Ceigall India Limited has informed the Exchange about Bagging/Receiving of orders/contracts

Order Above 5pct RevenueBusiness Updates View source PDF

CEIGALL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+1.5%1-day move

₹349.05

prior close

₹355.60

base price

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AI summary

Ceigall India Limited has been selected by Punjab State Power Corporation Limited (PSPCL) to set up a 50 MW Standalone Battery Energy Storage System (BESS) in Punjab. The project, awarded under tariff-based global competitive bidding, has a total project cost of approximately Rs. 125 crore. The company will execute the work within 18 months and then operate and maintain the facility for 12 years under a Battery Energy Storage Purchase Agreement (BESPA) at a tariff of Rs. 2.99/kWh. This is a domestic order and the company has confirmed no related party involvement.

Likely market impact

Winning a Rs. 125 crore BESS project signals strong execution capability in the renewable energy storage space and adds a long-term revenue visibility over 12 years, which could be positive for the stock given Ceigall's relatively smaller scale.