Ceigall India signs 1,700 crore 220 MW solar-BESS PPA in Madhya Pradesh

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CEIGALL · price

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Price reactionminutes from the announcement price · days from the prior close

-1.2%Reaction day

₹396.55

prior close

₹392.95

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+1.0%-2.2% vs market

Civil Construction peers, median of 98sector+0.0%-1.2% vs sector

On the reaction day the stock moved 2.2 pts less than Nifty Microcap 250 and 1.2 pts less than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 98Pending

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AI summary

Ceigall India, through its wholly owned subsidiary, signed a Power Purchase Agreement with Rewa Ultra Mega Solar for a 220 MW solar plus Battery Energy Storage project at Morena Solar Park in Madhya Pradesh. Project value is around 1,700 crore rupees including GST, with 18 months of construction and 25 years of operation. Tariff set at 2.70 rupees per kWh. Marks the company's expansion into clean energy beyond its core transport and civil infrastructure business.

Likely market impact

Positive - adds a 1,700 crore rupee clean energy project to the order book and diversifies revenue beyond transport and civil infrastructure.