Ceigall India Signs PPA for 220 MW Solar-BESS Project Worth INR 1,700 Crore in Madhya Pradesh

Ceigall India Ltd. has signed a Power Purchase Agreement (PPA) for a 220 MW Solar and Battery Energy Storage System (BESS) project at Morena Solar Park in Madhya Pradesh through its wholly owned subsidiary, Ceigall Morena Solar BESS Park Ltd..

The agreement has been executed with Rewa Ultra Mega Solar Ltd. (RUMSL). The tariff-based project is valued at around INR 1,700 crore, including GST, and will combine solar power generation with battery energy storage to support reliable renewable energy supply.

The project will be developed over an 18-month construction period and will have a 25-year operational tenure. The discovered tariff for the project stands at INR 2.70 per kWh.

The company said that the project marks another step in its diversification into the renewable energy sector, complementing its existing presence in transportation and civil infrastructure.

Commenting on the development, Ramneek Sehgal, Chairman and Managing Director of Ceigall India Ltd., said, "Infrastructure continues to be one of the strongest pillars of India's journey towards becoming a Viksit Bharat. As the country accelerates investments across transportation, energy and urban development, we remain committed to building world-class assets that create long-term value for the nation. This project reflects our growing capabilities beyond conventional infrastructure and strengthens our presence in the clean energy ecosystem. We are confident that our diversified expertise, supported by a strong leadership team, will enable us to contribute meaningfully to India's sustainable growth story while creating lasting value for all stakeholders."

Ceigall India also said that it has strengthened its governance framework with the appointment of two experienced professionals to its Board of Directors as the company expands into high-growth infrastructure segments.