Ceigall India Secures 337 MW Solar PPAs in Maharashtra to Expand Renewable Portfolio

What Happened

Ceigall India Limited has executed two long-term Power Purchase Agreements (PPAs) with Maharashtra State Electricity Distribution Company Ltd. (MSEDCL).

The agreements cover the development of 337 MW solar power capacity through its subsidiaries.

PROject breakdown

• 190 MW Project
  • Spread across 4 districts
  • EPC cost: ~₹772 Cr
• 147 MW Project
  • Spread across 7 districts
  • EPC cost: ~₹597 Cr

Combined EPC Value : ~₹1,369 Crores

Execution Timeline : 18 Months

SCOPE OF WORK

• Engineering, Procurement & Construction (EPC)
• Solar power generation infrastructure
• Long-term Operations & Maintenance (O&M)
• 25-year power supply agreement under PPA framework

Ensures long-term revenue visibility + recurring income

Strategic Importance

With these wins:

• Entry into Renewable Platform Scaling
• Diversification beyond core EPC infra
• Alignment with India’s energy transition goals
• Long-duration asset creation (25-year contracts)

Marks shift from pure EPC → developer + operator model