Ceigall India Executes 15 Power Purchase Agreements For 130 MW Solar Project Worth ₹572 Crore

New Delhi: Ceigall India is stepping deeper into renewable energy with a sizeable solar project in Madhya Pradesh.

Ceigall Green Energy MP Limited has completed the execution of 15 power purchase agreements with Madhya Pradesh Power Management Company Limited. As detailed on page 1, the agreements cover a total awarded capacity of 130 MW under the Surya Mitra Krishi Feeder Yojana. This marks a significant milestone in the company’s expansion into the renewable energy sector.

The agreements outline a long-term framework for project execution and operations. The company will implement, operate, and maintain solar photovoltaic power plants over a 25-year period, supplying electricity at a fixed tariff of Rs 2.85 per unit. The execution timeline is set at 12 months, as indicated in the table on page 2.

The project carries an estimated engineering, procurement, and construction cost of approximately Rs 572 crore, including GST. This scale of investment reflects Ceigall’s growing commitment to clean energy infrastructure and its ability to undertake large, capital-intensive projects.

The Surya Mitra Krishi Feeder Yojana aims to provide reliable daytime electricity to the agricultural sector through dedicated solar feeders. Management, including Chairman and Managing Director Ramneek Sehgal, indicated that participation in this initiative aligns with the company’s focus on sustainable infrastructure and supports India’s broader clean energy transition goals.

The move adds renewable energy to Ceigall’s existing portfolio of EPC and hybrid annuity model projects. The company is positioning itself as an integrated infrastructure developer with capabilities across highways, bridges, and now solar energy assets, strengthening its long-term growth strategy.

Ceigall highlighted that completing all 15 agreements demonstrates its execution capabilities and readiness to deliver large-scale projects. The structured approach, combined with a diversified portfolio, enhances its ability to capture opportunities in emerging infrastructure segments. The execution of these PPAs marks a strategic step for Ceigall India as it expands into renewable energy, aligning infrastructure expertise with long-term sustainability goals.

Disclaimer: This article is based solely on the company’s stock exchange filing and accompanying press release and does not include external sources or independent verification.