Ceigall India Secures ₹550 Crore Solar Project LOA from MPUVNL
Ceigall India Limited received a ₹550 crore LOA from MPUVNL for 130 MW solar projects under PM KUSUM-C. The project includes 18 months of execution and 25 years of operation.
The LOA for a ₹550 crore project is a material development that will contribute to the company's revenue and market position in the renewable energy sector.
The company has received a Letter of Award for a significant solar power project, which is a positive development for its business.
Ceigall India Limited has received a Letter of Award (LOA) from Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL) for setting up Solar PV based power generating stations with an aggregate capacity of 130 MW (AC) under the PM KUSUM-C scheme.
The project, valued at approximately ₹550 crore (including GST), involves the design, engineering, procurement, construction, testing, commissioning, and operation of grid-connected solar power plants across two districts in Madhya Pradesh. The scope includes an 18-month execution period followed by a 25-year operational period, supported by a long-term Power Purchase Agreement (PPA).
Ramneek Sehgal, Chairman & Managing Director of Ceigall India Limited, stated that this LOA is a significant milestone in the company's renewable energy journey and expressed pride in contributing to Madhya Pradesh's renewable energy goals. This award reinforces Ceigall's presence in the solar EPC segment and aligns with its strategy of expanding in sustainable infrastructure.
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