10 Aug 2026
CESC subsidiary Purvah Green Power signed a share purchase agreement to buy 1.4 GWp of operational renewable capacity from ReNew at an enterprise value of 4,859 crore rupees.
The six project vehicles in Rajasthan and Karnataka sell over 90 percent of their output to SECI on 25-year agreements, so CESC is buying contracted cash flow rather than construction risk, taking its operational base to 1.8 GWp.
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Anand Ganapathy K | SEBI Registered Research Analyst | INH000016630. Stock notes are market commentary for general information and education. They are not investment advice, not a recommendation to buy or sell, and do not account for any individual's financial situation. Investment in securities is subject to market risks. Please read all related documents carefully before investing. Past performance is not a guarantee of future results.