Ceigall Morena Solar BESS Park Limited, Wholly Owned Subsidiary of Ceigall India Limited have executed Power Purchase Agreement (PPA) with Rewa Ultra Mega Solar Limited on June 29, 2026, ....
ORDERS
▲ Positive Development
MEDIUM RISK
📅 Filed on BSE: 30 Jun 2026, 10:33 AM IST · BSE ID: d84827b0-ae50-489c-833d-d2775c60abd8
View Original BSE Filing (PDF)
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In Simple Terms
Ceigall India's subsidiary secured a significant long-term power agreement for a solar and battery project.
🤖 AI Summary
- Wholly-owned subsidiary executed a Rs. 1,700 Crores PPA for 220 MW Solar & BESS.
- Agreement signed with Rewa Ultra Mega Solar Limited on June 29, 2026.
- Project includes 18-month construction and 25-year operational period.
- Tariff for the project is set at Rs. 2.70/kWh.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Construction Period
18 Months
Operational Period
25 Years
Tariff Quoted
Rs. 2.70/kWh
Approximate Project Value
Rs. 1,700 Crores
🏢 How This Affects the Company
Secures a substantial long-term revenue stream from the energy sector. The project adds 220 MW capacity to the company's project pipeline, reinforcing its position in renewable energy infrastructure.
The Rs. 1,700 Crores approximate project value indicates a significant future revenue stream over the 25-year operational period. This PPA execution confirms a large order, impacting future earnings visibility.
The company will undertake an 18-month construction period for the solar and BESS components. This requires significant project management and execution capabilities for a large-scale infrastructure project.
Execution risk associated with the 18-month construction timeline is present. However, the long-term PPA reduces revenue risk over the 25-year operational phase.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders based on this filing.
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Who Is Affected
All shareholders are affected by the confirmed long-term revenue potential from this significant project award.
🔍
Management Signal
This PPA execution demonstrates management's focus on securing large-scale, long-duration renewable energy contracts.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Project commencement and construction milestones.
Progress updates on the 18-month build phase.
Future operational performance reports for the 25-year period.
MEDIUM RISK
Large project value and extended construction timeline introduce operational execution risks.
💡 Investor Takeaway
Ceigall India's subsidiary executed a Rs. 1,700 Crores PPA for 220 MW Solar & BESS with Rewa Ultra Mega Solar, featuring an 18-month build and 25-year operation at Rs. 2.70/kWh.
⚖️ Strengths & Concerns
✅ Positives
- Execution of a Rs. 1,700 Crores PPA for 220 MW Solar & BESS project confirms significant order value.
- Long 25-year operational period provides substantial revenue visibility for the project's lifecycle.
⚠️ Concerns
- The 18-month construction period introduces execution timeline risks inherent in large infrastructure projects.
- Reliance on a single tariff of Rs. 2.70/kWh for revenue generation over 25 years.
📅 Company Track Record
Ceigall India has recently won other significant projects including a Rs. 603 Crore NHAI spur project and two PSPCL BESS projects totaling Rs. 375 Crores.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What is the approximate value of the PPA executed by Ceigall India's subsidiary?
The approximate project value of the PPA is Rs. 1,700 Crores.
What is the capacity of the Solar & BESS project under the new PPA?
The PPA is for contract capacities of 220 MW.
Who is the counterparty for this Power Purchase Agreement?
The Power Purchase Agreement is with Rewa Ultra Mega Solar Limited.
What are the construction and operational periods for this project?
The project has a construction period of 18 Months and an operational period of 25 Years.
Questions based on this BSE filing only. For information purposes.