Ceigall India Limited has taken a significant leap into the renewable energy sector by securing a major contract for a 100 MW standalone Battery Energy Storage System (BESS) in Punjab. Selected by Punjab State Power Corporation Limited (PSPCL) through a competitive global bidding process and e-reverse auction, the company will develop the facility under RFS No. 59/PSPCL/1000MWh/ELEC/BIO-43/(BESS-II). This strategic win marks a critical milestone in the company’s expansion beyond traditional infrastructure into clean energy storage solutions.

The project involves the setup of a 100 MW battery storage plant with an estimated project cost of approximately Rs. 250 Crores. Under the terms of the agreement, Ceigall India will operate and maintain the system while supplying power for a period of 12 years under a long-term Battery Energy Storage Purchase Agreement (BESPA). The contract features a tariff amount of Rs. 3,44,000 per MW per month. The execution phase is scheduled to be completed within 18 months, leading into the 12-year operational period starting from the Scheduled Commissioning Date.

Founded in 2002, Ceigall India Limited is a premier Engineering, Procurement, and Construction (EPC) firm specializing in complex infrastructure like elevated roads, tunnels, and metro systems. In 2025, the company aggressively diversified its portfolio, securing a Rs. 1,700 Crore solar-plus-BESS project in Madhya Pradesh and hybrid wind power orders in Andhra Pradesh worth Rs. 298 Crores. Other notable 2025 developments included being the L1 bidder for NH-913 road contracts in Arunachal Pradesh valued at Rs. 2,149.62 Crores and winning a Rs. 509 Crore project for internal roads in Punjab. These wins have pushed the company’s total order book to a robust Rs. 18,554 Crores as of March 2026.

For the quarter ended March 31, 2026, Ceigall India reported a consolidated revenue of Rs. 1,386.51 Crores, a 37.06% increase from Rs. 1,011.60 Crores in the same quarter last year. On a sequential basis, revenue grew by 39.89% from Rs. 991.13 Crores in Q3 FY26. Consolidated Profit After Tax (PAT) for Q4 FY26 surged to Rs. 126.61 Crores, reflecting a 70.86% year-on-year growth and a 70.84% increase from the previous quarter’s Rs. 74.11 Crores. The company maintains a strong promoter holding of 82.06%, with institutional presence including Foreign Institutional Investors (FIIs) at 3.14% and Domestic Institutional Investors (DIIs) at 5.37% as of March 2026.