CESC Subsidiary Deshraj Solar Signs Tower Supply Contract with Toolfab Renewable Energy
CESC's subsidiary, Deshraj Solar Energy, signed a Tower Supply Contract with Toolfab Renewable Energy for 91 WTG Towers. These towers are for a 300 MW wind project in Andhra Pradesh, with delivery expected within 12 months. The transaction is not a related party deal.
The contract is for a subsidiary and involves routine supply chain operations for a future project, with no immediate significant financial implications for CESC Limited.
The announcement is a routine business update regarding a subsidiary's contract for a wind project, with no immediate financial impact disclosed.
CESC Limited announced that its subsidiary, Deshraj Solar Energy Private Limited, has entered into a Tower Supply Contract with Toolfab Renewable Energy & Infra Private Limited. This contract is for the supply of towers for Wind Turbine Generators (WTG Towers) by Toolfab for a 300 MW wind project to be developed by Deshraj.
The project will be located in the villages of Ralla and Kurburahalli in Andhra Pradesh, India. Toolfab is obligated to deliver 91 towers within 12 months from the date of the Notice to Proceed.
CESC Limited has clarified that the promoter, promoter group, or group companies of Deshraj Solar Energy Private Limited have no interest in Toolfab Renewable Energy & Infra Private Limited, and therefore, the contract is not a related party transaction.
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