Ceigall India Soars: Bags ₹550 Cr Solar Power Contract in Madhya Pradesh

• Ceigall India Ltd. shares rose over 2% after securing a ₹550 crore solar power contract.
• The company won the bid from Madhya Pradesh Urja Vikas Nigam Ltd. (MPUVNL) for 130 MW (AC) grid-connected solar plants.
• Projects under the Surya Mitra Krishi Feeders Scheme–PM KUSUM-C will be developed in Madhya Pradesh within 18 months with a 25-year PPA.
• This follows a recent ₹1,809 crore road project win by its subsidiary, Ceigall Infra Projects Pvt. Ltd., also in Madhya Pradesh.
• Ceigall reported Q2 revenue of ₹806.57 crore, up 4.45% year-on-year.

Why It Matters: Ceigall India secures a major solar contract, boosting shares and reinforcing its presence in Madhya Pradesh.