Ceigall India Limited has informed the Exchange about Bagging/Receiving of orders/contracts Letter of Award (LOA)- Solar Power Developer (SPD) for solar photovoltaic power generating stations of an aggregate capacity of 147 MW(AC) from Maharashtra State Electricity Distribution Co. Ltd.
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Ceigall India Limited has received a Letter of Award (LOA) as a Solar Power Developer (SPD) for setting up solar photovoltaic power generating stations with a total capacity of 147 MW (AC). The order has been awarded by Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL), a state-owned power distribution company. This marks Ceigall India's entry/expansion into the solar power generation business. The project involves developing utility-scale solar capacity for a government distribution utility in Maharashtra. Specific financial value of the contract and timelines for execution were not disclosed in this filing.
This is a positive development for Ceigall India as it strengthens its order book and diversifies beyond its core infrastructure/EPC business into the renewable energy segment. Solar power developer orders from a state DISCOM typically come with long-term revenue visibility through power purchase agreements, which can support future earnings growth.