Ceigall Enters Renewable Energy, Secures 337 MW Solar Project

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Ceigall India Limited (544223) is diversifying into renewable energy, securing two Letters of Intent (LOIs) from Maharashtra State Electricity Distribution Co. Limited (MSEDCL) for 337 MW of solar power procurement.

The company will establish grid-connected solar power projects across Maharashtra through tariff-based competitive bidding. The project falls under the Mukhyamantri Saur Krushi Vahini Yojana 2.0.

Ramneek Sehgal, Chairman & Managing Director of Ceigall India Limited, stated the move signifies Ceigall's entry into the renewable energy sector, aligning with India's clean energy objectives.

Ceigall India, primarily an infrastructure EPC company specializing in structural works like elevated roads, flyovers, and bridges, divides its operations into EPC and hybrid annuity model (HAM) projects.

The renewable energy foray underscores Ceigall India's strategic diversification into high-growth sectors, enhancing long-term value creation and reinforcing its commitment to sustainable infrastructure growth aligning with India's energy transition goals.