Ceigall wins 147 MW solar LoA worth ₹597 crore in Maharashtra

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CEIGALL · price

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

+2.1%Reaction day

₹260.80

prior close

₹270.95

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.3%+2.4% vs market

Civil Construction peers, median of 94sector-0.8%+3.0% vs sector

On the reaction day the stock moved 2.4 pts more than Nifty Microcap 250 and 3.0 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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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10m

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15m

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Sessions after the filingfrom the prior close

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Reaction day

+2.1-0.3+2.4-0.8+3.0

Next day

+1.5-0.5+2.0-1.2+2.7

+0.5-0.8+1.3-1.0+1.4

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+0.5+0.1+0.4-0.1+0.6

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15d

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UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 94Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Ceigall India received an LoA from Maharashtra State Electricity Distribution Co Ltd to build grid-connected solar plants for 147 MW AC across two districts. The estimated EPC cost is ₹597 crore, including GST. Execution is planned within 18 months, followed by a 25-year power purchase agreement from the commercial operation date.

Likely market impact

Adds a sizeable domestic contract and long-term operating revenue, supporting business visibility, subject to execution and commissioning.