CEIGALL NSE filing

Ceigall India secures ₹712.16 Cr solar power project from MSEDCL for 190 MW

The RealCase readHigh impact Positive

Ceigall India received a ₹712.16 Crore Letter of Award from MSEDCL for a 190 MW solar power project under the Mukhyamantri Saur Krushi Vahini Yojana 2.0.

Why it matters

The order is substantial in value (₹712.16 Crore) and scope (190 MW solar plant with 25-year operational period), which is expected to significantly contribute to the company's revenue, order book, and long-term growth trajectory.

The market read

The company has secured a significant new order worth ₹712.16 Crore, which includes a long-term Power Purchase Agreement for 25 years, indicating stable future revenue and business growth.

Ceigall India Limited has received a Letter of Award (LOA) dated October 2, 2025, from Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL). * The LOA is for a Solar Power Developer (SPD) role to set up solar photovoltaic power generating stations with an aggregate capacity of 190 MW (AC). * This project falls under the Mukhyamantri Saur Krushi Vahini Yojana 2.0 Scheme and involves grid-connected solar power projects across 4 districts in Maharashtra. * The project includes an Engineering, Procurement, and Construction (EPC) cost of ₹ 712.16 Crore (including GST). * The company will construct the 190 MW solar plant, operate, maintain, and supply power for 25 years under a long-term Power Purchase Agreement (PPA). * The work execution period is 18 months, followed by a 25-year operational period.

Filing to action

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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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Primary source

A plain-language summary of a public exchange filing by Ceigall India Limited. Read the original for the full detail.

View original filing