Ceigall India Limited has informed the stock exchanges under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding a significant business development in the renewable energy sector. The company has received communication dated May 12, 2026, confirming its selection for a 100 MW Standalone Battery Energy Storage System (BESS) project in Punjab.

This development is part of the Ceigall India BESS project Punjab 2026, awarded through Tariff-Based Global Competitive Bidding followed by an e-Reverse Auction process conducted by the Punjab State Power Corporation Limited (PSPCL) under RFS No. 59/PSPCL/1000MWh/ELEC/BIO-43/(BESS-II).

The selection marks a major milestone for Ceigall India in the growing battery energy storage system India market, which is increasingly becoming a critical component of the country’s renewable energy transition strategy.

Project Overview

Under this project, Ceigall India will be responsible for:

• Setting up a 100 MW standalone Battery Energy Storage System (BESS) in Punjab
• Operating and maintaining the facility under long-term contractual terms
• Supplying stored energy as per demand under grid requirements

The project will be executed under a Battery Energy Storage Purchase Agreement (BESPA) with PSPCL, ensuring long-term revenue visibility and operational stability.

Key Contract Terms

The key terms of the agreement include:

• Type of contract: Tariff-based Battery Energy Storage Purchase Agreement
• Operational period: 12 years from Scheduled Commercial Operation Date (SCOD)
• Execution timeline: 18 months for project development and commissioning
• Tariff structure: ₹3,44,000 per MW per month
• Estimated project cost: Approximately ₹250 crore

This long-term structure places the project under stable revenue generation, making it a significant addition to Ceigall India’s infrastructure portfolio.

Strategic Importance of the Project

The PSPCL battery energy storage system tender Ceigall India win highlights the company’s growing role in India’s clean energy infrastructure sector. Battery Energy Storage Systems are critical for:

• Managing renewable energy fluctuations
• Strengthening grid stability
• Supporting solar and wind integration
• Improving peak load management

This positions Ceigall India as a key participant in India’s evolving renewable energy storage ecosystem.

Regulatory Compliance and Disclosure

The company has made this disclosure in accordance with:

• Regulation 30 of SEBI (LODR) Regulations, 2015
• SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
• Stock exchange listing requirements for material contracts

The disclosure has been submitted to both BSE Limited and National Stock Exchange of India Limited (NSE) under standard compliance procedures.

Financial and Business Impact

With an estimated project value of around ₹250 crore, the project is expected to contribute significantly to Ceigall India’s long-term revenue pipeline.

From an investor perspective tracking SEBI Regulation 30 disclosure Ceigall India order news, this project:

• Strengthens order book visibility
• Expands presence in renewable energy infrastructure
• Enhances long-term contracted revenue base
• Improves strategic positioning in energy storage segment

Promoter and Related Party Disclosure

The company has clarified that:

• The awarding entity (PSPCL) has no promoter or group company interest
• The contract does not fall under related party transactions
• All terms are conducted on an arm’s length basis

This ensures transparency and compliance with corporate governance norms.

Execution Timeline and Operational Structure

The project will follow a structured timeline:

• Phase 1: Design, engineering and procurement
• Phase 2: Construction and installation (within 18 months)
• Phase 3: Testing and commissioning
• Phase 4: 12-year operational phase under BESPA

This structure ensures both execution discipline and long-term operational efficiency.

Conclusion

The selection of Ceigall India for a 100 MW Battery Energy Storage System project in Punjab under PSPCL represents a significant advancement in the company’s renewable energy portfolio.

This Ceigall India BESS project Punjab 2026 not only strengthens its infrastructure capabilities but also aligns with India’s broader energy transition goals. With a ₹250 crore project value and 12-year operational contract, the project is expected to provide stable long-term revenue and enhance the company’s position in the fast-growing energy storage market.

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