CESC eyes renewable energy expansion, targets 3.2 GW by FY29

CESC Limited announced its strategic push into renewable energy, highlighting significant investments and key performance indicators in its latest investor presentation. The company aims to commission 3.2 GW of renewable energy projects by March 2029 under Phase 1, with an overall Phase-2 capacity target of 10,000 MW through its subsidiary, Purvah Green Power Private Ltd. Key initiatives include securing connectivity for 6.3 GW and planned investments in renewable energy executing 3.2 GW hybrid renewable projects over the next three years, with 1200 MW (Solar 600 MW & Wind 600 MW) in Rajasthan, MP & AP already under implementation with power offtake tied up. CESC reported consolidated revenue of INR 17,375 Cr and EBITDA of INR 4,311 Cr for FY25.