Ceigall India executes 337 MW solar PPAs with MSEDCL in Maharashtra
Ceigall India · Construction
Key highlights
- Ceigall Green Energy MH1 and MH2, subsidiaries of Ceigall India, signed PPAs on 24 March 2026 for 190 MW and 147 MW solar projects
- Total EPC cost approx. ₹1,369 crore (₹772 crore for 190 MW, ₹597 crore for 147 MW), with 18 months execution and 25 years operational period
- Projects under Mukhyamantri Saur Krushi Vahini Yojana 2.0, supplying power to Maharashtra State Electricity Distribution Co. Ltd at tariffs around ₹2.72-2.86/unit
Why it's rated notable: the amount is 31% of annual revenue (20% to 50%)
Original filing
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
Read the filing on BSE (PDF) →Companies guiding to strong growth
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More from Ceigall India
- Capex / expansionMajor developmentCeigall India Q2 FY27 consolidated PAT up 64.1% YoY to INR 922 million
- Fundraise / allotmentMajor developmentCeigall India approves Q2 results, up to Rs. 1000 Crores fundraise, subsidiary sale offer
- Fundraise / allotmentMajor developmentCeigall India Sep-26 quarter profit Rs 921.67 mn; board approves Rs 1000 crore raise
- Fundraise / allotmentNotableCeigall India: Q2 results, Rs. 1000 crore fund raise plan, subsidiary sale offer
- Order winNotableCeigall India Limited receives LoI for Rs. 5300 crore transmission project from RECPDCL
Other order win filings this fortnight
- Cochin Shipyard Limited signs ₹500 crore contract for naval vessel refit
- Dilip Buildcon Ltd declared L-1 bidder for ₹901.43 Cr EPC project by NBCC
- Ashoka Buildcon Limited receives LOA for 120 MWp Solar PV Plant in Bhutan
- BHEL receives ₹600-900 Cr order from Power Grid for synchronous condensers
- HLE Glascoat subsidiary Kinam Engineering secures $42-48M international order
- SpectraA Technology Solutions receives ₹21 crore domestic order for brewery project
Potential multibaggers · Q2 FY27
Potential multibaggers in Construction
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.