Mumbai, September 8 (Kiran News). Shares of Ceigall India Limited edged higher on Monday after the company announced that it has received a Letter of Intent (LoI) for procurement of 190 MW solar power projects in Maharashtra.
The stock was trading at ₹277.15, up ₹2.95 (1.08%) from its previous close of ₹274.20 on the BSE. It opened at ₹280.85 and touched an intraday high of ₹281.85 and a low of ₹276.70. So far, 556 shares have been traded on the counter.
Ceigall, a Group ‘B’ stock with a face value of ₹5, has a 52-week high of ₹399.60 (18 September 2024) and a 52-week low of ₹229.00 (7 April 2025). Its market capitalisation currently stands at ₹4,776.70 crore.
Promoters hold a significant 82.06% stake in the company, while institutional investors own 9.14% and non-institutional investors 8.81%.
The LoI was awarded under Lot 1 of Mukhyamantri Saur Krushi Vahini Yojana (MSKVY) 2.0 / Round 1, floated by Maharashtra State Electricity Distribution Company Limited (MSEDCL). Ceigall India will set up grid-connected solar power projects at multiple locations across the state through tariff-based competitive bidding.
Ceigall India is primarily an infrastructure construction company, known for executing specialised structural projects such as elevated roads, flyovers, bridges, railway overbridges, 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.
