CESC Limited — PPTs, 29-11-2025: Investor Presentation

CESC is positioning for significant growth in India's power sector.

**Business Performance:** Consolidated Revenue for FY25 reached ₹17,375 Cr, showing a steady increase from ₹11,874 Cr in FY21. PAT stood at ₹1,428 Cr in FY25. Key distribution areas like CESC Kolkata saw a 7% CAGR in power sales from FY21-25, while NPCL recorded an impressive 16% CAGR.

**Growth Drivers or Strategy:** The company aims to double profitability by 2030, driven by an aggressive push into renewables, targeting 3.2 GW by FY29 and scaling to 10 GW by FY32. CESC is also establishing a 3 GW solar cell and module manufacturing ecosystem by 2027, and actively pursuing distribution privatization opportunities, including in Uttar Pradesh.

**Recent Developments:** Purvah Green Power has secured 1600 MW renewable projects with necessary PPAs and connectivity. CESC acquired 100% of Chandigarh Power Distribution Ltd (CPDL) in February 2025, with plans for ~₹1,000 Cr investment over five years. A recent 8.2% FPPAS hike in Kolkata is expected to help reduce under-recoveries.

**Management Commentary / Outlook:** Management anticipates robust operating cash flows to fuel these growth initiatives, projecting a 60%+ clean energy mix by 2030. The company is strategically poised to capitalize on sector reforms and rising power demand.