Ceigall Morena Solar BESS Park Limited, a wholly owned subsidiary of Ceigall India , has executed a Power Purchase Agreement (PPA) with Rewa Ultra Mega Solar Limited for a 220 MW Solar and Battery Energy Storage System (BESS) project at Morena Solar Park in Madhya Pradesh. The agreement, signed on June 29, 2026, marks a significant step in the company's diversification into clean energy infrastructure. The project is valued at approximately ₹1,700 crore including GST and features a discovered tariff of ₹2.70 per kWh.

Project Details

The tariff-based project combines solar power generation with battery energy storage capabilities. It entails a construction period of 18 months, followed by a 25-year operational period. This initiative reinforces India's transition towards a more resilient and sustainable energy ecosystem while expanding Ceigall India's infrastructure portfolio.

Key Contractual Terms

Ramneek Sehgal, Chairman & Managing Director of Ceigall India Limited, stated that the project reflects the company's growing capabilities beyond conventional infrastructure and strengthens its presence in the clean energy ecosystem. He emphasized the commitment to building world-class assets that create long-term value for the nation. The disclosure confirms that the promoter, promoter group, or group companies hold no interest in the entity awarding the order, and the transaction is not a related party transaction.

Ceigall India has emerged as the L1 bidder for a road strengthening project awarded by the Public Works Department, Government of Delhi. The company submitted a financial bid of ₹330.84 crores, which is approximately 29% higher than the estimated tender cost of ₹256.46 crores. The project involves strengthening and other works for various roads under the South Maintenance Zone, PWD, during the financial year 2026-27.

Project Details

The contract is an Item Rate Contract classified as a domestic order. The execution timeline includes a construction period of 375 days, followed by a 12-month defect liability period. Upon completion of the defect liability period, a free maintenance period of 48 months is mandated.