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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.
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.
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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.
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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 |
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.
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.
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.
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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