Ceigall India , a prominent player in the renewable energy sector, has made significant strides in expanding its solar power portfolio. The company has recently secured a substantial contract worth ₹712.16 crore from Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL) for the development of solar power projects under the Mukhyamantri Saur Krushi Vahini Yojana 2.0 scheme.

Project Details

The Letter of Award (LOA) received by Ceigall India outlines the following key aspects of the project:

• Total Capacity: 190 MW (AC) of solar photovoltaic power generating stations
• Location: 4 districts across the state of Maharashtra
• Scheme: Mukhyamantri Saur Krushi Vahini Yojana 2.0
• Contract Value: ₹712.16 crore (Including GST)
• Execution Timeline: 18 months for work execution
• Operational Period: 25 years under a long-term Power Purchase Agreement (PPA)

Project Significance

This contract marks a significant milestone for Ceigall India, as it contributes to the company's growing portfolio in the renewable energy sector. The Mukhyamantri Saur Krushi Vahini Yojana 2.0 is a government initiative aimed at boosting solar power generation in Maharashtra, aligning with the state's commitment to clean energy.

Implementation and Timeline

According to the LODR data, Ceigall India is set to commence the project with the following timeline:

1. Work Execution: The company has been given 18 months to complete the construction and installation of the solar power plants.
2. Operational Phase: Following the completion of construction, Ceigall India will operate and maintain the solar plants for a period of 25 years, supplying power under the terms of the PPA.

Company Statement

Megha Kainth, Company Secretary & Compliance Officer of Ceigall India, confirmed the receipt of the Letter of Award from MSEDCL. The company views this project as a significant opportunity to contribute to Maharashtra's renewable energy goals while strengthening its position in the solar power sector.

Market Impact

This large-scale project is expected to have a positive impact on Ceigall India's business outlook. The long-term nature of the contract, spanning 25 years of operation and maintenance, provides the company with a stable revenue stream and reinforces its position in the renewable energy market.

As the renewable energy sector continues to grow, contracts of this magnitude demonstrate the increasing focus on solar power as a key component of India's energy mix. Ceigall India's success in securing this project highlights its competitive edge and expertise in executing large-scale solar installations.

Investors and industry observers will likely keep a close watch on Ceigall India's progress in implementing this significant solar power project, as it could set the stage for future growth and expansion in the renewable energy sector.

Ceigall India Limited, a prominent infrastructure engineering, procurement, and construction (EPC) company, has announced a significant new project in its portfolio. The company has received a Letter of Intent from Himachal Pradesh State Industrial Development Corporation Limited (HPSIDC) for the development of a Bulk Drug Park in Una District, Himachal Pradesh.

Contract Details

The contract, valued at Rs. 225.00 crore, involves several key components:

• Formation cutting
• Construction of internal roads
• Development of storm water drains
• Bridge construction
• Boundary fencing for Phase-I of the project

This project marks an important step in the development of pharmaceutical infrastructure in the region.

Project Specifics

Company Statement

Ceigall India Limited has confirmed that the company's promoters have no interest in the awarding entity, HPSIDC. Additionally, the contract does not involve any related party transactions, ensuring transparency in the project allocation.

Expanding Portfolio

This new contract adds to Ceigall India's growing list of infrastructure projects. Recently, the company's subsidiary, Ceigall Ludhiana Bathinda Greenfield Highway Private Limited, received the appointed date for a Rs. 981.00 crore highway development project from the National Highways Authority of India (NHAI). The project involves the development of a 6-lane access-controlled Ludhiana–Bathinda Greenfield highway section.

Market Position

Ceigall India Limited has been strengthening its position in the infrastructure sector. The company specializes in structural works including elevated roads, flyovers, bridges, railway overbridges, tunnels, highways, expressways, and runways.

With these recent contract wins, Ceigall India continues to demonstrate its capabilities in executing diverse infrastructure projects, contributing to the development of key sectors such as pharmaceuticals and transportation across India.