Ceigall India bags 130 MW solar EPC orders worth about Rs 550 Crore from MPUVNL

Government or defence orderBusiness Updates View source PDF Explain this filing

CEIGALL · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+0.8%Reaction day

₹246.90

prior close

₹250.00

announcement price

In-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+0.1%+0.7% vs market

Civil Construction peers, median of 97sector+0.2%+0.6% vs sector

On the reaction day the stock moved 0.7 pts more than Nifty Microcap 250 and 0.6 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.2

10m

+0.2

15m

-0.6

30m

-0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.8+0.1+0.7+0.2+0.6

Next day

+1.3-0.5+1.7-0.0+1.3

+5.7-1.0+6.7-0.5+6.2

+8.7-1.8+10.5-1.7+10.4

+8.5-1.8+10.4-1.7+10.3

+8.9-0.4+9.4-1.3+10.2

+10.9+0.7+10.2+0.1+10.8

15d

+12.6-3.9+16.5-6.3+18.9

+11.4-9.4+20.7-12.2+23.5

+15.4-4.1+19.6-11.1+26.5

+7.3-16.1+23.4-23.9+31.3

UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 97Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Ceigall India received multiple Letters of Award from Madhya Pradesh Urja Vikas Nigam Ltd (MPUVNL), a state government undertaking, for setting up solar PV power plants with 130 MW aggregate capacity under the PM KUSUM-C scheme in two districts of Madhya Pradesh. The EPC cost is around Rs 550 Crore including GST. The project involves 18 months of execution followed by a 25 year tariff based Power Purchase Agreement. The order has been awarded by a domestic entity with no related party interest.

Likely market impact

Significant government order strengthens order book and revenue visibility. 25 year PPA adds long term recurring income potential. Positive for the stock.