Ceigall India Limited has informed the Exchange about Bagging/Receiving of orders/contracts
CEIGALL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Ceigall India Limited has received a major order from Punjab State Power Corporation Limited (PSPCL) for setting up a 100 MW Standalone Battery Energy Storage System (BESS) in Punjab. The project has a total cost of approximately Rs. 250 crore and involves an 18-month execution period followed by 12 years of operations under a Battery Energy Storage Purchase Agreement (BESPA). The tariff rate is Rs. 3,44,000 per MW per month. This is a domestic order awarded through tariff-based competitive bidding via e-reverse auction under RFS No. 59/PSPCL/1000MWh/ELEC/BIO-43/(BESS-II). The company clarified that no related party transactions or promoter interests are involved.
This order represents a significant long-term revenue opportunity worth Rs. 250 crore with stable cash flows over 12 years. It strengthens Ceigall's position in the renewable energy infrastructure space and could positively impact the stock given the project's scale and duration.