Ceigall India wins ₹550 crore solar power contract
after close1 source ↓written by the desknot a recommendation
- gained
- 2%
- after securing
- 22 Dec 2023
- contract from Madhya
- ₹550 crore
- of solar power
- 130 MW
- be developed
- 18 months
Shares of Ceigall India Ltd. gained over 2% on 22 Dec 2023 after securing a ₹550 crore contract from Madhya Pradesh Urja Vikas Nigam Ltd. for 130 MW of solar power plants. The projects will be developed within 18 months under a 25-year power purchase agreement. This win may enhance investor sentiment in the stock.
Not investment advice. For informational purposes only.