NSEPress Release30 Jun 2026 · 30 Jun 2026, 11:39 am

Press Release

Ceigall India Limited · CEIGALL

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Ceigall India Limited has executed a Power Purchase Agreement (PPA) for a 220 MW Solar and Battery Energy Storage System (BESS) project at Morena Solar Park in Madhya Pradesh, valued at approximately ₹1,700 crore.

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Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk5/10
Liquidity Impact9/10
Market Sentiment9/10

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Full Announcement

Ceigall India Limited has informed the Exchange regarding a press release dated Jun 30, 2026, titled "Ceigall India Advances India's Clean Energy Vision with 220 MW Solar-BESS PPA at Morena, Madhya Pradesh".

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Date: 30th June 2026 To, To, The General Manager, Manager-Listing Compliance, Department of Corporate National Stock Exchange of India Services, BSE Limited Limited, Exchange Plaza, C-1, Phiroze Jeejeebhoy Towers Block G, Bandra Kurla Complex, Dalal Street, Bandra East, Mumbai – 400 051 Mumbai- 400 001 Symbol: CEIGALL Scrip Code:544223 ISIN: INE0AG901020 ISIN: INE0AG901020 Subject: Intimation of Press Release Dear Sir/Madam, In continuation of our letter dated 30th June 2026 and pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the press release titled “Ceigall India Advances India’s Clean Energy Vision with 220 MW Solar-BESS PPA at Morena, Madhya Pradesh”. The above information is uploaded on the website of the company www.ceigall.com You are requested to take the above information on your record. Thanking you, Yours faithfully, For Ceigall India Limited Megha Kainth Company Secretary & Compliance officer Membership No.: F7639 Enclosed as above Ceigall India Advances India's Clean Energy Vision with 220 MW Solar-BESS PPA at Morena, Madhya Pradesh New Delhi, June 30, 2026: Ceigall India Limited (BSE: 544223 |NSE: CEIGALL), one of India’s fastest- growing infrastructure companies, has marked another significant milestone in its diversification into clean energy infrastructure with the execution of a Power Purchase Agreement (PPA) through its wholly owned subsidiary, Ceigall Morena Solar BESS Park Limited, with Rewa Ultra Mega Solar Limited for a 220 MW Solar and Battery Energy Storage System (BESS) project at Morena Solar Park in Madhya Pradesh. The tariff-based project, valued at approximately ₹1,700 crore (including GST), combines solar power generation with Battery Energy Storage Systems (BESS), reinforcing India's transition towards a more resilient and sustainable energy ecosystem. The project carries an 18-month construction timeline followed by a 25-year operational period, with a discovered tariff of ₹2.70 per kWh. 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. Commenting on the development, Ramneek Sehgal, Chairman & Managing Director, Ceigall India Limited, 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." As Ceigall India continues to expand across high-growth infrastructure segments, the company has also strengthened its governance framework with the appointment of two experienced professionals to its Board of Directors, further enhancing strategic oversight as it enters its next phase of growth. With a proven track record of executing large-scale infrastructure projects across India, Ceigall India remains focused on delivering projects that support economic development, energy security and sustainable nation-building. About Ceigall India Limited (BSE: 544223 | NSE: CEIGALL) Ceigall India Limited is an infrastructure engineering, procurement, and construction (EPC) company engaged in the development of highways, expressways, bridges, flyovers, railway overbridges, tunnels, runways, and other critical infrastructure projects. Building on its proven execution capabilities, the Company is also expanding its presence in the renewable energy sector through utility-scale solar and Battery Energy Storage System (BESS) projects. Ceigall executes projects under both Engineering, Procurement and Construction (EPC) and Hybrid Annuity Model (HAM) formats and has a strong track record of delivering projects on time across multiple states in India. *********