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CESC Ltd ( (IN:CESC) ) has shared an update.
CESC Ltd has issued four Letters of Award to domestic renewable developers for the long-term supply of a total 600 MW of wind-solar hybrid power under a tariff-based competitive bidding process. The awards, made under India’s guidelines for procuring power from grid-connected wind-solar hybrid projects, include a 300 MW contract to subsidiary Purvah Green Power and three 100 MW contracts to Vismaya Renewables, Hexa Climate Solutions and Sprng Energy at tariffs of about Rs 3.74–3.75 per kWh.
Each power purchase agreement will run for 25 years, significantly expanding CESC’s access to renewable capacity and providing long-term tariff visibility. The structure, including a related-party transaction with subsidiary Purvah executed via competitive bidding, underscores CESC’s push to deepen its renewable mix while adhering to regulatory norms, with implications for its generation costs, emissions profile and long-term supply security.
More about CESC Ltd
CESC Ltd is an Indian integrated power utility engaged in electricity generation and distribution, primarily serving consumers in and around Kolkata. The company is increasingly focusing on securing renewable energy through long-term power purchase agreements, aligning its portfolio with national policies promoting clean and hybrid power solutions.
Average Trading Volume: 186,900
Technical Sentiment Signal: Buy
Current Market Cap: 207.9B INR
For detailed information about CESC stock, go to TipRanks’ Stock Analysis page.