Goenkas' RPSG bets on energy, chemicals, ITeS as its growth engines
CESC is in focus in an energy transition development.
7 Oct 2026 · LiveMint Companies
CESC Ltd, the group’s utility arm, deals with power distribution as well as renewable energy generation under its subsidiary Purvah Green Power Pvt Ltd. It has a market capitalization of a little over ₹17,400 crore.
The analysis
CESC reported ₹17,400 crore. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -2.4% on the day at ₹131.18, and has returned -21.3% over three months. It sits 34% below its 52-week high, which means a good deal of bad news was already in the price. The power sector has moved -16.4% over the same period, so CESC is running 4.9 points behind its peers.
For CESC, the question is how much of this is already reflected in the price and how much re-rates the power peer set alongside it.
Why it matters
- The shift to renewables is redrawing which energy names are structural winners versus stranded.
Market context
- The company directly in focus is CESC.
- Sector exposure: Power, Chemicals.
In this story
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