CESC gains on entering into Power Purchase Agreement with BhojrajRenewablesEnergy
CESC is currently trading at Rs. 161.00, up by 1.70 points or 1.07% from its previous closing of Rs. 159.30 on the BSE.
The scrip opened at Rs. 160.95 and has touched a high and low of Rs. 161.75 and Rs. 160.50 respectively. So far 12953 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 212.70 on 26-Sep-2024 and a 52 week low of Rs. 119.00 on 17-Feb-2025.
Last one week high and low of the scrip stood at Rs. 161.75 and Rs. 151.50 respectively. The current market cap of the company is Rs. 21328.43 crore.
The promoters holding in the company stood at 52.11%, while Institutions and Non-Institutions held 36.12% and 11.76% respectively.
CESC has entered into a Power Purchase Agreement for 300 MW Wind Solar Hybrid Power Project at a tariff of Rs 3.81 per kWh with Bhojraj Renewables Energy (a subsidiary of the company) for a period of 25 years. The said agreement is subject to the approval of West Bengal Electricity Regulatory Commission (WBERC) and shall come into force on the date of approval of WBERC.
CESC is engaged in power generation and distribution in state of West Bengal. The company is a fully integrated power utility with its operation spanning the entire value chain right from mining coal, generating power and distribution of power.
