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Ceigall India Becomes Lowest Bidder for Rs 1,700 Cr BESS Solar Project in MP

Synopsis:


Ceigall India emerged lowest bidder in Rewa UMSL auction on 19 Sep 2025 for a 440 MW BESS solar project at Morena Solar Park, MP. It won 220 MW at ₹2.70/kWh. Project value ~Rs 1,700 crore, construction in 24 months, life 25 years.


Source:
Ceigall India Press Release (NSE Exchange Fillings) | NSE and BSE | Published on Sept 22, 2025

Disclaimer: This content has been published for informational purposes only. Bajaj Broking is not affiliated with, nor does it endorse or assume any responsibility for, the source material. Readers are advised to consult the original publication for complete and accurate context.

Ceigall India news today

As quoted in the press release of Ceigall India (NSE Exchange Filings), the company has emerged as the lowest bidder for a 440 MW solar photovoltaic project connected to the electric grid and integrated with battery energy storage systems (BESS) at the Morena Solar Park in Madhya Pradesh. The auction was conducted by Rewa Ultra Mega Solar Limited (Rewa UMSL) via a process of reverse bidding on 19 September 2025. Ceigall India quoted a tariff of ₹2.70 per kilowatt-hour for the 220 MW component it won.

Also read: Zydus’ Ahmedabad oncology plant gets positive USFDA compliance update

CEIGALL INDIA LIMITED

Trade

270.34-2.58 (-0.94 %)

Updated - 24 September 2025
276.75day high
DAY HIGH
270.05day low
DAY LOW
121326
VOLUME (BSE)

Key Takeaways

  • Ceigall India secured 220 MW of the total 440 MW put up in the auction.

  • Quoted tariff is ₹2.70/kWh.

  • Estimated project cost is about Rs 1,700 crore (including GST).

  • Construction timeline is 24 months; operational life expected 25 years.

Also read: NBCC Secures Rs 117 Cr HUDCO PMC Contracts Across Four Indian Cities

Project Specifications

Parameter

Value

Total Capacity Offered

440 MW

Capacity Won by Ceigall India

220 MW

Quoted Tariff

₹2.70/kWh

Estimated Project Cost

≈ Rs 1,700 crore (with GST)

Construction Period

24 months

Operational Period

25 years

Project Location

Morena Solar Park, Madhya Pradesh

Context Around Ceigall India Share Price

It may be helpful to remember the context of the market at the time the award was issued. Ceigall India share price reigned at ₹276.35 a share on the BSE on 19 September 2025 at 15:30 PM IST. This share price indicating where the market had recently weighted in terms of such contract wins.

Implications For Tracking Renewable Sector Activity

This initiative is a further step in the continuing roll-out of solar plus storage infrastructure in India. As you follow the renewable energy space, you do see this as part of the trend of pairing solar generation with battery storage to manage the intermittency in supply. The size of the project, the tariff level, and the period for execution may make a difference if comparing to other auctions of similar products.

Outlook Without Predictions

You could think of this award as a new addition to Ceigall India’s project portfolio which would require the company to adhere to the execution schedule for the next two years, and you will see the performance of BESS integration over its 25-year life.

Additional Observations

You may also observe the following: 

  • The bidding tariff of ₹2.70/kWh gives a benchmark for solar + storage auction prices currently seen in central India. 

  • The splitting of Ceigall at half of the 440 MW indicates competition and that there is still interest in these auctions. 

  • The contracting duration (24 months) suggests that construction activity will appear somewhat soon. 

This contract award may inform market expectations for order book growth and long-term revenue stability.

 

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