Ceigall India Limited Secures ₹250 Crore Order for 100 MW BESS in Punjab
Ceigall India Limited has been awarded a contract by Punjab State Power Corporation Limited to set up a 100 MW Standalone Battery Energy Storage System (BESS) in Punjab. The project cost is approximately ₹250 Crore, with a 12-year Battery Energy Storage Purchase Agreement (BESPA). The execution period is 18 months.
The order represents a substantial project cost of ₹250 Crore and a long-term operational agreement, which is likely to have a material impact on the company's financials and future revenue streams.
The company has secured a significant new order, indicating business growth and expansion.
Ceigall India Limited (CIL) has been selected by Punjab State Power Corporation Limited (PSPCL) for the setting up of a 100 MW Standalone Battery Energy Storage Systems (BESS) in Punjab. This selection was made through a Tariff-Based Global Competitive Bidding process via E-Reverse Auction.
The contract involves a Battery Energy Storage Purchase Agreement (BESPA) with a term of 12 years from the Scheduled Commercial Operation Date. The scope of work includes setting up the 100 MW Battery Storage Plant and its subsequent operation, maintenance, and power supply.
The total project cost is estimated at approximately ₹250 Crore. The tariff for this agreement is set at ₹3,44,000 per MW per month. The execution period for setting up the BESS is 18 months, followed by the 12-year operational period. This is a domestic contract, and neither the promoter nor any group companies have an interest in PSPCL, nor does the contract fall under related party transactions.
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Ceigall India Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Ceigall India Limited. Read the original for the full detail.