Construction company Ceigall India has received a Rs 550 crore work order from Madhya Pradesh Urja Vikas Nigam. In an exchange filing, the company stated that the order pertains to setting up solar PV-based power-generating stations with an aggregate capacity of 130 MW.
As per the order details, Ceigall India will be responsible for design, engineering, procurement, construction, testing, commissioning, and operation of grid-connected solar power plants across two districts in Madhya Pradesh.
The company added that the scope of work includes 18 months of execution, followed by a 25-year operational period, supported by a long-term Power Purchase Agreement from the scheduled commercial operation date.
“This LOA reinforces Ceigall India Limited’s growing footprint in the renewable energy and solar EPC segment, highlighting its capability to execute large-scale, long-duration infrastructure projects. The win also aligns with Ceigall’s broader strategy of expanding its presence in sustainable infrastructure”, the company said in a statement.
Ceigall India Q2 report card
Ceigall India reported a modest 4.5 per cent YoY consolidated revenue growth in the September quarter. The company posted a revenue of Rs 806 crore in Q2 FY26, compared to the revenue of Rs 772 crore in Q2 FY25.
Despite the revenue growth, the company’s profit shrank to Rs 56 crore in Q2 FY25 from Rs 65 crore in the corresponding quarter of the previous fiscal year. Additionally, Ceigall India’s profit margins also slipped to 7 per cent in the September quarter of FY26 from 8.5 per cent in Q2 FY26.
Ceigall India share price
Ceigall India’s stock opened at Rs 249.86 on Tuesday. The company’s stock was trading 0.9 per cent higher in the intra-day trade at 02:40 PM. In the last one month, the stock has gained about 3.7 per cent; however, in the last one year period, the stock has declined 28.5 per cent.
