Ceigall India Share Price Jumps Over 3% on Securing LOA for 220 MW Unit at Morena Solar Park

Ceigall India Limited has received a Letter of Award dated February 9, 2026, from Rewa Ultra Mega Solar Limited for the development of Unit 1 at the Morena Solar Park in Madhya Pradesh. The project will have a capacity of 220 MW and will be executed under a tariff-based model.  

The filing shows that the order has been awarded by a domestic entity. The company stated that the contract does not fall under related-party transactions and that the promoter group has no interest in the awarding entity.  

Tariff and Project Size 

The company has indicated an approximate project value of ₹1,700 crore, including GST. The tariff quoted for the project stands at ₹2.70 per kWh, according to the disclosure.  

The project includes both solar power generation and battery energy storage system (BESS) components. This structure is part of the tariff-based arrangement under which the project has been awarded.  

Execution Schedule 

The construction period for the project has been set at 24 months. After completion, the unit will operate for a period of 25 years.  

The award follows an earlier company communication dated September 20, 2025. The latest filing provides the confirmed details of the contract, including the tariff, capacity, and execution timeline.  

Read More: Ceigall India Share Price in Focus After Subsidiary Secures NHAI Tender for 4-Laning in Bihar! 

Ceigall India Share Price Performance  

As of February 10, 2026, 11:52 am, Ceigall India share price was trading at ₹296.40, up 3.53% from the previous closing price. 

Conclusion 

The LOA covers the development of a 220 MW solar unit with storage at Morena Solar Park, with a tariff of ₹2.70 per kWh, a two-year construction period, and a 25-year operating term. 

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