Hot Pursuit     31-Dec-24
CESC arm Purvah bags wind-solar hybrid contract
CESC announced that its subsidiary, Purvah Green Power received a letter of award (LoA) from CESC’s another subsidiary, Noida Power Company (NPCL) for wind-solar hybrid power projects.
The LoA has been issued by NPCL to Purvah, following the response submitted by Purvah on the request for selection document issued by NPCL in terms of the 'Guidelines for Tariff Based Competitive Bidding Process for procurement of power from grid connected wind solar hybrid project’ dated August 21, 2023 issued by Ministry of Power, GoI and amended from time to time.

The project involves the supply of 300 MW of wind-solar hybrid power on a long-term basis. The power purchase agreement to be signed will remain valid for 25 years from the scheduled commencement of supply.

CESC is a fully integrated electrical utility company. The company's other business segments include power, organized retailing, property development, and business process outsourcing.

The company’s consolidated net profit increased 1.40% to Rs 353 crore in Q2 FY25 as compared with Rs 348 crore recorded in Q2 FY24. Net sales rose 8% YoY to Rs 4700 crore in Q2 FY25.

Shares of CESC shed 0.70% to Rs 183.80 on the BSE.

Previous News
  CESC drops as PAT slides 6% YoY to Rs 265 crore in Q3
 ( Hot Pursuit - 10-Jan-25   16:04 )
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  CESC arm Purvah bags wind-solar hybrid contract
 ( Hot Pursuit - 08-Jan-25   10:24 )
  CESC awards 150 MW wind-solar hybrid power project to Purvah Green Power
 ( Corporate News - 08-Jan-25   10:18 )
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 ( Corporate News - 31-Dec-24   11:58 )
  CESC arm Purvah bags wind-solar hybrid contract
 ( Hot Pursuit - 31-Dec-24   09:59 )
  Barometers drop in early trade; breadth negative
 ( Market Commentary - Mid-Session 31-Dec-24   09:36 )
  NPCL awards 300 MW renewable energy project to Purvah
 ( Corporate News - 31-Dec-24   09:26 )
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 ( Hot Pursuit - 05-Dec-24   09:30 )
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