CESC Limited — Important, 12-11-2024: General Updates

CESC's latest update reveals a consolidated revenue growth of 10.3% to ₹9,688 crore for H1 FY25, with a 4.1% increase in PAT to ₹761 crore compared to the previous year. The Kolkata distribution sector saw more than 5% year-on-year demand growth. The company is investing significantly in renewable energy, targeting 3.2 GW in hybrid power generation over three years, and has agreements for 1.5 GW of wind turbine installations. CESC operates five thermal plants with 2,140 MW total capacity, and its Haldia plant reported a robust 100% PLF, contributing positively to overall performance. As power demand rises with projections for 11% capacity growth and 30% CAGR in data center consumption over the next decade, CESC is well-positioned to capitalize on these trends. The emerging emphasis on green hydrogen production aligns with its commitment to sustainability, stating plans to generate 5 million tons annually by 2030. The future outlook remains positive as CESC actively expands its capabilities in both conventional and renewable sectors.