22 Sep 2025

Ceigall India Shares Gain After Emerging Lowest Bidder for 220 MW Solar Project

Ceigall India is currently trading at RS. 279.35, up by 3.00 points or 1.09% from its previous closing of RS. 276.35 on the BSE.

The stock opened at RS. 282.05 and touched a high of RS. 284.15 and a low of RS. 279.20. So far, 32,389 shares have been traded on the counter.

This BSE group 'B' stock with a face value of RS. 5 has recorded a 52-week high of RS. 397.95 on October 4, 2024, and a 52-week low of RS. 229.00 on April 7, 2025. Over the past week, the scrip’s high and low stood at RS. 285.35 and RS. 272.85 respectively. The company’s current market capitalization is RS. 4875.99 crore.

Promoter holding stands at 82.06%, while institutions hold 9.14% and non-institutions hold 8.81%.

Ceigall India has emerged as the lowest (L-1) bidder for a 220 MW capacity out of the total 440 MW project invited by Rewa Ultra Mega Solar. The project involves setting up a grid-connected ground-mounted solar photovoltaic (PV) plant with Battery Energy Storage Systems (BESS) at Morena Solar Park, Madhya Pradesh, through a tariff-based competitive bidding process.

The company quoted a tariff of RS. 2.70 per kWh in the electronic reverse auction held on September 19, 2025. The expected project value is around RS. 1,700 crore and is scheduled for completion within 24 months, with an operational period of 25 years.

Ceigall India is an infrastructure construction company specializing in elevated roads, flyovers, bridges, railway overbridges, tunnels, highways, expressways, and runways.