Archive · 19 Dec 2025
CESC Subsidiary Signs Wind Farm Deal
CESC Ltd, a power company, has a subsidiary called Purvah Green Power.
They signed a deal with a company called Klasscorp to help them find land and set up a big wind farm in Karnataka, India.
This wind farm will make 250 MW of power, which is a lot!
CESC also shared good news about their money situation.
They made more money this year compared to last year, and they decided to give some of that money back to their shareholders as a special gift called a dividend.
The stock price of CESC went down a little bit on the day they announced this news.
CESC subsidiary Purvah Green Power signed a binding letter of intent with Klasscorp for consultancy services on a 250 MW wind farm in Bijapur, Karnataka.
The agreement covers land acquisition and other development services, valid for one year or until definitive agreements are signed.
CESC clarified that this is not a related party transaction.
CESC reported a 20.4% year-on-year increase in net profit for Q2, with revenue growing 12% and EBITDA up 18.4%.
The board declared an interim dividend of ₹6 per equity share, and shares ended down 1.77% on BSE.
- Who
- CESC Ltd and its subsidiary Purvah Green Power Private Ltd
- What
- Signed a letter of intent with Klasscorp Solutions Private Ltd for consultancy services related to a 250 MW wind farm project
- When
- December 19, 2023
- Where
- Bijapur, Karnataka, India
- Why
- To acquire land and develop a wind farm project
- Company
- CESC Ltd
- Subsidiary
- Purvah Green Power Private Ltd
- Consultancy Firm
- Klasscorp Solutions Private Ltd
- Project Location
- Bijapur, Karnataka
- Project Capacity
- 250 MW
- Project Type
- Wind Farm
- Net Profit Increase
- 20.4%
- Revenue Growth
- 12%
- EBITDA Growth
- 18.4%
- Interim Dividend
- ₹6 per equity share