Reported Earnings • May 07
Full year 2026 earnings: EPS in line with expectations, revenues disappoint Full year 2026 results: EPS: ₹11.63 (up from ₹10.33 in FY 2025). Revenue: ₹189.3b (up 11% from FY 2025). Net income: ₹15.4b (up 13% from FY 2025). Profit margin: 8.1% (in line with FY 2025). Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 8.4% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 07
Third quarter 2026 earnings: EPS and revenues miss analyst expectations Third quarter 2026 results: EPS: ₹2.15 (up from ₹1.99 in 3Q 2025). Revenue: ₹41.0b (up 15% from 3Q 2025). Net income: ₹2.85b (up 7.5% from 3Q 2025). Profit margin: 7.0% (down from 7.4% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 7.2%. Earnings per share (EPS) also missed analyst estimates by 6.5%. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Jan 05
CESC Limited Announces Cessation of Kush Singh as Head of the Power Sector, Effective from January 1, 2026 CESC Limited informed that Mr. Kush Singh has ceased to be the Head of the Power Sector, from January 1, 2026, due to personal reasons. Upcoming Dividend • Oct 20
Upcoming dividend of ₹6.00 per share Eligible shareholders must have bought the stock before 27 October 2025. Payment date: 16 November 2025. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 3.5%. Within top quartile of Indian dividend payers (1.2%). Higher than average of industry peers (2.3%). Reported Earnings • Oct 19
Second quarter 2026 earnings released: EPS: ₹3.21 (vs ₹2.67 in 2Q 2025) Second quarter 2026 results: EPS: ₹3.21 (up from ₹2.67 in 2Q 2025). Revenue: ₹52.7b (up 12% from 2Q 2025). Net income: ₹4.25b (up 20% from 2Q 2025). Profit margin: 8.1% (up from 7.5% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Aug 12
CESC Limited, Annual General Meeting, Sep 11, 2025 CESC Limited, Annual General Meeting, Sep 11, 2025, at 10:30 Indian Standard Time. Reported Earnings • Jul 31
First quarter 2026 earnings released: EPS: ₹2.92 (vs ₹2.85 in 1Q 2025) First quarter 2026 results: EPS: ₹2.92 (up from ₹2.85 in 1Q 2025). Revenue: ₹52.9b (up 8.7% from 1Q 2025). Net income: ₹3.87b (up 2.4% from 1Q 2025). Profit margin: 7.3% (down from 7.8% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Jul 23
CESC Limited to Report Q1, 2026 Results on Jul 30, 2025 CESC Limited announced that they will report Q1, 2026 results on Jul 30, 2025 Reported Earnings • May 16
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: ₹10.32 (down from ₹10.38 in FY 2024). Revenue: ₹173.8b (up 14% from FY 2024). Net income: ₹13.7b (flat on FY 2024). Profit margin: 7.9% (down from 9.0% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) also missed analyst estimates by 2.6%. Revenue is forecast to grow 6.9% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • May 16
CESC Limited (NSEI:CESC) acquired Chandigarh Power Distribution Limited CESC Limited (NSEI:CESC) acquired Chandigarh Power Distribution Limited on February 1, 2025.
CESC Limited (NSEI:CESC) completed the acquisition of Chandigarh Power Distribution Limited on February 1, 2025. Major Estimate Revision • Jan 17
Consensus EPS estimates fall by 10%, revenue upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from ₹172.1b to ₹175.3b. EPS estimate fell from ₹11.83 to ₹10.64 per share. Net income forecast to grow 12% next year vs 16% growth forecast for Electric Utilities industry in India. Consensus price target down from ₹207 to ₹202. Share price fell 6.0% to ₹153 over the past week. Reported Earnings • Jan 11
Third quarter 2025 earnings released: EPS: ₹1.99 (vs ₹2.12 in 3Q 2024) Third quarter 2025 results: EPS: ₹1.99 (down from ₹2.12 in 3Q 2024). Revenue: ₹35.6b (up 9.8% from 3Q 2024). Net income: ₹2.65b (down 5.7% from 3Q 2024). Profit margin: 7.4% (down from 8.7% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Jan 10
CESC Limited Declares Interim Dividend CESC Limited announced that at the board meeting held on January 10, 2025 the board has declared an interim dividend of INR 4.50/-per equity share (i.e., 450%) on the paid-up equity share capital of the Company payable to those members whose names appear in the Register of Members of the Company, or, will appear as beneficial owners at the close of the business on January 16, 2025, being the "Record Date" to ascertain the eligibility of members to receive the said interim dividend. Aankondiging • Dec 30
CESC Limited to Report Q3, 2025 Results on Jan 10, 2025 CESC Limited announced that they will report Q3, 2025 results at 9:08 AM, Indian Standard Time on Jan 10, 2025 Reported Earnings • Nov 13
