CESC Limited has released an investor presentation outlining its strategic growth vision. The presentation highlights the company’s focus on renewable energy expansion, distribution privatization, and solar manufacturing. CESC aims for double-digit growth and is targeting 3.2 GW of renewable energy by FY29 and 3 GW in solar manufacturing. The company also emphasized its commitment to environmental, social, and governance (ESG) principles.
Strategic Growth Drivers
CESC Limited is focusing on several key areas to drive future growth:
- Renewables Expansion: Targeting 3.2 GW of renewable energy capacity by FY29 and scaling it up to 10 GW by FY32 with a clean energy mix of over 60% by 2030.
- Distribution Privatization: Well-positioned to capture upcoming opportunities in distribution privatization.
- Solar Manufacturing Ecosystem: Establishing a 3 GW solar cell and module manufacturing ecosystem by 2027.
Financial Performance and Targets
CESC is targeting a doubling of profitability (PAT) through various strategic initiatives. Key financial highlights include:
- Group Revenue: Increased to ₹42,100 Cr.
- Group EBITDA: Increased to ₹7,900 Cr.
- Group Market Cap: Increased to ₹75,000 Cr.
Renewable Energy Focus
Renewable energy is a core component of CESC’s growth strategy. The company’s renewable arm, Purvah Green Power, has secured 1600 MW of renewable projects. CESC is aiming for 56% of electricity generation from renewable energy sources by 2032.
Distribution Assets and Efficiency
CESC is focused on improving operational efficiency across its distribution licenses, including Kolkata, Noida, and Chandigarh. Key initiatives include:
- Reducing technical and distribution (T&D) losses.
- Enhancing customer engagement through digitalization.
- Implementing smart technologies for power distribution.
ESG Commitment
CESC highlighted its strong commitment to ESG principles, including zero liquid discharge in thermal power plants, rainwater harvesting, and stack air emissions well below normative levels.
Source: BSE