CESC Limited has informed the Exchange regarding 'Intimation under Regulation 30 of SEBI (Listing Obligations and DisclosuresRequirements) Regulations, 2015 ( SEBI LODR Regulations )'.
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CESC Limited has signed Power Purchase Agreements (PPAs) with four companies to procure 600 MW of power from grid-connected wind-solar hybrid projects. The sellers are Purvah Green Power (300 MW, a CESC subsidiary), Vismaya Renewables (100 MW), Hexa Climate Solutions (100 MW), and Sprng Energy (100 MW). All agreements are for 25 years at tariffs of Rs. 3.74–3.75 per kWh, following Letters of Award issued on March 17, 2026. This is a follow-up intimation under SEBI Listing Regulations, and the Purvah contract is a related-party transaction done at arm's length under tariff-based competitive bidding.
This is a positive, long-term step for CESC's clean energy sourcing, locking in 600 MW of renewable power for 25 years at competitive tariffs. Shareholders should note that 300 MW comes from a CESC subsidiary (Purvah), which diversifies the group's renewable footprint and could support cost stability, though execution and subsidiary performance will need to be tracked over time.