Ceigall wins 190 MW solar order worth Rs 712.16 crore in Maharashtra

Govt 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

+2.1%Reaction day

₹260.80

prior close

₹270.95

announcement price

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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.

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Next day

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

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AI summary

Ceigall India received an order dated October 2, 2025 from Maharashtra State Electricity Distribution Company Ltd. to develop 190 MW of grid-connected solar capacity across four districts. The estimated project construction cost is Rs 712.16 crore, including GST. Work is planned within 18 months, followed by a 25-year power purchase agreement.

Likely market impact

The order improves long-term revenue visibility, but project funding, construction and power-price risks could weigh on cash flow.