Announced Tue, 30 Jun · 10:33 IST
Subsidiary signs Rs 1,700 Cr PPA for 220 MW solar-BESS project with Rewa Ultra Mega Solar
CEIGALL · price
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Price reaction · full curve 14 horizons · vs prior close
-1.1%1-day move
₹396.55
prior close
₹397.60
base price
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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.