CESC Share Price Surges As Its Arm Wins Bid for 300 MW Solar Power Project

Purvah Green Power Pvt Ltd, a subsidiary of CESC Ltd, has received a Letter of Award (LoA) from the Solar Energy Corporation of India (SECI) to set up a 300 MW solar power project with an energy storage system. The company said in a regulatory filing that the LoA, dated October 27, 2025, has been received and accepted.

Project Selection

Purvah Green Power was selected under SECI’s Request for Selection (RfS) for developing 2,000 MW of inter-state transmission system (ISTS)-connected solar PV projects combined with 1,000 MW / 4,000 MWh of energy storage systems across India. The company had submitted its bid in response to SECI’s national tender for renewable projects.

Contract Details

The project has been awarded under the Guidelines for Tariff-Based Competitive Bidding Process for Procurement of Firm and Dispatchable Power from Grid-Connected Renewable Energy Power Projects with Energy Storage Systems, issued by the Ministry of Power in June 2023. The project will be executed under a 25-year contract at a tariff of ₹2.86 per kWh, according to the filing.

Scope of Work

Under the agreement, Purvah Green Power will set up a solar power project with a contracted capacity of 300, integrated with an energy storage system. The project will be connected to the inter-state transmission system (ISTS) and is expected to supply power as per SECI’s requirements for firm and dispatchable renewable energy.

Compliance and Nature of Contract

CESC clarified that the award is domestic in nature and does not involve any related-party transactions. The company stated that all regulatory and procedural requirements have been met as part of the bidding and award process.

Read More: CESC Arm to Invest ₹5,000 Crore in Solar Cell and Ancillary Manufacturing Across India!

CESC Share Price Performance 

As of October 29, 2025, 09:15 AM, CESC share price was trading at ₹182.99, a 2.38% increase from the previous closing price.

Conclusion

The project forms part of SECI’s plans to expand solar capacity through competitive bidding and energy storage integration under the national renewable energy framework.

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