Ceigall India received a Letter of Award from Rewa Ultra Mega Solar Ltd to develop a 220 MW solar and battery energy storage system project at Morena Solar Park in Madhya Pradesh. The project value stands at ₹1,700 crore with a ₹2.70/kWh tariff.
Source: Ceigall India Press Release (NSE Exchange Fillings) | Published on Feb 09, 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 received a Letter of Award dated 9 February 2026 from Rewa Ultra Mega Solar Ltd for the development of Unit 1 at Morena Solar Park in Madhya Pradesh. The awarded project involves setting up a 220 MW solar photovoltaic facility integrated with battery energy storage systems. The approximate project value is ₹1,700 crore, including GST. The tariff quoted for the project is ₹2.70 per kilowatt-hour.
The contract specifies a construction period of 24 months, followed by an operational period of 25 years. The order has been awarded by a domestic entity and does not involve any related-party transactions.
Also Read: RailTel Corporation of India Secures ₹454.94 Crore Project From West Central Railway
Ceigall India has received an LoA for a utility-scale renewable energy project.
The project includes solar power generation and battery energy storage systems.
The quoted tariff under the contract is ₹2.70 per kWh.
Construction is scheduled over 24 months with a 25-year operational term.
The approximate project value is ₹1,700 crore, including taxes.
The Letter of Award has been issued by Rewa Ultra Mega Solar Ltd under a tariff-based bidding framework. The scope of work covers the complete development of Unit 1 at Morena Solar Park, including solar PV modules and battery storage components.
The inclusion of battery energy storage aligns with grid management requirements and supports power supply beyond peak solar generation hours. The contract structure outlines clear timelines for execution and long-term operation without any disclosed promoter or group interest in the awarding entity.
The project is expected to be completed within a construction window of 24 months from the date of award. After completion, the plant will enter an operational phase spanning 25 years, during which electricity will be supplied at the agreed tariff.
Such long-term operational arrangements are common in large renewable energy projects and provide clarity on execution and supply obligations.
Particular | Details |
Awarding entity | Rewa Ultra Mega Solar Ltd |
Location | Morena Solar Park, Madhya Pradesh |
Capacity | 220 MW |
Components | Solar PV and BESS |
Tariff | ₹2.70 per kWh |
Project value | ₹1,700 crore (including GST) |
Construction period | 24 months |
Operational period | 25 years |
Large solar projects with integrated storage systems are becoming more common as power developers focus on improving supply stability. Battery energy storage helps manage intermittency and supports grid reliability. Projects at solar parks such as Morena form part of India’s broader renewable infrastructure development.
Contract awards of this scale add to the execution pipeline for infrastructure companies operating across energy and power segments. Market participants often track such developments as part of broader sector activity.
Ceigall India share price stands at ₹291.85 per share on the BSE as of 9 February 2026 at 15:30 PM IST, up by 1.18%.
Disclaimer :
The information on this website is provided on "AS IS" basis. Bajaj Broking (BFSL) does not warrant the accuracy of the information given herein, either expressly or impliedly, for any particular purpose and expressly disclaims any warranties of merchantability or suitability for any particular purpose. While BFSL strives to ensure accuracy, it does not guarantee the completeness, reliability, or timeliness of the information. Users are advised to independently verify details and stay updated with any changes.
The information provided on this website is for general informational purposes only and is subject to change without prior notice. BFSL shall not be responsible for any consequences arising from reliance on the information provided herein and shall not be held responsible for all or any actions that may subsequently result in any loss, damage and or liability. Interest rates, fees, and charges etc., are revised from time to time, for the latest details please refer to our Pricing page.
Neither the information, nor any opinion contained in this website constitutes a solicitation or offer by BFSL or its affiliates to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service.
BFSL is acting as distributor for non-broking products/ services such as IPO, Mutual Fund, Insurance, PMS, and NPS. These are not Exchange Traded Products. For more details on risk factors, terms and conditions please read the sales brochure carefully before investing.
Investments in the securities market are subject to market risk, read all related documents carefully before investing. This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For more disclaimer, check here : https://www.bajajbroking.in/disclaimer
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading