BSECompany Update5h ago · 25 Sept 2026, 01:11 pm
Intimation is attached
CESC Ltd · 500084
✦ AI SummaryM&A
CESC Ltd has informed about the entry into a Power Purchase Agreement (PPA) with KUS Renewable Private Limited, a wholly owned subsidiary of Purvah Green Power Private Limited, for the procurement of energy for a cement production facility of Prism Johnson Limited. The PPA is for a 49.5 MW wind power plant that will be constructed by KUS Renewable Private Limited.
Analysis Scores
Earnings Impact5/10
Growth Catalyst8/10
Governance Concern2/10
Regulatory Risk6/10
Balance Sheet Risk4/10
Liquidity Impact9/10
Market Sentiment6/10
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
CESC Ltd - 500084 - Intimation Under Regulation 30 Of SEBI (Listing Obligations And Disclosures Requirements) Regulations, 2015
Attachments (1)
📄pdf
Download →
122af0c1-3725-422c-8c49-4f84161c1a64.pdf
View document text
DOC:SEC:1973/2026-27/234 September 25, 2026
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, 5th Floor, Plot No. C/1, Phiroze Jeejeebhoy Towers,
G- Block, Bandra – Kurla Complex, Dalal Street,
Bandra (East), Mumbai – 400 001
Mumbai – 400 051 SCRIP CODE: 500084
SCRIP CODE: CESC
Dear Sir/ Madam,
Sub – Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosures
Requirements) Regulations, 2015 (“SEBI LODR Regulations”)
We write to inform you that Prism Johnson Limited (PJL), has entered into a Power Purchase
Agreement on September 25, 2026 (PPA) under captive model with KUS Renewable Private
Limited (KRPL), a wholly owned subsidiary of Purvah Green Power Private Limited (PGPPL),
which is a subsidiary of CESC Limited. The PPA is for procurement of energy for cement
production facility of PJL located at District Satna, Madhya Pradesh, from a 49.5 MW wind
power plant that will be constructed by KRPL, at Tehsil Alot, District Ratlam, Madhya Pradesh.
We would also like to inform you that apart from the aforementioned PPA, PJL, KRPL & PGPPL
also executed a Share Subscription and Shareholder’s Agreement (SSSHA) simultaneously with
the execution of the PPA, pursuant to which the PJL shall invest an amount not exceeding
INR 40 crores for 26.5% Equity and Redeemable Preference Shares of KUS Renewable Private
Limited in tranches.
The above information is being submitted, on a voluntary basis as a good corporate governance
practice, under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations
and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations, 2015) and the
details required to be furnished in compliance with Regulation 30, Part A of Schedule III of the
SEBI Listing Regulations, 2015 read with relevant SEBI Master Circular HO/49/14/14(7)2025-
CFD-POD2/I/3762/2026 dated January 30, 2026 is enclosed herewith as “Annexure-A”.
Copy of the Press Release is also enclosed herewith as “Annexure-B”.
You are requested to kindly take the information on record and oblige.
Thanking you.
Yours faithfully,
For CESC Limited
Jagdish Patra
Company Secretary & Compliance Officer
Annexure – A
Sr. Particulars Details
1. The amount and percentage of the The wind power project of 49.5 MW will be
turnover or revenue or income and net established by KUS Renewable Private Limited
(KRPL) with scheduled commercial operation
worth contributed by such unit or
date of 25th January 2028. Power from this captive
division or undertaking or subsidiary
generating plant shall be sold to the cement
or associate company of the listed
manufacturing facility of PJL.
en tity during the last financial year
Accordingly, KRPL did not contribute to the total
turnover and net worth of CESC Limited, during
the last financial year. i.e. March 31, 2026.
2. Date on which the agreement for September 25, 2026.
su bscription has been entered into;
3. The expected date of completion of PJL shall invest towards 26.5% equity and
su bscription ; redeemable preference shares in KRPL,
tentatively by October 31, 2027 (i.e. 3 months
prior to commercial operation date of the wind
power plant)
4. Consideration received from such PJL shall invest an amount not exceeding INR
sa le/disposal; 40 crores to subscribe to 26.5% equity stake and
redeemable preference shares in KUS Renewable
Private Limited (KRPL), to be invested in three
tranches as per the terms of the SSSHA.
