CEIGALL NSE filing

Ceigall India Limited: WOS executes ₹1,700 Cr PPA for 220 MW Solar BESS Park

The RealCase readHigh impact Positive

Ceigall India Limited's subsidiary has executed a Power Purchase Agreement (PPA) with Rewa Ultra Mega Solar Limited for a 220 MW Solar and Battery Energy Storage Systems (BESS) project. The PPA, valued at approximately ₹1,700 Crores, has an operational period of 25 years.

Why it matters

The PPA represents a substantial new order and project for the company, with a significant value and a long operational period, which is expected to have a considerable impact on its future revenue and operations.

The market read

The execution of a significant Power Purchase Agreement (PPA) valued at ₹1,700 Crores for a substantial solar and BESS project is a positive development for the company.

Ceigall India Limited announced that its wholly-owned subsidiary, Ceigall Morena Solar BESS Park Limited, has executed a Power Purchase Agreement (PPA) with Rewa Ultra Mega Solar Limited. The agreement is for a contract capacity of 220 MW for a Solar and Battery Energy Storage Systems (BESS) project located at Morena Solar Park, Morena, Madhya Pradesh.

The PPA was executed on June 29, 2026. The project is tariff-based, with a quoted tariff of ₹2.70/kWh. The approximate total project value, including GST, is ₹1,700 Crores. The construction period for the project is 18 months, and the operational period is 25 years.

This execution is a continuation of previous communications regarding this project. The company confirmed that the promoter/promoter group/group companies have no interest in Rewa Ultra Mega Solar Limited, and the contract does not fall within related party transactions.

Filing to action

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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 high impact, which is the band that most often changes something.

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Primary source

A plain-language summary of a public exchange filing by Ceigall India Limited. Read the original for the full detail.

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