Ceigall India Limited has officially completed the execution of 15 power purchase agreements through its wholly owned subsidiary, Ceigall Green Energy MP Limited. The company filed a regulatory disclosure on April 2, 2026, confirming the completion of these agreements with Madhya Pradesh Power Management Company Limited (MPPMCL) on April 1, 2026, under the Surya Mitra Krishi Feeder Yojana initiative.

Regulatory Compliance and Project Details

The execution was formally disclosed to stock exchanges in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015. This comprehensive solar power development program encompasses substantial capacity and commercial commitments:

Strategic Initiative Framework

The Surya Mitra Krishi Feeder Yojana represents a key government initiative designed to provide reliable daytime power to the agricultural sector through dedicated solar feeders. This program advances India's clean energy objectives while addressing specific agricultural power requirements. The 25-year operational commitment provides long-term revenue visibility and establishes sustainable energy infrastructure for rural development.

Management Perspective

Ramneek Sehgal, Chairman & Managing Director of Ceigall India Limited, emphasized the strategic significance of this achievement: "Completing the execution of all 15 PPAs marks a significant step in strengthening Ceigall's presence in India's renewable energy sector. The Surya Mitra Krishi Feeder Yojana is a major initiative supporting clean and reliable energy, and we are pleased to contribute to its implementation. This achievement reflects our commitment to developing sustainable, high-quality solar assets that support India's long-term energy transition."

Business Portfolio Expansion

This solar power venture represents Ceigall's strategic diversification beyond its core infrastructure expertise in highways, expressways, bridges, and railway projects. The company now operates across EPC, Hybrid Annuity Model (HAM), and renewable energy segments, positioning itself as an integrated infrastructure developer. The 130 MW solar capacity addition strengthens the company's renewable energy portfolio while maintaining its established track record in large-scale project execution.

Ceigall India Limited has announced that its wholly owned subsidiary, Ceigall Infra Projects Private Limited (CIPPL), has secured a significant highway construction contract from the National Highways Authority of India (NHAI). The Letter of Award was disclosed through a regulatory filing under Regulation 30 of SEBI (LODR) Regulations, 2015, marking another milestone in the company's infrastructure development portfolio.

Project Overview

The awarded project involves the construction of a 6-lane access-controlled spur connectivity in Punjab state. The highway stretch spans 10.30 km, starting from Ch. 15+100 of the Ambala-Chandigarh section of NH-205A and terminating at Ch. 2+500 of the Zirakpur Bypass under NH(O).

Regulatory Compliance and Disclosure

The company filed the mandatory disclosure confirming that this is a domestic contract with no related party transactions involved, and promoter groups have no interest in the awarding entity. The filing ensures full compliance with regulatory requirements for material contract disclosures.

Contract Structure and Timeline

The project will be executed under the Hybrid Annuity Mode, a preferred model for highway development in India. The contract structure includes an 18-month construction phase followed by a 15-year operation and maintenance period, ensuring long-term revenue visibility for the company.

Management Commentary

Ramneek Sehgal, Chairman & Managing Director of Ceigall India Limited, commented on the award: "Securing this project reaffirms our position as a trusted partner in India's highway development and reflects NHAI's continued trust in Ceigall's technical capabilities and execution strength. We remain focused on scaling our infrastructure portfolio while consistently delivering high-quality, time-bound projects that improve connectivity and contribute to the nation's growth agenda."

Company Profile

Ceigall India Limited operates as an infrastructure engineering, procurement, and construction (EPC) company specializing in highways, expressways, bridges, flyovers, railway overbridges, tunnels, and runways. The company executes projects under both EPC and Hybrid Annuity Model formats across multiple states in India, maintaining a strong track record of timely project execution and contributing to India's infrastructure development objectives.