Announced Fri, 14 Aug · 20:44 IST
CESC subsidiary Purvah wins 70 MW SECI renewable energy contract
CESC · price
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Price reaction · full curve 14 horizons · vs prior close
+0.2%1-day move
₹167.70
prior close
₹168.99
base price
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AI summary
CESC's subsidiary Purvah Green Power has received a Letter of Award from Solar Energy Corporation of India (SECI) for supplying 70 MW of firm and dispatchable renewable energy round-the-clock power from ISTS-connected projects. The award is part of SECI's 1000 MW FDRE-RTC tender. Tariff is fixed at Rs 5.25 per kWh for 25 years from the scheduled commencement date. The order is domestic with no related party interest.
Likely market impact
Adds a significant long-term revenue stream over 25 years at fixed tariff of Rs 5.25 per kWh, expanding CESC's renewable energy portfolio beyond its core Kolkata business.