Ceigall India Limited Emerges L1 Bidder for 130 MW Solar Project Worth ₹550 Crore
Ceigall India Limited has been declared L1 Bidder for a 130 MW solar power project by MPUVNL under the PM KUSUM-C scheme. The project's EPC cost is approximately ₹550 Crore. The contract includes a 25-year PPA, with an 18-month execution period.
The order value of ₹550 Crore is substantial and represents a significant new business win for Ceigall India Limited, likely impacting its future revenue and market position.
The company has emerged as the L1 bidder for a significant solar power project, indicating potential future revenue and business expansion.
Ceigall India Limited has announced its emergence as the L1 Bidder in a financial bid by Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL) for Solar PV based Power Plants (SPP). The project entails setting up grid-connected solar power projects with an aggregate capacity of 130 MW (AC) under the Surya Mitra Krishi Feeders Scheme – PM KUSUM -C, located in two districts of Madhya Pradesh.
The significant terms of the contract include a Power Purchase Agreement (PPA) for 25 years from the Schedule Commercial Operation Date. The EPC cost for this project is approximately ₹550.00 Crore, including GST. The execution of the project is expected to take 18 months, followed by a 25-year operational period.
This order has been awarded by a domestic entity, MPUVNL. Ceigall India Limited has confirmed that neither the promoter nor any group companies have an interest in the entity that awarded the order, and the contract will not fall under related party transactions.
The information is based on results declared on the e-procurement portal, and a separate announcement will be made upon receipt of the official Letter of Award from the employer. The company's website, www.ceigall.com, also hosts this information.
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Ceigall India Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Ceigall India Limited. Read the original for the full detail.