Ceigall India Limited has received a Letter of Award (LOA) from Rewa Ultra Mega Solar Limited for developing Unit 1 (220 MW) at Morena Solar Park, Madhya Pradesh. The project carries an approximate value of ₹1,700 Crores, based on a quoted tariff of ₹2.70/kWh. This domestic contract involves both Solar and Battery Energy Storage Systems (BESS) components, with a construction period set at 24 months.
Major Award in Renewable Energy Sector
Ceigall India Limited announced on February 9, 2026, that it has secured a significant Letter of Award (LOA) from Rewa Ultra Mega Solar Limited. This award is for the development of Unit 1, a project with a substantial capacity of 220 MW, to be constructed at the Morena Solar Park in Madhya Pradesh.
Contract Specifics and Financial Value
The project is structured as a Tariff Based development, incorporating both Solar and Battery Energy Storage Systems (BESS) components. The broad consideration for the order is based on a quoted tariff of ₹2.70/kWh. The approximate total project value is estimated to be around ₹1,700 Crores (including GST). The awarding entity, Rewa Ultra Mega Solar Limited, is a Domestic Entity.
Execution Timeline
The agreement specifies a clearly defined timeline for execution. The stipulated Construction Period for the project is 24 Months. Following construction, the project comes with a subsequent Operational Period commitment lasting 25 Years.
Corporate Compliance Confirmation
The company confirmed that the terms and conditions adhere to standard operational parameters. Furthermore, Ceigall India Limited verified that there is No interest held by any promoter/promoter group in the awarding entity, and the transaction does Not fall within the scope of related party transactions.
Source: BSE
