Key Transaction Details
Ceigall India Limited, through its wholly owned subsidiary Ceigall Morena Solar BESS Park Limited, 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.
Project Location: Morena Solar Park, Madhya Pradesh
Project Value: Approximately ₹1,700 crore (including GST)
Project Type: Tariff-based project combining solar power generation with Battery Energy Storage Systems (BESS)
Construction Timeline: 18 months
Operational Period: 25 years
Discovered Tariff: ₹2.70 per kWh
Strategic Context
The project represents Ceigall India's strategic diversification into clean energy infrastructure, complementing its existing presence in transportation and civil infrastructure. This marks another milestone in the company's expansion into India's renewable energy sector.
Management Commentary
Ramneek Sehgal, Chairman & Managing Director of Ceigall India Limited, commented that infrastructure remains one of the strongest pillars of India's journey towards becoming a Viksit Bharat. He stated the company remains committed to building world-class assets that create long-term value for the nation and that this project reflects their growing capabilities beyond conventional infrastructure.
Governance Update
The company has strengthened its governance framework with the appointment of two experienced professionals to its Board of Directors, enhancing strategic oversight as the company enters its next phase of growth.
Company Background
Ceigall India Limited is an infrastructure engineering, procurement, and construction (EPC) company engaged in development of highways, expressways, bridges, flyovers, railway overbridges, tunnels, runways, and other critical infrastructure projects. The company executes projects under both EPC and Hybrid Annuity Model (HAM) formats.