Ceigall India Shares: Infrastructure sector sector company Seal India LTD said that it has received a major order to develop a 190 MW (AC) capacity solar photovollactic power project from the State Electricity Distribution Company Limited (MSEDCL). These projects will be set up under the Chief Minister Solar Krishi Vahini Yojana (MSKVY) 2.0. The EPC cost of this project received by the company has been estimated at ₹ 712.16 crore (including GST). Due to this news, on Monday 6 October, Sagal India shares can remain in focus.
The company said in an information sent to the stock markets that the project would have spread in four districts of Maharashtra. The company will set up these solar power plants, operate them and also take responsibility for maintenance. The company will also supply electricity under the 25 -year power purchase agreement (PPA) made with MSEDCL.
According to exchange filing, it is mandatory to complete these projects within 18 months. After this, power supply will continue for 25 years. The company also assured that this order was received from the domestic unit and is not related to any related party transactions.
This step is being considered important for Sagal India towards diversification in the renewable energy sector. At the same time, this scheme of Maharashtra government focuses on providing green energy and cheap electricity to farmers.
Stock conditions
Sagal India Limited shares closed at Rs 260.80, closed by 1.25% on NSE on Friday 3 October NSE. In the year 2025, this stock has so far weakened. Since January, the company’s shares have fallen by about 24.7 percent.
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