Ceigall India Subsidiary Executes 15 Power Purchase Agreements for 130 MW Solar Capacity
Ceigall Green Energy MP Limited, a wholly owned subsidiary of Ceigall India Limited, has completed the execution of 15 Power Purchase Agreements (PPAs) with Madhya Pradesh Power Management Company Limited (MPPMCL) on April 1, 2026. The PPAs are for a total awarded solar capacity of 130 MW under the Surya Mitra Krishi Feeder Yojana.Under the agreements, Ceigall Green Energy MP Limited will implement, operate, maintain, and supply power from solar photovoltaic generating stations for a period of 25 years at a tariff of ₹2.85 per unit. The Surya Mitra Krishi Feeder Yojana is a government initiative designed to provide reliable daytime power to the agricultural sector through dedicated solar feeders.
The project carries an estimated EPC cost of approximately ₹572 crore, including GST, with a 12-month execution period followed by a 25-year operational term.
According to details released by Ceigall India Limited:
| Particulars | Remarks |
|---|---|
| Order awarding entity | Madhya Pradesh Power Management Company Limited (MPPMCL) |
| Key terms and conditions | Power Purchase Agreement entered for Solar photovoltaic power generating stations for awarded capacity of 130MW. Implement, Operate, maintain and supply power for 25 Years under long term PPA at quoted tariff of Rs. 2.85 per unit. Under Surya Mitra Krishi Feeder Yoja |
| Order origin | Domestic |
| Nature of agreement | Power Purchase Agreements (PPAs) executed between Ceigall Green Energy MP Limited and Madhya Pradesh Power Management Company Limited (MPPMCL). |
| Entity origin | Domestic |
| Execution timeline | 12 Months of Work Execution 25 Years of Operational Period |
| Contract value | EPC cost approx. ₹5 72.00 Crore (including GST) |
| Promoter/Group Interest | No |
| Related Party Transaction | No |
Ramneek Sehgal, Chairman & Managing Director of Ceigall India Limited, stated that completing the PPAs marked a significant step in the company's renewable energy sector presence and reflected Ceigall's commitment to sustainable, high-quality solar assets.
Ceigall India Limited is listed on the BSE (544223) and NSE (CEIGALL).
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