CESC Ltd Share Price – NSE /  BSE

Power Generation & Distribution, Small Cap

According to a regulatory filing, the LoI was issued on 22 November 2024, for the acquisition of a company responsible for electricity distribution and retail supply in the Union Territory of Chandigarh. The distribution company also holds the necessary distribution license for the region.

The said contract valued at Rs 871 crore and it is expected to be executed within 30 days from the issuance of the LoI.

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.

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Net profit of CESC rose 1.44% to Rs 353.00 crore in the quarter ended September 2024 as against Rs 348.00 crore during the previous quarter ended September 2023. Sales rose 8.00% to Rs 4700.00 crore in the quarter ended September 2024 as against Rs 4352.00 crore during the previous quarter ended September 2023.

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CESC will hold a meeting of the Board of Directors of the Company on 12 November 2024

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Deshraj Solar Energy engaged in the development of a solar photovoltaic (PV) power plant of 300 megawatt capacity in India and its related activities.

The company will acquire Deshraj Solar Energy to expand the renewable energy business. The said acquisition will be completed within two days.

Post the completion of acquisition of shares, the Deshraj Solar Energy will become a step-down subsidiary of the company.

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 5.4% to Rs 388 crore in Q1 FY25 as compared with Rs 368 crore in Q1 FY24. Net sales jumped 12.8% YoY to Rs 4,863 crore in Q1 FY25.

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