CESC subsidiary Deshraj Solar signs 300 MW wind tower supply contract

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Price reactionminutes from the announcement price · days from the prior close

-2.3%Reaction day

₹170.00

prior close

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announcement price

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-0.7%-1.5% vs market

Power peers, median of 34sector · industry level-0.5%-1.8% vs sector

On the reaction day the stock moved 1.5 pts less than Nifty Smallcap 250 and 1.8 pts less than its Power peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Deshraj Solar Energy, a subsidiary of CESC, signed a Tower Supply Contract with Toolfab Renewable Energy for a 300 MW wind project in Ralla and Kurburahalli villages, Andhra Pradesh. Toolfab will supply 91 wind turbine generator towers within 12 months from the date of Notice to Proceed. The contract is not a related party transaction as promoter group has no interest in Toolfab.

Likely market impact

Supports CESC's renewable energy expansion. 300 MW wind project adds to subsidiary Deshraj's capacity pipeline. No related party concerns.