Ceigall India declared L1 bidder for 130 MW solar project worth about Rs 550 crore

Order Above 5pct RevenueGovt 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

+1.4%Reaction day

₹243.50

prior close

₹248.45

announcement price

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Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+1.4%+0.0% vs market

Civil Construction peers, median of 98sector+1.2%+0.2% vs sector

On the reaction day the stock moved in line with Nifty Microcap 250 and 0.2 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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UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 98Pending

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AI summary

Ceigall India has emerged as the L1 bidder for a 130 MW solar PV power project awarded by Madhya Pradesh Urja Vikas Nigam under the PM KUSUM-C scheme. The EPC order is valued at approximately Rs 550 crore including GST, with 18 months for execution and a 25-year operational period. The Letter of Award is yet to be issued. The project covers 2 districts in Madhya Pradesh.

Likely market impact

Sizeable government order boosts long-term revenue visibility. Positive signal, though formal award letter is still pending.