CESC
CESC is growing, with Q1 FY27 revenue up 5.4% to ₹5,485 crore (NDTV Profit, 13 Aug) and a deal to buy ReNew solar assets for ₹48.6bn, adding 1.4GWp (Business Today, 10 Aug). EBITDA margin eased 30 basis points to 16.3% (NDTV Profit).
What it means Power-sector rivals face a utility buying operating solar capacity toward its 10GW renewable target.
Latest moves
Our read of each move first, where we have one; what the report said is marked Reported.
Background
From 5 stories, the newest dated 13 Aug 2026. Summary written 4 Oct 2026.
CESC is a company of the RP-Sanjiv Goenka Group.[1] source: NDTV Profit[2] source: Business Today
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Purvah Green Power is its renewable energy platform, and the group targets a 10 GW renewable portfolio within two years.[2] source: Business Today[3] source: The Hindu BusinessLine
For Q1 FY27, reported in August 2026, CESC posted consolidated net profit of Rs 402 crore, up 3.1% year-on-year from Rs 390 crore.[1] source: NDTV Profit Revenue from operations was Rs 5,485 crore, up 5.4% from Rs 5,202 crore.[1] source: NDTV Profit EBITDA was Rs 895 crore, with a margin of 16.3% against 16.6% a year earlier.[1] source: NDTV Profit CESC declared an interim dividend of Rs 6 per share, with Aug. 19, 2026 as the record date.[1] source: NDTV Profit
In August 2026, CESC's Purvah Green Power agreed to acquire ReNew Solar Power's 1.4 GWp operating solar portfolio in Rajasthan and Karnataka for an enterprise value of Rs 4,859 crore.[4] source: Financial Express[2] source: Business Today[5] source: Outlook Business The deal covers six projects, with more than 90% of capacity contracted with SECI under 25-year power purchase agreements.[5] source: Outlook Business It lifts Purvah's contracted capacity from 3.4 GWp to 4.8 GWp and is funded by CESC.[5] source: Outlook Business[3] source: The Hindu BusinessLine The cash payment is ₹15.8 billion.[2] source: Business Today
Sources
Questions about CESC
Who owns CESC?
CESC is a company of the RP-Sanjiv Goenka Group, and its renewable platform Purvah Green Power is a CESC unit..[1] source: NDTV Profit[2] source: Business Today[3] source: The Hindu BusinessLine
How fast is CESC growing in India?
CESC reported Q1 FY27 consolidated net profit of Rs 402 crore, up 3.1% year-on-year, on revenue from operations of Rs 5,485 crore, up 5.4%, in August 2026.[1] source: NDTV Profit
What is CESC's current strategy in India?
In August 2026 CESC's Purvah Green Power agreed to buy ReNew Solar Power's 1.4 GWp solar portfolio for Rs 4,859 crore, funded by CESC, toward a 10 GW renewable portfolio target within two years. In the same month CESC declared a Rs 6 per share interim dividend.[1] source: NDTV Profit[2] source: Business Today[5] source: Outlook Business[3] source: The Hindu BusinessLine