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Ceigall India Secures 220 MW Solar and BESS Contract

Summary:


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.

Ceigall India Secures 220 MW Solar and BESS Contract


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 Limited

Trade

294.27.90 (2.75 %)

Updated - 10 February 2026
307.90day high
DAY HIGH
293.15day low
DAY LOW
1624057
VOLUME (BSE)

Key Takeaways

  • 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.

Contract Details and Terms

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.

Project Timeline and Structure

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.

Project Summary Table

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

Industry Context

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.

Share Price Update

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%.

Published Date : 10 Feb 2026

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