Subsidiary signs Rs 1,700 Cr PPA for 220 MW solar-BESS project with Rewa Ultra Mega Solar

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

₹397.60

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

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Wholly owned subsidiary Ceigall Morena Solar BESS Park has signed a 25 year Power Purchase Agreement with Rewa Ultra Mega Solar for 220 MW solar and battery storage capacity at Morena Solar Park in Madhya Pradesh. The tariff is Rs 2.70 per kWh and total project value is about Rs 1,700 Crores including GST. Construction period is 18 months. The order is domestic and not a related party transaction.

Likely market impact

Positive for stock. Adds long-term revenue visibility over 25 years from a government-backed counterparty, though execution and tariff risks remain over 18 month build.