Ceigall India Limited has entered into two long-term Power Purchase Agreements (PPAs) through its wholly owned subsidiaries with Maharashtra State Electricity Distribution Co. Ltd. for the development of solar power projects totaling 337 MW under the Mukhyamantri Saur Krushi Vahini Yojana 2.0 (MSKVY 2.0).
The agreements, executed on March 24, 2026, involve Ceigall Green Energy MH1 Limited and Ceigall Green Energy MH2 Limited. The projects will be developed across multiple districts in Maharashtra with a combined engineering, procurement, and construction (EPC) value of approximately ₹1,369 crore, including GST.
The first project, with a capacity of 190 MW, will be spread across four districts and carries an EPC cost of around ₹772 crore. The second project, with a capacity of 147 MW, will be developed across two districts with an estimated EPC cost of ₹597 crore. Both projects are expected to be completed within an execution timeline of 18 months.
The scope of work includes EPC of solar photovoltaic power plants, followed by long-term operations and maintenance. The projects will supply power for a period of 25 years under the PPA framework, ensuring stable, annuity-style revenue streams.
Commenting on the development, Ramneek Sehgal stated that the agreements mark a significant step in the company’s renewable energy journey, aligning with its ambition to evolve into a credible developer-operator in India’s energy transition landscape.
The development represents a strategic expansion for Ceigall India into the renewable energy sector, complementing its established EPC capabilities in transportation infrastructure. The projects are expected to enhance the company’s order book visibility while strengthening its long-term presence in solar power generation.
Ceigall India Limited is primarily engaged in infrastructure EPC, with expertise spanning highways, expressways, bridges, flyovers, railway overbridges, tunnels, and runways. The company executes projects under both EPC and Hybrid Annuity Model (HAM) frameworks and has built a strong track record of timely project delivery across India.
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