Solar Power Company-CESC Ltd’s Subsidiary, Purvah Green Power receives an order from Solar Energy Corporation of India Ltd
DSIJ Intelligence-1 / 29 Oct 2025/ Categories: Mindshare, Trending
The stock is up by 56 per cent from its 52-week low of Rs 119 per share.
CESC Limited's subsidiary, Purvah Green Power Private Limited (Purvah), has received a significant Letter of Award (LoA) from the Solar Energy Corporation of India Limited (SECI), dated October 27, 2025. This domestic order involves the selection of Purvah to establish a Solar Power Project with an Energy Storage System (ESS), totalling 300 MW contracted capacity. The selection was made through a Tariff-based Competitive Bidding process, aligning with the "Guidelines for Tariff-Based Competitive Bidding Process for Procurement of Firm and Dispatchable Power from Grid-Connected Renewable Energy Power Projects with Energy Storage Systems" issued by the Ministry of Power, Government of India.
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The project is for the power supply from this combined Solar PV Power Project and ESS. The significant terms include a set tariff rate of Rs 2.86 per kWh. Crucially, the power purchase agreement is for a long duration, with the order/contract to be executed over a period of 25 years from the scheduled commencement of supply date. This award is a result of Purvah's successful response to SECI's Request for Selection for setting up a larger total capacity of ISTS-connected Solar PV Power Projects with ESS across India.
About the Company
CESC Ltd is a leading Indian electrical utility company with a comprehensive portfolio spanning generation, transmission and distribution. It operates in West Bengal, serving over 3.4 million consumers. CESC owns and operates thermal power plants, including Budge Budge Generating Station and Southern Generating Station, with a combined capacity of 885 MW. Additionally, it has commissioned the Haldia Thermal plant (600 MW) and has a presence in renewable energy through solar power plants in Gujarat and Tamil Nadu. The company's distribution network extends across Kolkata, Greater Noida, Rajasthan and Chandigarh, encompassing EHV, HV and LV lines, substations and distribution stations. CESC also holds a joint venture with Noida Power Company Limited, securing exclusive power distribution rights for the Kolkata and Greater Noida regions.
The company has a market cap of over Rs 24,000 crore and has been maintaining a healthy dividend payout of 44.1 per cent. The stock is up by 56 per cent from its 52-week low of Rs 119 per share.
Disclaimer: The article is for informational purposes only and not investment advice.