Ceigall subsidiary signs Rs 1,700 Cr PPA for 220 MW solar-BESS project

Govt Defence OrderBusiness Updates View source PDF Explain this filing

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

₹400.45

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

Wholly owned subsidiary Ceigall Morena Solar BESS Park has executed a Power Purchase Agreement with Rewa Ultra Mega Solar Limited for 220 MW capacity at Morena Solar Park, Madhya Pradesh. Tariff is Rs 2.70 per kWh and approximate project value is Rs 1,700 Crores inclusive of GST. The order is domestic, with 18 months for construction and 25 years of operation.

Likely market impact

Large long-tenure order boosts order book and revenue visibility for 25 years, supporting growth outlook.