Ceigall India bags Rs 1,700 Cr solar project LOA from RUMSL for Morena

Govt Defence OrderBusiness Updates View source PDF Explain this filing

CEIGALL · price

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

+2.2%Reaction day

₹290.00

prior close

₹298.00

announcement price

After-mkt

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Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+1.0%+1.2% vs market

Civil Construction peers, median of 97sector+0.4%+1.8% vs sector

On the reaction day the stock moved 1.2 pts more than Nifty Microcap 250 and 1.8 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.

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Reaction day

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Next day

+2.0+0.5+1.5+0.1+1.9

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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 has received a Letter of Award from Rewa Ultra Mega Solar Ltd to develop Unit 1 with 220 MW capacity at Morena Solar Park in Madhya Pradesh. The tariff-based project includes solar and battery energy storage components. Approximate project value is about Rs 1,700 Crores (including GST) at a tariff of Rs 2.70 per kWh. Construction period is 24 months followed by 25 years of operations.

Likely market impact

Large order win worth about Rs 1,700 Cr strengthens order book and future revenue visibility, subject to execution over 24 months.