CESC
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CESC unit to buy six ReNew Solar firms for ₹4,859 crore
CESC's subsidiary has agreed to acquire six ReNew Solar Power companies in a deal valued at ₹4,859 crore (approximately $510 million). The acquisition, reported by multiple outlets on the same day, marks a significant expansion of CESC's renewable energy portfolio. The transaction is pending regulatory approvals and customary closing conditions.
CESC Q1 profit rises 3.88% to Rs 402 crore
CESC consolidated net profit rises 3.88% in the June 2026 quarter Sales rise 5.44% to Rs 5485.00 crore Net profit of CESC rose 3.88% to Rs 402.00 crore in the quarter ended June 2026 as against Rs 387.00 crore during the previous quarter ended June 2025. Sales rose 5.44% to Rs 5485.00 crore in the quarter ended June 2026 as against Rs 5202.00 crore during the previous quarter ended June 2025.
Power firms report strong Q1 earnings
India's power companies are expected to report a stronger first quarter of FY27 after electricity demand surged during the April-June period, aided by an intense summer and a delayed monsoon, according to a report by PL Capital. The brokerage expects companies under its power sector coverage (excluding Coal India) to post profit growth of around 7.4% from a year ago, supported by higher power consumption and steady performance from large utilities such as NTPC and Power Grid.
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