Madhya Pradesh Urja Vikas Nigam Limited awarded 4.01 GW of solar power capacity to 82 companies in a major auction under Component C of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan scheme. The auction originally offered 4.3 GW of capacity, with nearly the entire amount allocated to winning bidders.
The projects fall under the feeder solarization segment, known as the Surya Mitra Krishi Solarization program. They aim to supply clean power to agricultural feeders across Madhya Pradesh.
Dilip Buildcon Emerges as Largest Winner
Dilip Buildcon Limited secured the largest share, winning a cumulative capacity of 1,363.54 MW. The company quoted tariffs ranging from Rs 2.74 per kWh to Rs 2.79 per kWh for different project packages.
The company received a Letter of Award from MPUVNL for 1,363.55 MW AC capacity under the Non-DCR category. Dilip Buildcon stated the award provides an EPC business opportunity valued at approximately Rs 4,900 crore, excluding GST. The company plans to execute the projects through multiple special-purpose vehicles over the next 18 months.
The projects involve setting up grid-connected solar photovoltaic power plants. Electricity generated will be sold to Madhya Pradesh Power Management Company Limited for 25 years.
Other Major Winners Announced
Sunbridge Solar Power secured the second-largest allocation with 471.29 MW total capacity. The company quoted tariffs between Rs 2.75 per kWh and Rs 2.85 per kWh.
Landsmill Industries won 422.02 MW at tariffs ranging from Rs 2.70 per kWh to Rs 2.75 per kWh. Purshotam Profiles secured 173.15 MW with tariffs between Rs 2.69 per kWh and Rs 2.84 per kWh.
Ceigall India Limited won 130 MW at a tariff of Rs 2.85 per kWh. The company received a Letter of Award from MPUVNL for its capacity under PM KUSUM-C. The EPC contract is valued at around Rs 550 crore, including GST.
Lowest Tariff Achieves Record Low
Neutron Sunray, also known as Neutron Solar, quoted the lowest tariff in the auction at Rs 2.4 per kWh. The company secured a 5 MW solar project at this rate.
The remaining 77 companies collectively secured 1,459.25 MW. Their tariffs ranged from Rs 2.68 per kWh to Rs 2.78 per kWh.
The tender guidelines outline comprehensive scope requirements. Winners must handle the design, engineering, construction, and commissioning of facilities. This includes construction of bays and associated switchgear at substations.
Companies must provide 25 years of operations and maintenance services. Projects must be completed within 12 months from the award date.
Winners bear responsibility for land acquisition and development of associated infrastructure to connect to substations. Projects must maintain an annual capacity utilization factor of 15 percent.
Ceigall India stated its projects will be implemented across two districts in Madhya Pradesh. The company faces an 18-month execution period, followed by a 25-year operational phase backed by a long-term power purchase agreement.
Tender Evolution and State Policy
The tender was initially floated in February 2025 for 1.5 GW of solar projects. MPUVNL later increased the capacity to 4.3 GW due to strong market interest.
In June 2025, Madhya Pradesh Urja Vikas Nigam invited bids to develop 1,200 MW of additional grid-connected solar projects under the feeder solarization component of the Surya Mitra Krishi Feeders program.
The February 2025 Madhya Pradesh Renewable Energy Policy sets ambitious targets. The state government aims to achieve 50 percent of annual power consumption from renewable energy sources by 2030.
The auction demonstrates strong participation from domestic developers and EPC companies. The results reflect continued interest in feeder-level solarization projects across India.
The awarded capacities are expected to support reliable daytime power supply for agriculture. The projects aim to reduce dependence on conventional energy sources and lower emissions throughout Madhya Pradesh.
Power generated from these projects will be sold directly to MP Power Management Company, ensuring stable revenue streams for developers over the 25-year contract period.
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