Subsidiary29 Oct 2025, 05:01 pm
Ceigall India Ltd Incorporates Two Wholly Owned Subsidiaries as Special Purpose Vehicles for Renewable Energy Projects
AI Summary
Ceigall India Ltd has incorporated two wholly owned subsidiaries, Ceigall Green Energy MH1 Limited and Ceigall Green Energy MH2 Limited, under the Companies Act, 2013. These Special Purpose Vehicles (SPVs) have been set up to undertake renewable energy projects awarded by the Maharashtra State Electricity Distribution Co. Ltd. The SPVs will function as Solar Power Developers (SPDs) for solar photovoltaic power generating stations with a combined capacity of 337 MW(AC) under the Mukhyamantri Saur Krushi Vahini Yojana 2.0.
Key Highlights
- Ceigall India Ltd has incorporated two wholly owned subsidiaries, Ceigall Green Energy MH1 Limited and Ceigall Green Energy MH2 Limited.
- These subsidiaries are Special Purpose Vehicles (SPVs) set up under the Companies Act, 2013.
- The SPVs will undertake renewable energy projects awarded by the Maharashtra State Electricity Distribution Co. Ltd.
- The SPVs will function as Solar Power Developers (SPDs) for solar photovoltaic power generating stations with a combined capacity of 337 MW(AC).
- The incorporation is part of the Mukhyamantri Saur Krushi Vahini Yojana 2.0.