Deals19 Dec 2025, 06:11 pm
CESC Ltd Subsidiary Issues Letter of Intent for 250 MW Wind Farm Project in Karnataka
AI Summary
Purvah Green Power Private Limited, a subsidiary of CESC Limited, has issued a binding Letter of Intent (LOI) to Klasscorp Solutions Private Ltd for providing consultancy services for the acquisition of land and other related services for setting up a 250 MW wind farm at Bijapur CTU, Karnataka. The LOI is valid for one year from the execution date or signing of definitive agreements, whichever is earlier. This is not a related party transaction as the promoter/promoter group/group companies of Purvah have no interest in Klasscorp.
Key Highlights
- CESC Ltd's subsidiary, Purvah Green Power Private Limited, is setting up a 250 MW wind farm in Karnataka.
- A binding Letter of Intent has been issued to Klasscorp Solutions Private Ltd for consultancy services.
- The LOI is valid for one year from the execution date or signing of definitive agreements.
- This is not a related party transaction.
- The project is expected to boost CESC Ltd's renewable energy portfolio.