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Ceigall India: Stock jumps 5% after receiving ₹712 Cr order from MSEDCL

Ceigall India Limited has been awarded a 190 MW solar power project under MSKVY 2.0 in Maharashtra, with a 25-year PPA and Rs. 712.16 crore project cost.

Introduction

Leading renewable energy developer has received a Letter of Award to set up 190 MW solar power plants across four districts in Maharashtra, under a 25-year PPA with a total project cost of Rs. 712.16 crore.

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Share price movement of Ceigall India

On October 6, 2025, Ceigall India Ltd opened at ₹269.60, up 3.44% from its previous close of ₹260.65. The stock reached a high of ₹273.70 (4.95%) and a low of ₹265.00. By 10:42 AM, it traded at ₹267.25, a 2.53% increase, with a market cap of ₹4,655.62 crore.

Ceigall India Secures 190 MW Solar Project

Ceigall India Limited has received a Letter of Award from Maharashtra State Electricity Distribution Co. Ltd. for developing solar photovoltaic power stations with an aggregate capacity of 190 MW under MSKVY 2.0.

The project includes setting up grid-connected solar plants across four districts in Maharashtra. Ceigall India will construct, operate, and maintain the plants under a 25-year Power Purchase Agreement.

The total project cost is Rs. 712.16 crore, including GST. The construction is expected to be completed within 18 months, with Ceigall India handling all operations during the 25-year operational period.

Recent news on Ceigall India

As of September 15, 2025, Ceigall India Limited emerged as the lowest (L1) bidder for a major infrastructure contract worth over ₹509 crore from the Greater Mohali Area Development Authority.

Stock performance of Ceigall India for Period of 1 week, 6 months, and 1 year

Ceigall India Ltd delivered a -1.00% return over the past week, gained 2.26% in the past six months, and declined by 32.8% over the past year.

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Also Read: Paras Defence: Stock jumps after receiving ₹46 Cr order from Ministry of Defence

Shareholding pattern of Ceigall India

ParticularsJun 2025Mar 2025Dec 2024
Promoter82.10%82.10%82.10%
FII1.80%1.50%1.60%
DII7.30%8.20%7.70%
Public9%8.30%9%

About Ceigall India

Ceigall India Ltd (NSE: CEIGALL), founded in 2002, is a leading EPC company specializing in highways, flyovers, tunnels, elevated roads, and metro rail projects, operating an asset-light model with leased equipment.

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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 Ltd share price going up today?

A: Ceigall India Ltd share price is rising after being awarded a 190 MW solar power project under MSKVY 2.0 in Maharashtra.

Q: What does Ceigall India Ltd specialize in?

A: Ceigall India Ltd specializes in infrastructure and EPC projects, including highways, flyovers, tunnels, elevated roads, and metro rail construction.

Q: What is the 52-week high and low of Ceigall India Ltd stock?

A: The 52-week high of Ceigall India Ltd stock is ₹397.95, and the 52-week low is ₹229.00.

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