Announced Tue, 30 Jun · 11:39 IST
Ceigall India signs 1,700 crore 220 MW solar-BESS PPA in Madhya Pradesh
Business Updates View source PDF
CEIGALL · price
▲ 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
-1.1%1-day move
₹396.55
prior close
₹392.95
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.1-0.1-1.1-2.9-8.2-9.6-4.2-6.8-13.5———
Up moveDown movePending
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.