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CESC Subsidiary Purvah Green Power Incorporates New Renewable Energy Unit
CESC Limited's subsidiary, Purvah Green Power Private Limited, has incorporated a new wholly-owned subsidiary named Purvah Bikaner - V Two Power Private Limited on March 13, 2026. CESC currently holds an 87.99% stake in Purvah Green Power, making this a step-down subsidiary. The new entity is established with an initial paid-up capital of Rs. 1,00,000 to explore growth opportunities within the renewable power sector. This move signals CESC's continued commitment to expanding its green energy portfolio.
Key Highlights
Incorporation of Purvah Bikaner - V Two Power Private Limited as a step-down subsidiary on March 13, 2026
CESC holds 87.99% stake in the parent subsidiary, Purvah Green Power Private Limited
Initial subscribed and paid-up capital of the new entity is Rs. 1,00,000
The new subsidiary is dedicated to exploring opportunities in the renewable power sector
💼 Action for Investors
Investors should view this as a positive step toward diversifying into green energy, though the immediate financial impact is minimal. Monitor future project announcements from this new renewable energy arm.
CESC Incorporates Four New Renewable Energy Subsidiaries via Purvah Green Power
CESC Limited, through its 87.99% subsidiary Purvah Green Power Private Limited, has incorporated four new wholly-owned subsidiaries on March 12, 2026. The new entities—Purvah Navurja, Purvah Cleantech Power, Purvah Bikaner - V One Power, and Purvah Clean Energy—each have an initial paid-up capital of Rs. 1,00,000. These companies are specifically established to explore and develop opportunities within the renewable power sector. This move signals CESC's continued strategic push into green energy and long-term capacity expansion.
Key Highlights
Incorporation of four new wholly-owned subsidiaries under Purvah Green Power Private Limited.
Each new entity has an initial subscribed and paid-up capital of Rs. 1,00,000.
CESC holds an 87.99% stake in the parent subsidiary, Purvah Green Power.
All four companies are focused on the renewable power sector for future growth.
The entities were incorporated on March 12, 2026, as part of a strategic expansion.
💼 Action for Investors
Investors should view this as a positive indicator of CESC's commitment to the renewable energy transition. Monitor for future announcements regarding specific project wins or capital expenditure plans involving these new subsidiaries.
CESC Seeks Approval for ₹900 Cr Loan to Green Subsidiary and Board Appointments
CESC Limited has initiated a postal ballot to seek shareholder approval for a significant financial transaction and board changes. The company proposes providing loans or advances up to ₹900 Crores to its subsidiary, Purvah Green Power Private Limited, to support its principal business activities. Furthermore, shareholders will vote on the appointment of Umang Kanoria and the re-appointment of Debanjan Mandal as Independent Directors. The e-voting process is scheduled to conclude on March 29, 2026.
Key Highlights
Proposed loan or advance of up to ₹900 Crores to subsidiary Purvah Green Power Private Limited
Appointment of Umang Kanoria as Non-Executive Independent Director for a 3-year term
Re-appointment of Debanjan Mandal as Non-Executive Independent Director for a 5-year term
E-voting period active from February 28, 2026, to March 29, 2026
The loan is intended for the subsidiary's principal business activities in the green energy sector
💼 Action for Investors
Investors should monitor the deployment of the ₹900 Crore capital into the green energy subsidiary to assess the company's transition and growth strategy in renewables.
CESC Subsidiary Bags 250 MW Wind Power Project from SECI at Rs 3.69/kWh Tariff
CESC Limited's subsidiary, Purvah Green Power Private Limited, has accepted a Letter of Award from SECI for a 250 MW wind power project. The project was secured through a tariff-based competitive bidding process under SECI-Tranche-XIX. The agreed tariff for the power supply is fixed at Rs 3.69 per kWh, ensuring steady pricing for the duration of the contract. This agreement spans 25 years from the commencement of supply, providing significant long-term revenue visibility for the company's renewable energy portfolio.
