Ceigall India Subsidiary Executes 15 PPAs for 130 MW Solar Capacity
Ceigall India's subsidiary executed 15 PPAs with MPPMCL for 130 MW solar capacity under the Surya Mitra Krishi Feeder Yojana. The agreements are for 25 years at ₹2.85 per unit, with an EPC cost of ₹572 crore. This marks a significant step into renewable energy for the company.
The value of the order (₹572 crore) and the long-term nature of the agreement (25 years) indicate a material impact on the company's future revenue and operational scope.
The company has secured significant new orders through Power Purchase Agreements for a substantial solar capacity, which is a positive development for its business.
Ceigall Green Energy MP Limited, a wholly owned subsidiary of Ceigall India Limited, has completed the execution of 15 Power Purchase Agreements (PPAs) with Madhya Pradesh Power Management Company Limited (MPPMCL) on April 1, 2026. These agreements are for a total awarded solar capacity of 130 MW under the Surya Mitra Krishi Feeder Yojana.
The PPAs stipulate that Ceigall Green Energy MP Limited will implement, operate, maintain, and supply power from solar photovoltaic generating stations for a period of 25 years. The quoted tariff is ₹2.85 per unit. The project has an estimated EPC cost of ₹572 crore (including GST) and includes a 12-month execution period, followed by a 25-year operational term.
Ramneek Sehgal, Chairman & Managing Director of Ceigall India Limited, stated that this milestone strengthens Ceigall's presence in India's renewable energy sector and contributes to the Surya Mitra Krishi Feeder Yojana, a key government initiative for clean and reliable energy. The company aims to develop sustainable solar assets and supports India's energy transition.
Ceigall India Limited is an infrastructure EPC company with expertise in highways, bridges, and other large-scale projects, now diversifying into renewable energy to align with India's focus on sustainable infrastructure and energy security.
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