In accordance with the provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that Ceigall India Limited ('CIL') has received ....
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Ceigall India Ltd has been selected by Punjab State Power Corporation Limited (PSPCL) for setting up a 50 MW Standalone Battery Energy Storage System in Punjab. The project has a cost of approximately Rs. 125 crore and will operate under a 12-year Battery Energy Storage Purchase Agreement (BESPA) at a tariff of Rs. 2.99/kWh. The work execution period is 18 months, followed by 12 years of operations. This is a domestic order won through tariff-based global competitive bidding and e-reverse auction process.
This is a meaningful infrastructure contract for Ceigall India, providing visibility of earnings over a 12-year operational period. The Rs. 125 crore project represents a significant addition to the company's order book in the energy storage segment.