CESC Limited has informed the Exchange regarding 'Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015'.
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CESC Limited's subsidiary, Purvah Green Power Private Limited, has issued a Letter of Award to Waaree Renewable Technologies Limited for building a 300 MW AC / 435 MW DC solar power plant in Bikaner, Rajasthan. The contract covers design, supply, installation, testing, commissioning, and handing over of the project, valued at approximately Rs 346.33 crore excluding taxes. The project is scheduled for completion in FY 2025-26. The contract has been awarded to a domestic entity, and there is no promoter group interest or related party involvement in Waaree Renewable Technologies.
This signals CESC's expansion into renewable energy generation through its subsidiary, adding meaningful solar capacity to its portfolio. The Rs 346 crore capital outlay is a significant capex commitment but aligns with the broader push by power utilities toward green energy, which should be viewed as a positive long-term strategic move for shareholders.