Mumbai, September 22 (Udaipur Kiran News): Shares of Ceigall India Ltd were trading higher on the BSE after the company emerged as the lowest (L-1) bidder for a 220 MW capacity project in Madhya Pradesh. The stock was quoted at ₹279.35, up ₹3.00 or 1.09% from its previous close of ₹276.35.
The scrip opened at ₹282.05 and touched an intraday high of ₹284.15 and a low of ₹279.20. A total of 32,389 shares were traded during the session. On a weekly basis, the stock has traded between ₹285.35 and ₹272.85. Ceigall India’s market capitalisation currently stands at ₹4,875.99 crore.
The company has been declared the L-1 bidder in the Rewa Ultra Mega Solar auction for setting up a grid-connected ground-mounted solar photovoltaic (PV) project with Battery Energy Storage Systems (BESS) at Morena Solar Park, Madhya Pradesh. Ceigall India secured a 220 MW share of the total 440 MW capacity tender through tariff-based competitive bidding.
The company quoted a tariff of ₹2.70/kWh in the online reverse auction conducted on September 19, 2025. The expected project value is approximately ₹1,700 crore, with a construction timeline of 24 months and an operational period of 25 years.
Ceigall India, an infrastructure construction company, has expertise in specialised structural works, including elevated roads, flyovers, bridges, railway overbridges (ROBs), tunnels, highways, expressways, and runways.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.