A big move in the stock market has caught the attention of investors. Ceigall India is an infrastructure company that builds highways, expressways, bridges, tunnels, and airport runways. It has now stepped into the renewable energy sector.
The company has received two Letters of Intent (LoIs) from Maharashtra State Electricity Distribution Company Limited (MSEDCL) to set up solar power projects with a total capacity of 337 MW.
These projects will be set up under the Chief Minister Solar Agriculture Vehicle Scheme 2.0 through a tariff-based competitive bidding process.
On Monday, Ceigall India’s stock closed at ₹278, delivering nearly 13% returns in the last three months. Market experts believe the stock may see further momentum on Tuesday, as the company’s entry into green energy strengthens its long-term growth outlook.
Chairman and MD Ramnik Sehgal said this step aligns with India’s clean energy transition goals and will support future sustainable growth.
With renewable energy counted among the fastest-growing sectors, Ceigall’s new move could boost its business valuation and open fresh opportunities. No wonder all eyes are now on Ceigall India’s stock.
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