Key Highlights
Awarded 250 MW Grid-Connected Wind Power Project by Solar Energy Corporation of India (SECI)
Project won under the SECI-Tranche-XIX competitive bidding for 1200 MW ISTS-connected projects
Fixed tariff rate of Rs 3.69 per kWh established for the power supply agreement
Long-term contract duration of 25 years from the scheduled commencement of supply date
💼 Action for Investors
Investors should view this as a positive development in CESC's transition toward a greener energy mix and its expansion into renewable generation. Monitor the execution progress and capital expenditure requirements for this project over the coming quarters.
CESC Q3 FY26: Consolidated PAT up 8% to ₹304 Cr; Revenue Grows 12% to ₹4,099 Cr
CESC reported a steady Q3 FY26 performance with consolidated revenue rising 12% YoY to ₹4,099 Cr and PAT increasing 8% to ₹304 Cr. The company is aggressively pivoting towards renewables, targeting 10GW capacity by FY32 with 2,150 MW already under implementation. Operational efficiency improved as T&D losses in Rajasthan and Malegaon franchises saw significant reductions. Furthermore, CESC is diversifying into solar cell and module manufacturing with a 3GW facility planned for 2027 in Greater Noida.
Key Highlights
Consolidated Revenue for 9MFY26 increased by 10.4% YoY to ₹14,735 Cr.
Renewable energy arm Purvah Green won 480 MW of new projects (Solar+BESS and RTC) during the quarter.
Rajasthan franchise T&D losses reduced significantly to 11.5% in Q3FY26 from 14.2% in Q3FY25.
Announced a 3GW Solar Cell & Module manufacturing ecosystem with commissioning scheduled for 2027.
Consolidated PBT for 9MFY26 grew to ₹1,466 Cr compared to ₹1,316 Cr in the previous year.
💼 Action for Investors
Investors should monitor the execution of the 10GW renewable roadmap and the 3GW manufacturing foray as these represent significant long-term growth pivots. The core distribution business remains stable with improving operational metrics in newer franchises.
CESC Board Approves Q3 FY26 Unaudited Financial Results
CESC Limited's Board of Directors met on February 6, 2026, to approve the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The statutory auditors, S.R. Batliboi & Co. LLP, have issued a limited review report with no material misstatements or qualifications. This announcement confirms the company's adherence to SEBI listing regulations for timely financial disclosure. While the cover letter does not detail specific profit figures, it marks the formal release of the third-quarter performance data to the exchanges.
Key Highlights
Board approved unaudited standalone and consolidated financial results for the period ended December 31, 2025.
Statutory auditors S.R. Batliboi & Co. LLP issued a clean Limited Review Report without qualifications.
The board meeting was conducted efficiently, lasting approximately 55 minutes from 12:15 p.m. to 1:10 p.m.
Compliance confirmed under Regulations 30, 33, and 52(4) of the SEBI (LODR) Regulations 2015.
💼 Action for Investors
Investors should examine the detailed Annexure A for specific revenue growth and margin trends in the power distribution and generation segments. Monitor the company's debt-to-equity ratios and any updates on tariff revisions in the Kolkata license area.
CESC Subsidiary Signs MoU for Rs 3,800 Cr Solar Project in Uttar Pradesh
CESC Limited's subsidiary, CESC Green Power Limited, has signed a Memorandum of Understanding (MoU) with the Government of Uttar Pradesh for a major renewable energy project. The agreement involves a total investment of approximately Rs 3,800 crores. The project scope includes a 3 GW solar cell and module manufacturing plant, a 60 MW solar power plant, and dedicated R&D facilities. This move marks a significant strategic expansion for CESC into the solar manufacturing value chain.
Key Highlights
Total investment outlay of approximately Rs 3,800 crores in Uttar Pradesh
Establishment of a large-scale 3 GW Solar Cell and module manufacturing plant
Development of a 60 MW Solar Power Plant along with ancillary units
Setting up of a Research & Development Lab and supporting infrastructure facilities
💼 Action for Investors
Investors should monitor the project's execution timeline and funding structure for the Rs 3,800 crore investment. This expansion into solar manufacturing could provide long-term growth and diversification beyond traditional power distribution.
