Ceigall India Limited has announced that its subsidiary, Ceigall Ayodhya Bypass Private Limited, has achieved a significant construction milestone on the Southern Ayodhya Bypass project. The Independent Engineer (IE) issued a letter on May 12, 2026, verifying that the project achieved 35.00% physical progress as of May 7, 2026. This development confirms the successful completion of Project Milestone II under Schedule G of the Concession Agreement, which was reached 92 days ahead of the scheduled date.

Project Details

The project entails the construction of a 4/6 Lane Southern Ayodhya Bypass spanning a total length of 32.172 Km. The stretch runs from Km. 5.000 to Km. 37.172, corresponding to Km. 112.540 to Km. 153.281 on National Highway 27 (NH-27). The initiative is being executed on a Hybrid Annuity Model (HAM) basis under NHDP Phase-VII in the state of Uttar Pradesh.

Regulatory Disclosure

The company disclosed this update in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information has been made available on the official website of Ceigall India Limited. The communication was submitted by Megha Kainth, Company Secretary (Membership No: F7639), on behalf of the company.

Ceigall India Limited has secured a significant contract from Punjab State Power Corporation Limited (PSPCL) for setting up 100 MW Standalone Battery Energy Storage Systems (BESS) in Punjab. The company received an email dated May 12, 2026, confirming its selection under Tariff-Based Global Competitive Bidding through E-Reverse Auction, under RFS No. 59/PSPCL/1000MWh/ELEC/BIO-43/(BESS-II). The development was disclosed to stock exchanges on May 13, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Contract Overview

The contract involves setting up a 100 MW Battery Storage Plant and operating, maintaining, and supplying power for 12 years under a long-term Battery Energy Storage Purchase Agreement (BESPA). The project cost is approximately Rs. 250 Cr, with a tariff amount of Rs. 3,44,000/MW/Month. The contract has been awarded by a domestic entity, and neither the promoter/promoter group/group companies have any interest in PSPCL, nor does the contract fall within related party transactions.

Key Contract Details

The following table summarizes the key parameters of the awarded contract:

Significant Terms and Conditions

The contract is structured as a Tariff-Based Contract Agreement with the following key terms:

• Battery Energy Storage Purchase Agreement (BESPA): A long-term agreement spanning 12 years from the Schedule Commercial Operation Date
• Work Execution Timeline: 18 months for project execution
• Operational Commitment: 12-year operational period covering operation, maintenance, and power supply to PSPCL

The contract was disclosed in compliance with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The disclosure was signed by Megha Kainth, Company Secretary (Membership No: F7639), on behalf of Ceigall India Limited.