CESC rises as its arm inks binding term sheet with Ecoren Energy India
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CESC is currently trading at Rs. 189.45, up by 0.20 points or 0.11% from its previous closing of Rs. 189.25 on the BSE.
The scrip opened at Rs. 190.00 and has touched a high and low of Rs. 190.45 and Rs. 187.35 respectively. So far 91080 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 210.00 on 27-Aug-2024 and a 52 week low of Rs. 82.45 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 198.75 and Rs. 183.65 respectively. The current market cap of the company is Rs. 25159.33 crore.
The promoters holding in the company stood at 52.11%, while Institutions and Non-Institutions held 36.20% and 11.69% respectively.
CESC’s subsidiary -- Purvah Green Power has entered into a binding term sheet with Ecoren Energy India, an unrelated Indian company which is neither a related party nor a part of the promoter or promoter group of the Company, for setting up wind power project of up to 686.85 MW (Project). The Project is likely to be commissioned within three years, subject to the receipt of the relevant licenses/ permits/ approvals from various authorities and carrying out various civil/electrical and other related works.
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.
