Ceigall India: Stock jumps 4.7% after receiving approval for solar power projects
News by Aliceblue News Desk
08 Sept 2025
Introduction
Leading renewable energy developer has received a 147 MW Letter of Intent under Mukhyamantri Saur Krushi Vahini Yojana 2.0 from MSEDCL, aiming to set up multiple grid-connected solar power projects in Maharashtra.
Also Read: ACME Solar Holdings: Stock jumps 5% after placing order for battery energy storage system
Share price movement of Ceigall India
On September 8, 2025, Ceigall India Limited opened at ₹280.85, up 2.05% from its previous close of ₹274.20. The stock reached a high of ₹287.00 ( a 4.66% rise) and a low of ₹276.70. By 11:34 AM, it traded at ₹278.60, a 1.60% increase, with a market cap of ₹4,853.35 crore.
Ceigall India Wins 147 MW Maharashtra Solar Order
Ceigall India Limited has received a Letter of Intent for 147 MW solar power procurement under Mukhyamantri Saur Krushi Vahini Yojana 2.0. The project is awarded by Maharashtra State Electricity Distribution Co. Limited.
The LoI follows a tariff-based competitive bid by MSEDCL. CEIGALL India will set up grid-connected solar power projects at multiple locations across Maharashtra. Further details will be shared after the Letter of Award.
Recent news on Ceigall India
As of July 04, 2025, Ceigall India Limited received a ₹19.36 crore arbitration award from Himachal Pradesh PWD. The award relates to NH-88 road project. It includes 9% annual interest from October 4, 2025.
Stock performance of Ceigall India for Period of 1 week, 6 months, and 1 year
Ceigall India Limited delivered a 10.8% return over the past week, gained 11.7% in the past six months, and declined 28.1% over the past year.
Also Read: Concord Control Systems: Stock jumps after announcing 3:5 bonus shares
Shareholding pattern of Ceigall India
| Particulars | Jun 2025 | Mar 2025 | Dec 2024 |
| Promoter | 82.10% | 82.10% | 82.10% |
| FII | 2% | 2% | 1.60% |
| DII | 7.30% | 8.20% | 7.70% |
| Public | 9% | 8% | 8.70% |
About Ceigall India
Ceigall India Limited (NSE: CEIGALL), founded in 2002, is an infrastructure construction company specializing in elevated roads, flyovers, bridges, tunnels, highways, expressways, railway overpasses, and runways across India.
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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
FAQs
Q: Why is Ceigall India Limited share price going up today?
A: Ceigall India Limited share price is rising after receiving a 147 MW solar power Letter of Intent under Mukhyamantri Saur Krushi Vahini Yojana 2.0.
Q: What does Ceigall India Limited specialize in?
A: Ceigall India Limited specializes in infrastructure construction, including elevated roads, flyovers, bridges, tunnels, highways, expressways, railway overpasses, and runways.
Q: How much stake do promoters hold in Ceigall India Limited stock?
A: Promoters hold 82.10% stake in Ceigall India Limited stock.
News Author
Aliceblue News Desk