CESC Subsidiary to Invest Rs 4,500 Cr in 3 GW Solar Manufacturing and 5 GWh Battery Pack in Odisha
CESC Green Power Limited, a subsidiary of CESC, has signed a Memorandum of Understanding (MoU) with the Government of Odisha for a massive green energy manufacturing hub. The project involves an investment of approximately Rs 4,500 crores to set up 3 GW capacity each for solar cells and modules. Additionally, the facility will include a 5 GWh Advanced Chemistry Cell (ACC) pack unit and a 60 MW captive power plant. This move signifies CESC's aggressive expansion into the renewable energy value chain beyond power distribution.
Key Highlights
Investment of approximately Rs 4,500 crores in Dhenkanal district, Odisha
Establishment of 3 GW Solar Cell and 3 GW Solar Module manufacturing units
Development of a 5 GWh Advanced Chemistry Cell (ACC) Pack facility
Includes a 60 MW AC Captive Power Plant for the manufacturing unit
MoU signed with Industrial Promotion and Investment Corporation of Odisha Limited (IPICOL)
💼 Action for Investors
Investors should monitor the project's execution timeline and funding mix for this significant capital expenditure. This diversification into green manufacturing could provide long-term valuation rerating for the stock.
CESC Announces Resignation of Mr. Kush Singh as Head of Power Sector
CESC Limited has informed the exchanges that Mr. Kush Singh, the Head of the Power Sector, has resigned from his position effective January 1, 2026. The resignation was attributed to personal reasons, and he was officially relieved from his duties at the close of business hours on December 31, 2025. This change involves a key senior management role responsible for the company's core power operations. Investors should monitor for the appointment of a successor to ensure leadership continuity in this critical segment.
Key Highlights
Mr. Kush Singh resigned as the Head of the Power Sector effective January 1, 2026.
The departure was cited as being due to personal reasons according to the official filing.
The executive was relieved of his responsibilities following the close of business on December 31, 2025.
The announcement was made in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015.
💼 Action for Investors
Investors should watch for the announcement of a new Head of Power Sector to assess management stability. While the resignation is for personal reasons, leadership continuity is vital for the operational performance of CESC's core business.
CESC Subsidiary Secures 180 MW Round-the-Clock Renewable Energy Project at ₹4.35/kWh
CESC Limited's subsidiary, Purvah Green Power Private Limited, has received a Letter of Award from REMC Limited for a 180 MW Round-the-Clock (RTC) renewable energy project. The project involves setting up grid-connected renewable energy systems, potentially including storage, to ensure continuous power supply. The contract features a fixed tariff of ₹4.35 per kWh and will run for 25 years from the commissioning date. This win strengthens CESC's position in the green energy sector and provides long-term revenue visibility.
Key Highlights
Awarded 180 MW Round-the-Clock (RTC) power supply contract by REMC Limited.
Fixed tariff rate of ₹4.35 per kWh established for the project.
Long-term contract duration of 25 years from the date of commissioning.
Project to be executed by subsidiary Purvah Green Power Private Limited.
💼 Action for Investors
This is a positive move for CESC's green energy transition; investors should monitor the capital expenditure requirements and commissioning progress.
CESC Subsidiary Purvah Green Power Issues LOI for 250 MW Wind Farm in Karnataka
CESC Limited's subsidiary, Purvah Green Power Private Limited, has issued a binding Letter of Intent (LOI) to Klasscorp Solutions Private Ltd for land acquisition consultancy. This agreement is for a planned 250 MW wind farm project located at Bijapur CTU in Karnataka. The LOI is valid for one year or until definitive agreements are signed, marking a significant step in CESC's renewable energy growth strategy. The transaction is not a related party deal, ensuring independent business operations.
Key Highlights
Purvah Green Power issued a binding LOI for a 250 MW wind farm project in Karnataka.
Klasscorp Solutions will provide land acquisition and related consultancy services.
The project is strategically located at Bijapur CTU, expanding CESC's green energy footprint.
The LOI has a validity period of one year from the execution date.
The transaction involves no interest from promoters or group companies, confirming it is not a related party transaction.
💼 Action for Investors
Investors should monitor the progress of land acquisition and the signing of definitive agreements as this 250 MW project scales up CESC's renewable portfolio. This expansion is a positive indicator of the company's transition towards a greener energy mix.