Ceigall India announced that its wholly-owned subsidiary, Ceigall Morena Solar BESS Park, has executed a Power Purchase Agreement (PPA) with Rewa Ultra Mega Solar for a 220 MW solar-BESS project at Morena Solar Park in Morena, Madhya Pradesh. According to the latest reports from Capital Market News, the project has an approximate value of ₹1,700 crore (including GST) and comprises solar power generation and Battery Energy Storage System (BESS) components. This marks another significant milestone in Ceigall India's diversification into clean energy infrastructure, reinforcing India's transition towards a more resilient and sustainable energy ecosystem.
The project has a construction period of 18 months and an operational period of 25 years. As reported by Capital Market News, the PPA has been executed with a domestic entity at a tariff of ₹2.70 per kWh. The company emphasized that neither the promoter nor the promoter group has any interest in the awarding entity, and the agreement is not a related-party transaction. The tariff-based project structure ensures long-term revenue stability for the infrastructure company.
The project represents another strategic step in Ceigall India's expanding infrastructure portfolio, complementing its strong presence in transportation and civil infrastructure while strengthening its footprint in the country's rapidly growing renewable energy sector. According to Capital Market News, this diversification into clean energy infrastructure marks a significant shift for the company, positioning it to capitalize on India's transition towards sustainable energy solutions. The combination of solar power generation with Battery Energy Storage Systems creates a comprehensive energy solution for grid stability and renewable integration.
As reported by Capital Market News, Ceigall India's consolidated net profit jumped 70.85% to ₹126.60 crore on a 37.06% increase in revenue from operations to ₹1,386.51 crore in Q4 FY26 over Q4 FY25. The strong financial performance demonstrates the company's robust operational capabilities in the infrastructure sector and provides a solid foundation for its expansion into renewable energy projects.