5. Brief details of buyers and whether any PJL is a company incorporated under the
of the buyers belong to the promoter/ Companies Act, 1956
(CIN: L26942TG1992PLC014033), having its
promoter group/group companies. If
registered office at 305, Laxmi Niwas Apartments,
y es, details thereof;
Ameerpet, Hyderabad 500016.
PJL is engaged in the business of production of
cement and owns and operates a cement
production facility at Village Mankahari, P.O.
Bathia, Tehsil Rampur Baghelan, District Satna,
Madhya Pradesh.
PJL does not belong to the promoter/ promoter
group/group companies.
6. Whether the transaction would fall Not a Related Party Transaction
within related party transactions? If
yes, whether the same is done at
“a rm’s length”;
7. Whether the sale, lease or disposal of Not Applicable
the undertaking is outside Scheme of
Arrangement? If yes, details of the
same including compliance with
re gulation 37A of LODR Regulations.
Annexure-B
RPSG's Purvah Green Power Signs First Captive Power Deal with Prism Johnson for
49.5 MW Wind Project
~25-year agreement marks the group's entry into commercial and industrial power
supply, with a focus on energy-intensive, hard-to-abate industry
National, 25 September 2026: Purvah Green Power Private Limited, the renewable energy
platform of CESC Limited within the RP-Sanjiv Goenka Group (RPSG), has signed its first
commercial and industrial (C&I) power supply agreement, with Prism Johnson Limited, to
develop a 49.5 MW wind project in Madhya Pradesh under the group captive model. Prism
Johnson will hold 26.5% of the project company and Purvah the remaining 73.5%. The project
will supply renewable power to Prism Johnson's manufacturing operations in the state for 25
years.
The agreement opens a C&I business for Purvah alongside its utility-contracted portfolio, as part
of RPSG's plan to build a renewable platform of more than 10 GW. Purvah intends to focus its
C&I business on energy-intensive, hard-to-abate industries, where power is a large share of
operating cost, loads run around the clock, and long-term clean supply is hardest to secure.
The project will be funded through a combination of debt and equity, with equity contributed in
proportion to ownership. Prism Johnson's 26.5% stake meets the ownership threshold for captive
generation under Rule 3 of the Electricity Rules, 2005. Qualifying captive arrangements are
exempt from the cross-subsidy surcharge and additional surcharge levied by state distribution
companies, lowering the consumer's delivered power cost while giving the generator a long-term
offtaker with equity in the asset. The agreement follows the Electricity (Amendment) Rules,
2026, which revised the group captive framework earlier this year to reduce regulatory risk for
such structures.
Purvah's pipeline to date has been built around utility offtake, including capacity earmarked for
CESC's own distribution business. Following its August 2026 agreement to acquire a 1.4 GWp
operating solar portfolio from ReNew Solar Power for an enterprise value of ₹4,859 crore,
Purvah's contracted capacity stands at 4.8 GWp, of which 1.8 GWp is operational, with a further
2.2 GWh of battery storage under implementation.
Shashwat Goenka, Vice Chairman, RP-Sanjiv Goenka Group, said, “The hardest question
in Indian renewables today is not how to build a project. It is who takes the power, and on what
terms. Heavy industry answers that better than almost anyone; large loads that run around the
clock, a real reason to switch, and in a captive structure, a stake in the asset itself. That is where
we want to build our C&I business.”
Purvah brings to industrial customers the operating experience of its parent CESC, which has
supplied electricity to industrial and commercial consumers since 1899 and today serves 4.7
million consumers across seven locations, together with a platform spanning solar, wind, hybrid
generation and battery storage. That combination positions it to offer heavy industry not only
renewable energy but, over time, the firmer and round-the-clock supply that continuous industrial
loads require.
The C&I segment is emerging as an important driver of India’s renewable energy growth, as
businesses increasingly seek reliable and cost-competitive renewable power to meet their
decarbonisation goals. According to CRISIL Ratings, C&I renewable energy capacity is expected
to increase from around 40 GW at the end of FY2026 to 57 GW by FY2028. This growing
demand presents a significant opportunity for renewable energy platforms such as Purvah to
d
[Showing first 8,000 characters — download PDF for full document]