Ceigall India Limited has secured a significant contract from Punjab State Power Corporation Limited (PSPCL) for setting up 50 MW Standalone Battery Energy Storage Systems (BESS) in Punjab. The selection was made through Tariff-Based Global Competitive Bidding via E-Reverse Auction under RFS No. 61/PSPCL/1000 MWh/ELEC/ED-1861/(BESS-3), and the company received intimation of this development on May 13, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Contract Overview

The contract involves the setting up of a 50 MW Battery Storage Plant, following which Ceigall India will operate, maintain, and supply power for a period of 12 years under a long-term Battery Energy Storage Purchase Agreement (BESPA). The project cost is approximately Rs. 125 Cr, with a tariff of Rs. 2.99/KWh. The contract is domestic in nature, and neither the promoter/promoter group nor group companies hold any interest in PSPCL, nor does the transaction constitute a related party transaction.

Key Contract Details

The following table summarises the key parameters of the awarded contract as disclosed by the company:

Significant Terms and Conditions

The contract is structured as a Tariff-Based Contract Agreement. Key terms include:

• Battery Energy Storage Purchase Agreement spanning 12 years from the Schedule Commercial Operation Date
• Work execution period of 18 months
• The company is required to operate, maintain, and supply power throughout the 12-year operational period

The disclosure was made in accordance with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, and the information is also available on the company's website at www.ceigall.com .

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.