CESC Ltd. Share Price

CESC - A leader now underperforming the others

CESC’s Renewable Expansion: Bridging Valuation Gaps and Accelerating Growth

CESC Limited Q1 FY27 Results 👇

CESC Limited showed steady growth compared to last year, mainly because of good performance in its power business. But profits fell a bit compared to last quarter, which had higher demand. YoY (Consolidated) ✧ Revenue from Operations: ₹5,485.00 Cr (+5.4%) ✧ Total Income: ₹5,559.00 Cr (+5.2%) ✧ Profit Before Tax: ₹546.00 Cr (+6.6%) ✧ Net Profit (Attributable to Owners): ₹402.00 Cr (+3.1%) QoQ (Consolidated) ✧ Revenue from Operations: ₹5,485.00 Cr (+33.9%) ✧ Total Income: ₹5,559.00 Cr (+32.6%) ✧ Profit Before Tax: ₹546.00 Cr (-16.4%) ✧ Net Profit (Attributable to Owners): ₹402.00 Cr (-8.4%) Positives: ✅ Company announced ₹6 dividend per share. ✅ Signed a deal to fully buy 6 renewable energy companies. ✅ Subsidiaries won a power tariff case.

CESC’s Renewable Energy Platform Makes ₹4,859 Crore Acquisition to Scale Operating Capacity

Purvah Green Power Pvt. Ltd. (PGPPL), the renewable energy arm of CESC Ltd., has signed an agreement to acquire 100% equity in six operating renewable energy companies from ReNew Solar Power Pvt. Ltd. for an Enterprise Value of ₹4,859 crore, equivalent to approximately $509 million at an exchange rate of ₹95.5/$, excluding a potential contingent payment of ₹230 crore linked to additional change-in-law claim realizations. The transaction includes ₹1,582 crore payable at closing, comprising ₹94 crore of net current assets, with ₹589 crore going toward share capital and ₹993 crore structured as unsecured promoter debt to repay existing promoter debt. The six assets comprise ReNew Hans Urja at 810 MW, ReNew Solar Photovoltaic at 506.25 MW, ReNew Wind Energy (Karnataka 3) at 24.55 MW, ReNew Wind Energy (MP Four) at 24.60 MW, ReNew Wind Energy (Karnataka 4) at 22.90 MW and ReNew Agni Power at 23.18 MW. More than 90% of the acquired operating capacity is backed by 25-year Power Purchase Agreements with SECI, while the remaining capacity is contracted with Karnataka distribution companies. PGPPL’s contracted capacity is expected to increase from around 3.4 GWp to 4.8 GWp following the acquisition, marking a shift from a development-focused renewable platform toward a larger operating portfolio with existing cash-generating assets. The transaction does not require government or regulatory approvals and is expected to close before October 31, 2026. Overall, the deal significantly expands PGPPL’s renewable capacity and operating scale, although the financial impact will depend on asset performance, financing costs and the realization of the acquired projects’ contracted cash flows.

CESC Strengthens Renewable Energy Portfolio with 175 MW Wind Power Project Win

CESC Ltd has expanded its renewable energy portfolio after its subsidiary, Purvah Green Power Pvt. Ltd., received a Letter of Award (LOA) from the Solar Energy Corporation of India (SECI) for developing a 175 MW interstate transmission system (ISTS)-connected wind power project. The award, issued on August 5, 2026, was secured through SECI's competitive bidding process under Tranche-XX, which covers 2,000 MW of wind power capacity. Under the agreement, Purvah will supply power at a tariff of ₹3.85 per kWh for a period of 25 years from the scheduled commencement of power supply, providing long-term revenue visibility. The company also clarified that the contract is not a related-party transaction and that its promoter group has no interest in SECI. Earlier this year, Purvah had secured 300 MW out of 600 MW of wind-solar hybrid projects awarded under the Ministry of Power's competitive bidding guidelines, with a tariff of ₹3.75 per kWh, while Vismaya Renewables India Project Pvt. Ltd. received 100 MW at ₹3.74 per kWh, and Hexa Climate Solutions Pvt. Ltd. and Sprng Energy Pvt. Ltd. were awarded 100 MW each at ₹3.75 per kWh. These project wins reflect CESC's continued focus on strengthening its clean energy portfolio through competitive renewable energy opportunities while supporting India's long-term energy transition.

Pre Market Report & Global Cues | 06 August, 2026

Global markets are giving mixed signals today. US markets paused after four straight days of gains. Dow managed to close higher, while the S&P 500 and Nasdaq ended slightly lower after giving up their early gains. Asian markets are mixed as well. 🟢 Singapore, China and Indonesia are trading higher. 🔴 Japan, Hong Kong, Taiwan and South Korea are in the red. Even with mixed global markets, Gift Nifty is indicating around a 70-point gap-up, suggesting a positive start for Nifty. Brent crude is holding near $79.9 a barrel, while the rupee strengthened to around 95.1 against the US dollar yesterday. Another positive for the market is that Indian bond yields moved lower after the RBI kept interest rates unchanged. Lower crude prices also helped improve sentiment. Stocks to watch today: ✧ Infosys – Expanded its AI partnership with Metsä Group. ✧ Gland Pharma – Signed a long-term manufacturing agreement with Neuland Laboratories. ✧ LIC – OFS continues today. ✧ Wipro – Launched a new enterprise resilience solution. ✧ Cohance Lifesciences – Received 5 USFDA Form 483 observations. CESC – Raised funds through non-convertible debentures. Today's View: The setup is slightly positive, but global cues are still mixed. After yesterday's session, the key will be whether Nifty can move above the recent range or continue to trade sideways.