Second quarter 2025 earnings: Revenues and EPS in line with analyst expectations Second quarter 2025 results: EPS: ₹2.67 (up from ₹2.62 in 2Q 2024). Revenue: ₹47.7b (up 9.6% from 2Q 2024). Net income: ₹3.53b (up 1.4% from 2Q 2024). Profit margin: 7.4% (down from 8.0% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Nov 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Executive Independent Director Paras Chowdhary was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Oct 29
CESC Limited to Report Q2, 2025 Results on Nov 12, 2024 CESC Limited announced that they will report Q2, 2025 results on Nov 12, 2024 Aankondiging • Oct 24
CESC Limited Approves Appointment of Paras K Chowdhary as A Non-Executive Independent Director CESC Limited by Postal Ballot approved appointment of Mr. Paras K Chowdhary as a Non-Executive Independent Director. Valuation Update With 7 Day Price Move • Aug 27
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹208, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 26x in the Electric Utilities industry in India. Total returns to shareholders of 199% over the past three years. Aankondiging • Aug 22
CESC Limited Appoints Brajesh Singh and Vineet Sikka as Directors CESC Limited at its AGM held on August 21, 2024 appointed Brajesh Singh and Vineet Sikka as directors. Price Target Changed • Aug 12
Price target increased by 16% to ₹186 Up from ₹160, the current price target is an average from 11 analysts. New target price is approximately in line with last closing price of ₹178. Stock is up 128% over the past year. The company is forecast to post earnings per share of ₹12.04 for next year compared to ₹10.38 last year. Aankondiging • Aug 02
CESC Limited to Report Q1, 2025 Results on Aug 09, 2024 CESC Limited announced that they will report Q1, 2025 results on Aug 09, 2024 Reported Earnings • Jul 30
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: ₹10.38 (up from ₹10.13 in FY 2023). Revenue: ₹152.9b (up 7.3% from FY 2023). Net income: ₹13.8b (up 2.5% from FY 2023). Profit margin: 9.0% (down from 9.4% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.1%. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Jul 26
CESC Limited, Annual General Meeting, Aug 21, 2024 CESC Limited, Annual General Meeting, Aug 21, 2024, at 10:30 Indian Standard Time. Buy Or Sell Opportunity • Jul 12
Now 20% undervalued Over the last 90 days, the stock has risen 32% to ₹187. The fair value is estimated to be ₹235, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 7.2% per annum. Earnings are also forecast to grow by 17% per annum over the same time period. Valuation Update With 7 Day Price Move • Jul 10
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹186, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 26x in the Electric Utilities industry in India. Total returns to shareholders of 152% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹235 per share. Aankondiging • May 30
CESC Limited Cessation of Rekha Sethi as Independent Director CESC Limited announced that Ms. Rekha Sethi (DIN: 06809515), has completed her second and final term as an Independent Director and consequently ceased to be an Independent Director of the Company w.e.f. the close of business hours on May 29, 2024. List of the Company's Directors & Key Managerial Personnel with effect from May 30, 2024: 1. Dr. Sanjiv Goenka, Chairman, 2. Mr. Shashwat Goenka, 3. Mr. Pradip Kumar Khaitan, 4. Mr. Arjun Kumar, Independent Director, 5. Mr. Pratip Chaudhuri, Independent Director, 6. Mr. Debanjan Mandal, Independent Director, 7. Ms. Kusum Dadoo, Independent Director, 8. Mr. Sunil Mitra, Independent Director, 9. Mr. Vineet Sikka, Managing Director (Distribution), 10. Mr. Brajesh Singh, Managing Director (Generation), 11. Mr. Rajarshi Banerjee, Chief Financial Officer and 12. Mr. Jagdish Patra, Company Secretary. Aankondiging • May 24
CESC Limited Announces Board Resignations, Effective May 27, 2024 CESC Limited at its AGM held on May 23, 2024, announced, that the office of Mr. Rabi Chowdhury and Mr. Debasish Banerjee, shall cease upon completion of their term as Managing Director (Generation) and Managing Director (Distribution) respectively with effect from May 27, 2024. Both Mr. Chowdhury and Mr. Banerjee shall also cease to be the Directors of the company from the said date. The Company places on record its appreciation for the contribution made by them during their tenure with the Company. Aankondiging • May 17
CESC Limited to Report Q4, 2024 Results on May 23, 2024 CESC Limited announced that they will report Q4, 2024 results on May 23, 2024 Aankondiging • Mar 13
