Ceigall India Secures ₹550 Crore Solar Projects from MPUVNL
Ceigall India Limited received multiple LOAs from MPUVNL for 130 MW solar projects under PM KUSUM-C. The EPC cost is approximately ₹550 Crore. Projects include a 25-year PPA and 18 months for execution. This is a domestic order with no related party transactions.
The value of the orders (₹550 Crore) is substantial relative to the company's size and represents a significant business win.
The company has secured significant new orders, indicating business growth and positive future prospects.
Ceigall India Limited has received multiple Letters of Award (LOA) from Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL) for Solar PV based Power Plants (SPP). The aggregate capacity of these projects is 130 MW (AC) under the Surya Mitra Krishi Feeders Scheme – PM KUSUM-C. These grid-connected solar power projects will be set up in two districts within Madhya Pradesh.
The significant terms include a Tariff-based Power Purchase Agreement (PPA) for 25 years from the Schedule Commercial Operation Date. The EPC cost for these projects is approximately ₹550.00 Crore, including GST. The execution of the work is expected within 18 months, followed by an operational period of 25 years. The company has confirmed that the awarding entity is a domestic entity and that there are no promoter or group company interests in MPUVNL, nor do the contracts fall under related party transactions.
This intimation follows up on an earlier letter dated December 22, 2025, and the details are also available on the company's website.
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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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