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 ....
CEIGALL · price
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Ceigall India Limited has been selected by Punjab State Power Corporation Limited (PSPCL) to set up a 100 MW Standalone Battery Energy Storage System (BESS) in Punjab. The project, awarded through tariff-based global competitive bidding via e-reverse auction, carries a project cost of approximately Rs. 250 crore with a tariff rate of Rs. 3,44,000/MW/month. The contract includes an 18-month work execution period followed by a 12-year operational period under a Battery Energy Storage Purchase Agreement (BESPA). This is a domestic order with no related party involvement.
The 100 MW BESS project worth ~Rs. 250 crore represents a meaningful new energy infrastructure contract. The 12-year BESPA provides long-term revenue visibility. The deal signals Ceigall's expanding footprint in the battery energy storage segment, which could be positive for investor sentiment.