CESC Ltd. News and Updates

Name: Latest research reports of CESC Ltd. authored by Sharekhan and published by - Trendlyne research reports.
Item: CESC Ltd.
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Author: Sharekhan

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CESC Ltd.

23 Nov 2024

160.03

1.82%

CESC secures LoI for Rs 871 cr deal to acquire Chandigarh power firm

Business Standard

After a nearly three-year wait because of legal wrangles, Eminent Electricity Distribution Ltd, a subsidiary of CESC Ltd, has received the Letter of Intent (LOI) for acquiring 100 per cent equity in a company responsible for electricity distribution and retail supply in Chandigarh. CESC, part of the RP-Sanjiv Goenka Group, had emerged as the highest bidder for the Rs 871-crore deal, securing the tender for the Chandigarh distribution business in 2021. However, the privatisation bid was challenged by trade unions. The Punjab and Haryana High Court recently dismissed the petition filed by employees of the Chandigarh Power Department, clearing the way for privatising power distribution services in the union territory. We write to inform you that Eminent Electricity Distribution Ltd, a wholly-owned subsidiary of CESC Ltd, has received a Letter of Intent for acquiring 100 per cent shares in a distribution company responsible for electricity distribution and retail supply in the Union...

CESC Ltd. is trading above its 100 day SMA of 155.7

CESC Ltd.

18 Nov 2024

160.03

1.82%

Soft Q2; Renewable energy capex to drive growth

Buy: CESC Ltd.

Target

Sharekhan

CESC’s consolidated PAT increased by 1.4% y-o-y to Rs. 353 crore with good performance in Haldia and Dhariwal but it was dragged down by the standalone business and Malegaon DF.

Number of FII/FPI investors decreased from 260 to 230 in Mar 2025 qtr

CESC Ltd.

13 Nov 2024

160.03

1.82%

CESC Q2 Results Live: Profit Rise by 1.44% YoY

livemint

CESC Q2 Results Live: Revenue increased by 8% YoY & profit increased by 1.44% YoY

CESC Ltd. is trading above its 100 day SMA of 155.7

CESC Ltd.

12 Nov 2024

160.03

1.82%

CESC Q2FY25 results: Net profit grows 3% to Rs 373 cr on higher income

Business Standard

Power utility firm CESC Ltd on Tuesday reported a nearly 3 per cent rise in consolidated net profit to Rs 373 crore in the September 2024 quarter, aided by higher income. It posted a profit of Rs 363 crore during the three months ended September 2024, the company said in a regulatory filing. The company's total income rose to Rs 4,770 crore from Rs 4,414 crore in the year-ago period. Expenses stood at Rs 4,427 crore against Rs 4,314 crore a year ago.

CESC Ltd. is trading below its 150 day SMA of 165.8

CESC Ltd.

14 Oct 2024

160.03

1.82%

CESC Subsidiary To Fully Acquire Deshraj Solar Energy

NDTV Profit

Deshraj Solar Energy is involved in the development of a solar photovoltaic power plant of 300-megawatt capacity in India.

CESC Ltd. is trading above its 100 day SMA of 155.7

CESC Ltd.

26 Sep 2024

160.03

1.82%

Stock to buy today: CESC (206): BUY

Business Line

CESC share price can rise to 225

CESC Ltd. has an average target of 195.00 from 1 broker.

CESC Ltd.

13 Sep 2024

160.03

1.82%

CESC gains 4% after arm incorporates Redgaint Renewable Power

Business Standard

CESC arm Purvah Green Power incorporates Redgaint Renewable Power Energy to explore opportunities in renewable power sector

CESC Ltd. has an average target of 195.00 from 1 broker.

CESC Ltd.

02 Sep 2024

160.03

1.82%

CESC soars 3% on incorporating new subsidiary in renewable power sector

Business Standard

CESC stock price surged up to 3.2 per cent at Rs 200.60 per share on the BSE in Monday's intraday trade

Number of FII/FPI investors decreased from 260 to 230 in Mar 2025 qtr

CESC Ltd.

27 Aug 2024

160.03

1.82%

Renewable energy capacity addition to drive growth

Buy: CESC Ltd.

Target

Sharekhan

CESC’s aggressive RE growth strategy with a plan to add 3.2GW (capex of ~Rs. 12-13k cr) in the next four years makes a good value proposition given the lower RE cost.

Number of FII/FPI investors decreased from 260 to 230 in Mar 2025 qtr

CESC Ltd.

21 Aug 2024

160.03

1.82%

Here's why CESC stock price jumped over 3% on August 21; details here

Business Standard

The shares of CESC rose after the company announced that its subsidiary, Purvah Green Power Private Limited has incorporated a Wholly Owned Subsidiary (WOS) company, Ecofusion Power Private Limited.