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CESC Limited — Capital/Financing Update 2025
Jan 7, 2025
61470_rns_2025-01-07_23fbe757-114f-48e4-be74-3cf5bbe87ccf.pdf
Capital/Financing Update
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National Stock Exchange of India Limited Exchange Plaza, 5[th] Floor, Plot No. C/1, G- Block, Bandra – Kurla Complex, Bandra (East), Mumbai – 400 051 SCRIP CODE: CESC
BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001 SCRIP CODE: 500084
Dear Sir/ Madam,
Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with relevant circulars issued by the Securities and Exchange Board of India, we would like to inform that CESC Limited (CESC) has issued the Letter of Award to Purvah Green Power Private Limited (Purvah), a subsidiary of CESC, pursuant to the response submitted by Purvah on the Request for Selection document issued by CESC in terms of the “Guidelines for tariff Based Competitive Bidding Process for procurement of Power from Grid Connected Wind Solar Hybrid Power Project” dated August 21, 2023 issued by Ministry of Power, Government of India and amended from time to time, for setting up of Wind-Solar Hybrid Power Project of 150 MW with additional 150 MW capacity under Greenshoe option as per the details mentioned in “ Annexure-A ”.
Thanking you. Yours faithfully, For CESC Limited
JAGDISH PATRA Digitally signed by JAGDISH PATRA Date: 2025.01.07 18:37:51 +05'30'
Jagdish Patra Company Secretary & Compliance Officer
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Annexure-A
| Sl. No. |
Particulars | Details |
|---|---|---|
| 1 | Name of the entity to which order(s)/ contract(s) is awarded |
Purvah Green Power Private Limited (Purvah) |
| 2 | Whether order(s) / contract(s) is awarded to domestic/ international entity |
Domestic Entity |
| 3 | Significant terms and conditions of order(s)/contract(s) awarded, in brief; |
Selection of Purvah for setting up of Wind- Solar Hybrid Power Projects of 150 MW ISTS connected Wind-Solar Hybrid Power Projects in India under Tariff-based Competitive Bidding with an additional 150 MW capacity under Greenshoe option (Project). |
| 4 | Time period, if any, associated with the order(s)/contract(s) |
The power purchase agreement to be signed will remain in force for a period of 25 years from the scheduled commencement of supply date. |
| 5 | Broad commercial consideration or size of the order(s)/contract(s); |
Size of the project is 150 MW ISTS connected Wind-Solar Hybrid Power Projects in India under Tariff-based Competitive Bidding with an additional 150 MW capacity under Greenshoe option. |
| 6 | Whether the promoter/ promoter group/group companies have any interest in that entity to whom the order(s)/contract(s) is awarded? If Yes, nature of interest and details thereof; |
Yes. Purvah, is a Subsidiary of CESC Limited. |
| 7 | Whether the same would fall within related party transactions? If yes, whether the same is done at “arm’s length”. |
Yes. The aforesaid Projects is under tariff based competitive bidding and is at arm’s length basis and in the ordinary course of business. |