Ceigall India Secures 220 MW Solar-BESS PPA in Madhya Pradesh to Expand Clean Energy Portfolio
Ceigall India Limited, a fast-growing infrastructure company, has achieved a significant milestone in its push into clean energy through a Power Purchase Agreement (PPA). The agreement involves the construction and operation of a solar power and Battery Energy Storage System (BESS) project.The PPA is executed by Ceigall Morena Solar BESS Park Limited, a wholly-owned subsidiary of Ceigall India, with Rewa Ultra Mega Solar Limited. This venture will be located at the Morena Solar Park in Madhya Pradesh and focuses on renewable energy infrastructure.
Project Details and Financials
The tariff based project combines solar power generation capabilities with Battery Energy Storage Systems (BESS). The total value of the project is approximately ₹1,700 crore, which includes GST.
Key operational details for the project include:
- Capacity: 220 MW Solar-BESS
- Location: Morena Solar Park, Madhya Pradesh
- Discovered Tariff: ₹2.70 per kWh
- Timeline: The construction phase is set for 18 months, followed by a 25-year operational period.
The project strengthens Ceigall India's transition into the resilient and sustainable energy ecosystem in India.
Commenting on this development, Ramneek Sehgal, Chairman and Managing Director of Ceigall India Limited, stated that infrastructure remains a key pillar for India's journey towards becoming a Viksit Bharat. He added that the project highlights the company’s expanding capabilities beyond conventional infrastructure and strengthens its presence in the clean energy sector.
Strategic Expansion and Governance
This agreement represents a strategic move as Ceigall India expands its infrastructure portfolio, supplementing its established presence in transportation and civil infrastructure projects with renewable energy assets.
In addition to this major project, the company has also enhanced its governance framework by appointing two experienced professionals to its Board of Directors, signaling continued growth and strategic oversight.
Ceigall India is dedicated to delivering large-scale projects that support economic development and energy security across India. The company specializes in infrastructure engineering, procurement, and construction (EPC), having a strong track record in highways, expressways, bridges, flyovers, and tunnels. Ceigall also executes projects under both EPC and Hybrid Annuity Model (HAM) formats.
CEIGALL Stock Price Movement
As of 11:52 AM, shares of Ceigall India Limited are slipping by 0.61% in live trading, currently valued at ₹393.55 after a daily dip of ₹2.40. The stock is seeing active movement with 719,987 shares traded as it trades below its previous close of ₹395.95.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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