Ceigall India Executes 220 MW Solar-BESS Power Purchase Agreement in Madhya Pradesh

Ceigall India Limited, through its wholly owned subsidiary, has formally executed a Power Purchase Agreement (PPA) worth approximately ₹1,700 Crore (inclusive of GST) with Rewa Ultra Mega Solar Limited (RUMSL). Signed on June 29, 2026, the agreement marks the formalization of Madhya Pradesh’s first solar-plus-storage power pact. The project, comprising a 220 MW integrated Solar and Battery Energy Storage System (BESS), is located at Unit 1 of the Morena Solar Park in the Morena district of Madhya Pradesh.

Project Specifications

The following table details the core contractual and financial metrics of the agreement:

Timeline and Execution Framework

The project development follows a sequence of regulatory and competitive milestones, with the PPA defining the final execution parameters:

• Tender Context: Ceigall secured the 220 MW capacity through a competitive process in which RUMSL invited bids for a total project capacity of 440 MW.
• Historical Milestones: The company was declared the L-1 (lowest) bidder in September 2025 and subsequently received the Letter of Award (LOA) on February 9, 2026.
• Construction Period: Under the terms of the executed PPA, the project is mandated for completion within an 18-month construction window. This represents an acceleration of the development schedule compared to the 24-month period originally estimated in the February 2026 LOA.
• Operational Tenure: The agreement secures a 25-year operating period following the successful commissioning of the facility.

Subsidiary and Corporate Disclosure

The project is being developed by Ceigall Morena Solar BESS Park Limited, a Special Purpose Vehicle (SPV) and wholly owned subsidiary of Ceigall India Limited. The subsidiary was incorporated on February 13, 2026, specifically to fulfill the contractual obligations of the Morena Solar Park development.

The project was awarded via a Tariff-Based Competitive Bidding (TBCB) process utilizing an electronic reverse auction mechanism. In accordance with regulatory transparency standards, Ceigall India has confirmed that the promoter group holds no interest in the awarding entity and that the contract does not constitute a related-party transaction.

Technical Specification Disclosure

The facility is classified as a “Grid-Connected Ground-Mounted” Solar Photovoltaic (PV) project integrated with Battery Energy Storage Systems (BESS) to enhance grid reliability. While the PPA confirms the total integrated capacity of 220 MW, specific technical sub-allocations—such as the exact megawatt (MW) breakdown between solar and storage components or the total energy storage capacity in megawatt-hours (MWh)—have not been disclosed in official regulatory filings.

The execution of this PPA formalizes Ceigall India’s entry into large-scale renewable energy storage, expanding the company’s infrastructure portfolio into the clean energy sector.