CESC Ltd

(CESC)

CESC Subsidiary Signs Wind Power Project Agreement - 19 Sep, 2024

CESC's subsidiary, Purvah Green Power, has entered into a binding agreement with Ecoren Energy India to establish a 686.85 MW wind power project, anticipated to be operational within three years, pending necessary approvals.

CESC Shares Surge After Renewable Power Subsidiary Launch - 13 Sep, 2024

CESC shares rose by 4% following the incorporation of Redgaint Renewable Power Energy by its subsidiary, Purvah Green Power. The company reported a profit after tax of Rs 388 crore for the June quarter, reflecting strong financial performance. CESC's shares have gained 120.2% over the past year, significantly outperforming the BSE Sensex.

CESC Expands Renewable Energy with Solar Project - 11 Sep, 2024

CESC Limited has chosen its subsidiary, Purvah Green Power, to develop a 300 MW solar PV project, with a 25-year power purchase agreement. This initiative follows CESC's acquisition of a 63.91% stake in Purvah, aiming to boost its green energy capacity to 2GW.

CESC Chairman Emphasizes Quality for Dasara Illumination - 05 Sep, 2024

CESC chairman Ramesh Bandisidde Gowda urged engineers and electrical contractors to meet high expectations for the Dasara illumination in Mysuru, a key attraction for festivities.

CESC Expands Renewable Energy Strategy and Subsidiaries - 02 Sep, 2024

CESC plans to significantly increase its renewable energy capacity, adding 3.2 GW over three years. The stock surged after establishing Greenpulse Power, a new subsidiary.

CESC Ltd Sees Significant Market Capitalization Growth - 30 Aug, 2024

CESC Ltd's market capitalization has increased by over Rs. 5,000 crore following the Chairman's growth plan. The stock surged 2.1% to Rs. 202.5, delivering nearly 138% returns over the past year. Strong demand in Noida and Kolkata, along with improved cash flows for DISCOMs, supports positive outlook.

CESC's Growth Strategy and Target Price Update - 28 Aug, 2024

CESC is pursuing an aggressive renewable energy growth strategy, planning to add 3.2GW capacity with a capex of Rs. 12-13k crore. The company has secured agreements for wind turbine supply and aims to establish a green hydrogen production facility. A recent tariff hike will aid recovery of costs. Sharekhan maintains a 'Buy' rating with a revised target price of Rs. 236, highlighting strong growth prospects and improved ESG ratings.

CESC Stock Surges 8% on Bullish Brokerage Calls - 27 Aug, 2024

CESC stock soared over 8% to an all-time high of Rs 206.27, driven by bullish calls from brokerages. The stock has gained 150% in the past year, supported by strong power demand and positive earnings outlook. Elara Capital maintains a buy rating with a target price of Rs 228, while the company plans significant investments in renewable energy and green hydrogen production.

CESC Ltd Shows Strong Uptrend Potential - 26 Aug, 2024

CESC Ltd is trending within a medium-term rising channel, recently confirming a breakout and finding support at key Fibonacci levels. The stock indicates potential upside to Rs 209-216, supported by bullish RSI signals.

CESC Expands Renewable Energy Ventures - 21 Aug, 2024

CESC Ltd's subsidiary, Purvah Green Power, has established Ecofusion Power to explore renewable energy opportunities. The company's net profit rose 5.4% in Q1 FY25.