CESCNSECESC Limited· PowerLowNeutral
Announced Mon, 23 Mar · 19:49 IST

CESC Limited has informed the Exchange about General Updates

Strategic Transactions View source PDF

CESC · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
+2.0%1-day move
₹149.19
prior close
₹151.90
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.0-0.7-0.8-1.2+2.0+1.1+0.5+2.9+2.6+2.8+20.2+20.8+24.6+13.9
Up moveDown movePending
AI summary

CESC Limited has informed the exchanges that its subsidiary, Purvah Green Power Private Limited (in which CESC holds 87.99%), has incorporated a new Wholly Owned Subsidiary named Purvah Poweredge Private Limited (PPPL) on March 23, 2026. The new entity has been set up with a modest paid-up capital of Rs. 1 Lakh and will operate in the renewable power sector, exploring opportunities in this space. PPPL is registered in West Bengal (CIN: U35100WB2026PTC287592) and currently has no turnover as it is newly incorporated. No government or regulatory approvals were required for this incorporation.

Likely market impact

This is a small, strategic step into the renewable energy space through a new subsidiary. For shareholders, the financial impact is negligible at this stage given the tiny capital base, but it signals CESC's intent to gradually build a presence in green energy beyond its core power distribution business.