Bhubaneswar: CESC Green Power Ltd has secured in-principle approval from Odisha’s High-Level Clearance Authority to set up a renewable manufacturing complex in Dhenkanal. The proposed Rs 4,500-crore investment signals the state’s focus on expanding its clean energy manufacturing base at a time when companies are scaling domestic production capacity.
The project will be developed in three phases and is planned to include a 3 GW solar cell unit, a 3 GW solar module unit, a 5 GWh battery cell and pack facility, and a 60 MW captive power plant. Industry officials note that Odisha has been positioning itself as an emerging destination for large-scale renewable and electronics manufacturing, and this approval aligns with the state’s recent push to attract investments in core industrial districts.
The development also comes shortly after CESC Ltd reported its financial performance for the September 2025 quarter. The company posted a 20.4% year-on-year rise in net profit to Rs 425 crore from Rs 353 crore a year earlier. Revenue rose 12% to Rs 5,267 crore, while EBITDA grew 18.4% to Rs 1,061 crore with margins improving to 20.1%, reflecting steady operational performance during the period. The board declared an interim dividend of Rs 6 per equity share.
The Odisha government, which has been clearing proposals focused on renewables and advanced manufacturing, is expected to outline further details once the project moves to subsequent approval stages.
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