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CESC Limited — Capital/Financing Update 2025
Jan 7, 2025
61470_rns_2025-01-07_3687d09a-165f-4f3d-8e22-8de0d2561c5e.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 awardedto domestic/ international entity | Domestic Entity |
| 3 | Significant terms and conditions oforder(s)/contract(s) awarded, in brief; | Selection of Purvah for setting up of Wind-Solar Hybrid Power Projects of 150 MW ISTSconnected Wind-Solar Hybrid Power Projectsin India under Tariff-based CompetitiveBidding with an additional 150 MW capacityunder Greenshoe option (Project). |
| 4 | Time period, if any, associated with theorder(s)/contract(s) | The power purchase agreement to be signedwill remain in force for a period of 25 yearsfrom the scheduled commencement of supplydate. |
| 5 | Broad commercial consideration or size ofthe order(s)/contract(s); | Size of the project is 150 MW ISTS connectedWind-Solar Hybrid Power Projects in Indiaunder Tariff-based Competitive Bidding withan additional 150 MW capacity underGreenshoe option. |
| 6 | Whetherthepromoter/promotergroup/group companies have any interestinthatentitytowhomtheorder(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 withinrelated party transactions? If yes, whetherthe same is done at “arm’s length”. | Yes.The aforesaid Projects is under tariff basedcompetitive bidding and is at arm’s lengthbasis and in the ordinary course of business. |