capacity additions.