Ceigall India secures ₹1,700 Cr PPA for 220 MW Solar-BESS project in MP
Ceigall India Limited secured a ₹1,700 crore PPA for a 220 MW Solar-BESS project in Morena, Madhya Pradesh. The project, through its subsidiary Ceigall Morena Solar BESS Park Limited, has an 18-month construction timeline and a 25-year operational period. This strategic move diversifies Ceigall's portfolio into clean energy.
The PPA is valued at ₹1,700 crore and represents a substantial expansion into a new, high-growth sector for the company, indicating a significant impact on its business and future revenue streams.
The announcement details a significant new project win and expansion into the clean energy sector, which is positive for the company's growth prospects.
Ceigall India Limited has executed a Power Purchase Agreement (PPA) through its subsidiary, Ceigall Morena Solar BESS Park Limited, with Rewa Ultra Mega Solar Limited for a 220 MW Solar and Battery Energy Storage System (BESS) project. The project is located at Morena Solar Park in Madhya Pradesh and is valued at approximately ₹1,700 crore (including GST).
The project has an 18-month construction timeline followed by a 25-year operational period, with a discovered tariff of ₹2.70 per kWh. This marks a significant milestone for Ceigall India in its diversification into clean energy infrastructure, complementing its existing presence in transportation and civil infrastructure.
Ramneek Sehgal, Chairman & Managing Director, stated, "This project reflects our growing capabilities beyond conventional infrastructure and strengthens our presence in the clean energy ecosystem. We are confident that our diversified expertise... will enable us to contribute meaningfully to India's sustainable growth story while creating lasting value for all stakeholders."
Additionally, the company has strengthened its governance framework by appointing two experienced professionals to its Board of Directors, supporting its next phase of growth.
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Ceigall India Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. 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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See the model portfoliosA plain-language summary of a public exchange filing by Ceigall India Limited. Read the original for the full detail.