Ceigall India gains after emerging lowest bidder for $192.84 million project

Ceigall India

22/09/2025 06:56

** Shares of Ceigall India CEIG.NS rise 2.9% to 283.9 rupees

** The construction firm declared as lowest bidder for project worth 17 billion rupees ($192.84 million) by Rewa Ultra Mega Solar for establishing a 220 MW solar project at Madhya Pradesh

** Construction to be completed in 24 months

** CEIG stock trades above key 50-, 100-, 200-day moving avgs, signalling a bullish sentiment

** Stock down 17%, YTD

   ($1 = 88.1537 Indian rupees)

 (Reporting by Aleef Jahan)

 ((aleefjahan.cs@thomsonreuters.com))