Announced Tue, 30 Jun · 10:35 IST
Ceigall subsidiary signs Rs 1,700 Cr PPA for 220 MW solar-BESS project
CEIGALL · price
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Price reaction · full curve 14 horizons · vs prior close
-1.1%1-day move
₹396.55
prior close
₹400.45
base price
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timing
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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.