CESC Ltd reported a nearly 14 per cent increase in its consolidated net profit to Rs 363 crore in the September quarter, driven by higher revenues. This is up from Rs 319 crore in the same period last year. The company’s total income also rose to Rs 4,414 crore from Rs 3,977 crore a year ago.
In addition to its strong financial performance, the board of directors is considering significant investments in renewable energy generation, potentially up to 3 gigawatts through its subsidiaries in multiple states in India. This move aims to bolster the company’s renewable energy footprint and partially fulfill the renewables purchase obligations of its distribution business.
These developments demonstrate CESC’s commitment to sustainable energy and continued growth in the rapidly evolving Indian market.
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