New Delhi, March 25 -- Shares of Ceigall India closed Wednesday's session, March 25, higher by 4% at Rs.275 apiece, as investor sentiment improved after the company executed two long-term Power Purchase Agreements (PPAs).

In a regulatory filing today, the company said it has signed two PPAs through its wholly owned subsidiaries - Ceigall Green Energy MH1 Limited and Ceigall Green Energy MH2 Limited - with Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL).

The agreements involve the development of solar photovoltaic power generating stations with a combined capacity of 337 MW under the Mukhyamantri Saur Krushi Vahini Yojana 2.0 (MSKVY 2.0).

The combined EPC value of the projects stands at approximately Rs.1,369 crore. The com...