Energy stock jumps 4% after receiving order from Solar Energy Corporation of India

Synopsis: The shares of this company rose upto 4  percent when the news regarding the company receiving order for setting up of a solar power project was given by solar energy corporation of india ltd.

This company is engaged in the business of generation and distribution of electricity and is one of India’s leading energy companies with pan-India operations had its  shares move by 4  percent following the news of the company receiving order to set up solar power projects.

With the market cap of Rs 24,258 crore , the shares of CESC ltd was in the spotlight and gave a closing price of Rs 181.6 .  It made an intraday high of Rs 185.25 gaining 3.75  percent or around 4  percent from its previous day closing price of Rs 178.55. The shares are moving closer to its 52 week high of Rs 203.8 and have given a return of 135  percent over the last 3 years .

About the order.

CESC Limited has accepted the Letter of Award dated October 27, 2025 which was issued by Solar Energy Corporation of India Limited (“SECI”) to Purvah Green Power Private Limited (Purvah), a subsidiary of CESC Limited. The order is for the setting up of Solar Power Project with ESS of 300 MW Contracted Capacity for a 25 year power supply agreement to operate and then sell electricity to SECI at a fixed tariff rate of Rs 2.86/kWh.

This is part of a larger SECI initiative for 2,000 MW of solar projects with 1,000 MW / 4,000 MWh of storage ,one of India’s biggest renewable energy-plus-storage tenders, aimed at providing stable, dispatchable green power to the grid.

Financials and others.

The Sales for the company stands at Rs 5,267 crore in Q2 FY26 compared to Q2 FY25 Rs 4,700 crore which is an increase of 12  percent YoY basis . Similarly, the net profit stood at Rs 445  crore in Q2 FY26 from Rs 373 crore in Q2 FY25 giving a growth rate of 20 percent.

According to the company’s growth vision of 2030 , it plans to have a Distribution Capex across all licenses over the next 5 years worth Rs 6,000 crore , it has Planned 3.2 GW Renewables by FY29 (Phase I) and 10 GW by FY32 (Phase II) and the phase 1 capex would be more than Rs 23,000 crore , it has also being Developing 3 GW Solar Cell and Module manufacturing eco system over next 2 years with a capex of Rs 3,000 crore .

The company is part of a  conglomerate Group called “RPSG” and the  group operates across various sectors, including power, infrastructure, carbon black, retail, education, BPO, and media & entertainment with a presence in 60 plus  countries and 100 plus offices globally and CESC ltd is  focusing on a sustainable model that includes renewable energy. 

In the thermal generation part the company has 5 plants which have 2,140 MW generating capacity out of which 78  percent is linked to their own distribution . It has distribution services at 7 locations with over 4.8 million consumers, and a peak demand of 4.4 MW+. 

Written by Leon Mendonca.

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