The project is likely to be commissioned within three years, subject to the receipt of the relevant licenses/ permits/ approvals from various authorities and carrying out various civil/electrical and other related works.
CESC is a fully-integrated electrical utility company. The company's other business segments include power, organized retailing, property development and business process outsourcing.
The company’s consolidated net profit increased 5.4% to Rs 388 crore in Q1 FY25 as compared with Rs 368 crore in Q1 FY24. Net sales jumped 12.8% YoY to Rs 4,863 crore in Q1 FY25.
The scrip fell 3.56% to currently trade at Rs 185.45 on the BSE.