Ceigall India Ltd receives LOA for 130 MW Solar Power Projects from MPUVNL under PM KUSUM-C

Ceigall India Limited, one of India's fastest-growing EPC companies, has received a Letter of Award (LOA) from Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL) for setting up Solar PV based power generating stations of an aggregate capacity of 130 MW (AC) under the Surya Mitra Krishi Feeders Scheme - PM KUSUM-C.

The project involves the design, engineering, procurement, construction, testing, commissioning, and operation of grid-connected solar power plants across two districts in Madhya Pradesh. The contract is valued at an approximate EPC cost of ₹550 crore (including GST). The scope of work includes 18 months of execution, followed by a 25-year operational period, supported by a long-term Power Purchase Agreement (PPA) from the Scheduled Commercial Operation Date.

Commenting on the development, Ramneek Sehgal, Chairman & Managing Director, Ceigall India Limited, said, "Receiving this LOA from MPUVNL marks a significant milestone in Ceigall's renewable energy journey. The PM KUSUM-C initiative is a transformative programme aimed at strengthening clean energy adoption while supporting India's agricultural ecosystem. We are proud to contribute to Madhya Pradesh's renewable energy goals and remain committed to delivering the project with high standards of efficiency, reliability, and sustainability."

This LOA reinforces Ceigall India Limited's growing footprint in the renewable energy and solar EPC segment, highlighting its capability to execute large-scale, long-duration infrastructure projects. The win also aligns with Ceigall's broader strategy of expanding its presence in sustainable infrastructure, supporting India's transition towards a cleaner and greener energy future.

Shares of Ceigall India Limited was last trading in BSE at Rs. 246.80 as compared to the previous close of Rs. 243.95. The total number of shares traded during the day was 35957 in over 843 trades.

The stock hit an intraday high of Rs. 255.15 and intraday low of 246.30. The net turnover during the day was Rs. 8990541.00.

Source : Equity Bulls

Keywords

INE0AG901020 CeigallIndia CivilConstruction OrderWin LOA MPUVNL PMKUSUMC