Ceigall India Limited has informed the Exchange We are pleased to inform you that Company has emerged as L1 Bidder in the financial bid by Madhya Pradesh Urja Vikas Nigam Ltd. (MPUVNL) for Solar PV based Power Plants (SPP) for solar photovoltaic power generating stations of an aggregate capacity of 130 MW (AC) under the Surya Mitra Krishi Feeders Scheme PM KUSUM-C, for setting up grid-connected solar power projects at 2 districts in the state of Madhya Pradesh.
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Awaiting price reaction for this filing.
Ceigall India has been declared the L1 (lowest) bidder for setting up grid-connected solar PV power plants with an aggregate capacity of 130 MW (AC) in two districts of Madhya Pradesh. The project was awarded by Madhya Pradesh Urja Vikas Nigam Ltd (MPUVNL), a state government entity, under the Surya Mitra Krishi Feeders Scheme (PM KUSUM-C). The bid was for the financial bid stage, meaning Ceigall quoted the lowest price among competitors. The filing does not disclose the order value or financial terms. This is Ceigall's entry into solar EPC work under a central government-backed scheme, diversifying beyond its core infrastructure business.
Winning a government solar tender as the lowest bidder is a positive order win that strengthens Ceigall's order book and entry into the solar EPC segment, though the final contract value is awaited. The stock may see a modest positive reaction, but traders should watch for the formal award letter and contract value for clarity on financial impact.