Ceigall India Limited has informed the Exchange regarding a press release dated December 23, 2025, titled " Ceigall India Limited Receives LOA for 130 MW Solor Power Projects from MPUVNL under PM KUSUM-C. ".
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Awaiting price reaction for this filing.
Ceigall India Limited has received a Letter of Award (LOA) for 130 MW Solar Power Projects from Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL). The projects will be executed under the central government's PM KUSUM-C scheme, which focuses on solarizing agricultural feeders and grid-connected pump sets. This adds a sizeable renewable energy order to Ceigall India's existing infrastructure and solar EPC portfolio. The award strengthens the company's presence in the solar EPC space and is backed by a government-backed off-taker (MPUVNL), reducing payment risk.
Positive for the company — adds meaningful order inflow visibility in the renewable energy segment and could support revenue growth in the coming quarters. May be viewed favorably by the market, though the stock reaction will depend on the project value and execution timelines.