This small-cap green energy stock engaged in electricity generation and distribution, providing a reliable power supply to consumers while also expanding into renewable energy through its subsidiaries, is in focus after signing a Power Purchase Agreement (PPA) with Tata Power.
Stock Price Movement:
With a market capitalization of Rs. 21,089.83 crore, the shares of CESC Limited closed at Rs. 159.10 per equity share on Wednesday, rising nearly 1.18 percent from its previous day’s close price of Rs. 157.25.
What Happened
CESC Limited has received approval from the Maharashtra Electricity Regulatory Commission (MERC) for a Power Purchase Agreement between The Tata Power Company Limited and its wholly-owned subsidiary, Dhariwal Infrastructure Limited.
Under this agreement, Dhariwal Infrastructure will receive an order to supply 75 MW of firm power from its STU-connected coal plant at Chandrapur, Maharashtra, for the period from May 1, 2025, to April 30, 2027, at a tariff rate of Rs. 5.47 per unit.
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Renewable Energy Expansion
The company plans to add 3,200 MW of clean energy by March 2029, with 1,700 MW from wind and 1,500 MW from solar. It will add 1,400 MW in FY27, 2,400 MW in FY28, and complete the target in FY29. This shows a strong focus on green energy and steady future growth in the renewable sector.
Recent quarter results
CESC Limited’s revenue has increased from Rs. 3,244 crore in Q3 FY24 to Rs. 3,561 crore in Q3 FY25, which has grown by 9.77 percent. The net profit has reduced by 6.74 percent from Rs. 301 crore in Q3 FY24 to Rs. 282 crore in Q3 FY25.
Company Overview
CESC Limited was established in 1899 and formerly known as The Calcutta Electric Supply Corporation (India) Limited, and is a leading integrated power utility company in India. The company is primarily engaged in the generation, transmission, and distribution of electricity and operates under the RP-Sanjiv Goenka Group.
Written By – Nikhil Naik
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