CESC Limited Appoints Mr. Arjun Kumar as Non-Executive Independent Director CESC Limited approved appointment of Mr. Arjun Kumar as Non-Executive Independent Director. Upcoming Dividend • Jan 25
Upcoming dividend of ₹4.50 per share at 3.4% yield Eligible shareholders must have bought the stock before 01 February 2024. Payment date: 18 February 2024. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 3.4%. Within top quartile of Indian dividend payers (1.2%). Higher than average of industry peers (3.0%). Price Target Changed • Jan 23
Price target increased by 12% to ₹147 Up from ₹131, the current price target is an average from 10 analysts. New target price is 13% above last closing price of ₹131. Stock is up 77% over the past year. The company is forecast to post earnings per share of ₹10.87 for next year compared to ₹10.13 last year. Reported Earnings • Jan 21
Third quarter 2024 earnings released: EPS: ₹2.12 (vs ₹2.40 in 3Q 2023) Third quarter 2024 results: EPS: ₹2.12 (down from ₹2.40 in 3Q 2023). Revenue: ₹33.0b (up 5.5% from 3Q 2023). Net income: ₹2.81b (down 12% from 3Q 2023). Profit margin: 8.5% (down from 10% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Jan 19
CESC Limited Declares Interim Dividend The board of directors of CESC Limited at its meeting held on January 19, 2024, has declared an interim dividend @ INR 4.50/- per equity share (i.e., 450%) on the paid-up equity share capital of the Company payable to those members whose names appear in the Register of Members of the Company, or, will appear as beneficial owners (as per particulars furnished by the Depositories viz., National Securities Depository Limited and Central Depository Services (India) Limited) at the close of the business on February 1, 2024, being the "Record Date" to ascertain the eligibility of members to receive the said interim dividend. Aankondiging • Jan 11
CESC Limited to Report Q3, 2024 Results on Jan 19, 2024 CESC Limited announced that they will report Q3, 2024 results at 12:08 PM, Indian Standard Time on Jan 19, 2024 Price Target Changed • Dec 20
Price target increased by 11% to ₹112 Up from ₹101, the current price target is an average from 11 analysts. New target price is approximately in line with last closing price of ₹115. Stock is up 46% over the past year. The company is forecast to post earnings per share of ₹11.08 for next year compared to ₹10.13 last year. Valuation Update With 7 Day Price Move • Dec 05
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹117, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 20x in the Electric Utilities industry in India. Total returns to shareholders of 125% over the past three years. Reported Earnings • Nov 09
Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2024 results: EPS: ₹2.62 (up from ₹2.30 in 2Q 2023). Revenue: ₹44.1b (up 13% from 2Q 2023). Net income: ₹3.48b (up 14% from 2Q 2023). Profit margin: 7.9% (up from 7.8% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates by 4.8%. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Oct 31
CESC Limited to Report Q2, 2024 Results on Nov 08, 2023 CESC Limited announced that they will report Q2, 2024 results on Nov 08, 2023 Aankondiging • Jul 29
CESC Limited to Report Q1, 2024 Results on Aug 04, 2023 CESC Limited announced that they will report Q1, 2024 results on Aug 04, 2023 Reported Earnings • Jul 13
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: ₹10.13 (down from ₹10.25 in FY 2022). Revenue: ₹142.5b (up 14% from FY 2022). Net income: ₹13.4b (down 1.1% from FY 2022). Profit margin: 9.4% (down from 11% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 7.3%. Earnings per share (EPS) also missed analyst estimates by 2.5%. Revenue is forecast to grow 7.2% p.a. on average during the next 2 years, compared to a 3.6% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 7% per year. Aankondiging • Jul 06
CESC Limited, Annual General Meeting, Aug 04, 2023 CESC Limited, Annual General Meeting, Aug 04, 2023, at 10:30 Indian Standard Time. Reported Earnings • May 23
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: ₹10.13 (down from ₹10.25 in FY 2022). Revenue: ₹145.6b (up 16% from FY 2022). Net income: ₹13.4b (down 1.1% from FY 2022). Profit margin: 9.2% (down from 11% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 7.3%. Earnings per share (EPS) also missed analyst estimates by 2.5%. Revenue is forecast to grow 5.6% p.a. on average during the next 2 years, compared to a 3.8% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 8% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Feb 17
