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 consolidated net profit declines 6.75% in the March 2025 quarter
 ( Results - Announcements 15-May-25   15:44 )
  CESC rises as arm secures 300 MW solar project from SECI
 ( Hot Pursuit - 29-Oct-25   09:25 )
  CESC schedules AGM
 ( Corporate News - 18-Aug-26   10:39 )
  CESC gains after arm plans to build solar, battery units across India
 ( Hot Pursuit - 19-Sep-25   12:53 )
  CESC subsidiary secures LoA for setting up 300 MW solar power project with ESS
 ( Corporate News - 28-Oct-25   18:35 )
  CESC ends higher after Q2 PAT climbs 20% YoY to Rs 425 cr
 ( Hot Pursuit - 20-Oct-25   17:20 )
  Indices reverse losses, realty shares under pressure
 ( Market Commentary - Mid-Session 21-Aug-24   10:33 )
  Barometers drop in early trade; breadth negative
 ( Market Commentary - Mid-Session 31-Dec-24   09:36 )
  Purvah Green Power receives LoA for 250 MW wind power project
 ( Corporate News - 12-Feb-26   20:24 )
  CESC arm Purvah bags wind-solar hybrid contract
 ( Hot Pursuit - 31-Dec-24   09:59 )
  CESC announces board meeting date
 ( Corporate News - 07-May-25   11:31 )
Other Stories
  HCL Tech Q2 PAT rises 11% QoQ to Rs 5,132 cr
  12-Oct-26   18:04
  Siyaram Recycling rises after bagging order worth Rs 2 crore
  12-Oct-26   15:11
  AvenuesAI Ltd leads losers in 'A' group
  12-Oct-26   15:00
  Praxis Home Retail Ltd leads losers in 'B' group
  12-Oct-26   14:45
  Volumes spurt at Gallantt Ispat Ltd. counter
  12-Oct-26   14:30
  Swaraj Engines gains after Q2 PAT rises 22% YoY to Rs 61 cr
  12-Oct-26   14:04
  Tech Mahindra drops as SpaceX expansion rattles telecom stocks
  12-Oct-26   13:10
  NTPC Green Energy Ltd rises for third consecutive session
  12-Oct-26   13:05
  Aeroflex Inds soars as board to consider capacity expansion
  12-Oct-26   12:42
  Rajesh Power Services sizzles on Rs 472 crore MGVCL orders
  12-Oct-26   12:40
Back Top