NSE:CESC management interview: CESC Arm Inks Deal With ReNew Solar | Acquired Portfolio Has Long-term PPAs Signed In Place, Says Co
CNBC-TV18, 2026-08-10. Video: https://www.youtube.com/watch?v=bCzl9IdQo9k
- Solar portfolio acquisition: CESC subsidiary Purva Green Power is acquiring a 1.4 GW operating solar portfolio across Rajasthan and Karnataka from ReNew Solar for an enterprise value of ₹4,859 crore, comprising ₹1,582 crore in cash and the remainder in assumed debt.
- Capacity and EBITDA: The acquisition raises Purva Green's contracted capacity to 4.8 GW toward its 10 GW target, which is projected to generate upwards of ₹8,000 crore in steady-state EBITDA.
- Solar manufacturing integration: The company is expanding its operational 1 GW solar module capacity in Rajasthan with 3 GW more, alongside developing 3.8 GW of solar cell manufacturing in Uttar Pradesh expected by Q2–Q3 next year to feed its IPP operations.
- Primary market listing: Management indicated that Purva Green may explore tapping the primary markets for a public listing at an appropriate time in the future.