Upcoming dividend of ₹4.50 per share at 5.8% yield Eligible shareholders must have bought the stock before 24 February 2023. Payment date: 16 March 2023. Trailing yield: 5.8%. Within top quartile of Indian dividend payers (1.6%). Higher than average of industry peers (4.3%). Reported Earnings • Feb 15
Third quarter 2023 earnings released: EPS: ₹2.40 (vs ₹2.48 in 3Q 2022) Third quarter 2023 results: EPS: ₹2.40 (down from ₹2.48 in 3Q 2022). Revenue: ₹32.2b (up 14% from 3Q 2022). Net income: ₹3.19b (down 3.0% from 3Q 2022). Profit margin: 9.9% (down from 12% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 4% per year. Board Change • Dec 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 5 highly experienced directors. Additional Non-Executive Independent Director Debanjan Mandal was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: ₹2.30 (vs ₹2.53 in 2Q 2022) Second quarter 2023 results: EPS: ₹2.30 (down from ₹2.53 in 2Q 2022). Revenue: ₹39.8b (up 14% from 2Q 2022). Net income: ₹3.05b (down 9.0% from 2Q 2022). Profit margin: 7.7% (down from 9.6% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has remained flat. Reported Earnings • Aug 11
First quarter 2023 earnings released: EPS: ₹2.16 (vs ₹2.04 in 1Q 2022) First quarter 2023 results: EPS: ₹2.16 (up from ₹2.04 in 1Q 2022). Revenue: ₹41.5b (up 29% from 1Q 2022). Net income: ₹2.86b (up 5.5% from 1Q 2022). Profit margin: 6.9% (down from 8.4% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 2.6%, compared to a 5.9% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 1% per year. Reported Earnings • Jul 07
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: ₹10.25 (up from ₹10.04 in FY 2021). Revenue: ₹125.4b (up 7.8% from FY 2021). Net income: ₹13.6b (up 2.0% from FY 2021). Profit margin: 11% (in line with FY 2021). Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) also missed analyst estimates by 3.9%. Over the next year, revenue is forecast to grow 8.6%, compared to a 11% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Aankondiging • Jun 29
CESC Limited, Annual General Meeting, Jul 29, 2022 CESC Limited, Annual General Meeting, Jul 29, 2022, at 10:30 Indian Standard Time. Reported Earnings • May 14
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: ₹10.25 (up from ₹10.04 in FY 2021). Revenue: ₹128.2b (up 10% from FY 2021). Net income: ₹13.6b (up 2.1% from FY 2021). Profit margin: 11% (in line with FY 2021). Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) also missed analyst estimates by 3.9%. Over the next year, revenue is forecast to grow 6.1%, compared to a 10% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 6% per year. Upcoming Dividend • Jan 17
Upcoming dividend of ₹4.50 per share Eligible shareholders must have bought the stock before 24 January 2022. Payment date: 12 February 2022. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 4.8%. Within top quartile of Indian dividend payers (1.3%). Higher than average of industry peers (3.6%). Reported Earnings • Jan 14
Third quarter 2022 earnings: Revenues miss analyst expectations Third quarter 2022 results: Revenue: ₹29.5b (up 16% from 3Q 2021). Net income: ₹3.29b (up 1.5% from 3Q 2021). Profit margin: 11% (down from 13% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 5.8%. Over the next year, revenue is forecast to grow 6.0%, compared to a 11% growth forecast for the industry in India. Reported Earnings • Nov 12
Second quarter 2022 earnings released: EPS ₹2.53 (vs ₹2.79 in 2Q 2021) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2022 results: Revenue: ₹35.3b (up 18% from 2Q 2021). Net income: ₹3.35b (down 9.5% from 2Q 2021). Profit margin: 9.5% (down from 12% in 2Q 2021). The decrease in margin was driven by higher expenses. Aankondiging • Sep 23
Torrent Power Limited (NSEI:TORNTPOWER) entered into a Share Purchase Agreement to acquire Surya Vidyut Limited from CESC Limited (NSEI:CESC), Haldia Energy Limited and nominal shareholders. Torrent Power Limited (NSEI:TORNTPOWER) entered into a Share Purchase Agreement to acquire Surya Vidyut Limited from CESC Limited (NSEI:CESC), Haldia Energy Limited and nominal shareholders on September 21, 2021. Enterprise Value estimated for this acquisition is about INR 7.9 billion. Torrent Power Limited will pay the consideration in Cash. The audited turnover of Surya Vidyut for the year ended March 31 2021 was approximately INR 1.17 billion. The transaction is expected to complete 60 days from signing of the agreement. 
