Ceigall Green Energy MP Limited, a wholly owned subsidiary of Ceigall India Limited, has successfully executed 15 Power Purchase Agreements with the Madhya Pradesh Power Management Company Limited. The project involves a total capacity of 130 MW under the Surya Mitra Krishi Feeder Yojana. This initiative, valued at approximately ₹572 crore, will provide renewable daytime power to the agricultural sector over a 25-year operational term, reinforcing the company’s move into the green energy space.
Strategic Foray into Renewable Energy
On April 1, 2026, Ceigall Green Energy MP Limited finalized a major milestone by executing 15 power agreements for the development of solar photovoltaic generating stations. By securing the 130 MW project under the Surya Mitra Krishi Feeder Yojana, the company is diversifying its infrastructure portfolio. The project is designed to enhance energy security by providing reliable, daytime power supply to the agricultural sector in Madhya Pradesh.
Project Financials and Timeline
The total estimated cost for the engineering, procurement, and construction (EPC) of these solar assets is approximately ₹572 crore, inclusive of GST. The project timeline is structured into a 12-month initial execution phase, followed by a 25-year operational commitment. Ceigall has locked in a long-term tariff of ₹2.85 per unit, ensuring steady revenue generation throughout the operational life of the solar infrastructure.
Strengthening Market Position
This entry into the renewable energy sector complements Ceigall’s core expertise in large-scale infrastructure projects, such as highways, bridges, and tunnels. According to Ramneek Sehgal, Chairman & Managing Director of Ceigall India Limited, the execution of these agreements marks a significant step in the company’s growth strategy. By balancing its portfolio with Hybrid Annuity Model (HAM), EPC, and now sustainable solar energy projects, the company continues to solidify its role as an integrated infrastructure developer in India.
Source: BSE
