CESC Unveils Ambitious 2030 Growth Plan: Doubling Profitability, Major Renewable & Distribution Capex
The announcement details a comprehensive long-term growth strategy involving over ₹29,000 crore in capital expenditure for renewables and distribution, aiming to double profitability and significantly expand renewable energy capacity, which will have a substantial impact on the company's future financial performance and market positioning.
The company unveiled ambitious growth plans including doubling profitability, substantial capital expenditure in renewables and distribution, securing 1200 MW renewable projects, and improving operational efficiencies and collection rates across its distribution franchises.
* CESC Limited presented its strategic vision for "RPSG Investor Day 2025" on September 8, 2025, outlining ambitious growth plans. * The RPSG Group, as of FY25, reported a turnover of ₹42,100 crore (approximately US$ 5 billion), an asset base of ₹67,700 crore (US$ 8 billion), and an EBITDA of ₹7,900 crore (approximately US$ 930 million). The Group's revenue, EBITDA, and market capitalization have grown at CAGRs of 11%, 13%, and 24% respectively between FY15 and FY25. * CESC aims to double its profitability (PAT) by 2030, driven by significant investments in both its distribution and renewable energy businesses. * Key growth initiatives include: * Planned capital expenditure of ₹6,000 crore across all distribution licenses over the next five years. * Targeting 3.2 GW of hybrid renewable energy capacity by FY29, further scaling to 10 GW by FY32. Phase 1 renewables capex is estimated at over ₹23,000 crore. * Developing a 3 GW solar cell and module manufacturing ecosystem over the next two years, with an estimated capex of approximately ₹3,000 crore. * Actively pursuing new distribution licenses and privatization opportunities, particularly in Uttar Pradesh. * Recent advancements include: * CESC's renewable arm, Purvah Green Power, has secured 1200 MW of renewable projects, with Power Purchase Agreements (PPAs) and grid connectivity already secured. These projects represent a capital expenditure of approximately ₹8,700 crore and are projected to generate annualized revenue of about ₹1,200 crore. * Implementation of an 80 MWh Battery Energy Storage System (BESS) for CESC Kolkata and NPCL to optimize peak power purchase costs. * An 8.2% Fuel and Power Purchase Adjustment Surcharge (FPPAS) hike in the Kolkata license area from FY25, expected to reduce annual under-recoveries. * Chandrapur Thermal Power Project (TPP) signed medium-term PPAs for 225 MW net capacity at attractive tariffs. * Operational improvements include significant reductions in Transmission & Distribution (T&D) losses in areas like Malegaon DF (from over 50% at takeover to ~39% in FY25) and Chandigarh Power (CPDL), along with robust sales volume growth across its licensed and franchised areas. * The company expects to fully commission the first phase of 3,200 MW renewable projects by March 2029.
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CESC Limited filed this with the NSE as a statutory disclosure, categorised under capex. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by CESC Limited. Read the original for the full detail.