Ceigall India bags ₹6086.70 million annual order from REC PDCL for transmission system
Ceigall India Limited (CIL) emerged as the L1 bidder for a common transmission system project awarded by REC Power Development and Consultancy Limited. The contract, valued at ₹6086.70 million (608.67 crore) annually for 35 years, involves establishing an inter-state transmission system. Execution is planned within 36 months.
The order is significant in value and has a long operational period of 35 years, indicating a substantial long-term revenue stream and impact on the company's business.
The company has secured a new order, which is positive for its business growth and revenue prospects.
Ceigall India Limited (CIL) has been declared the L1 bidder for the "Common Transmission System for evacuation of power from Lakadia (Phase -II: 7.5GW), Jam Khambhaliya (Phase -II: 5.5GW) and Jamnagar (Phase -I: 1GW) - Part-B" project. This significant contract was awarded through E-Reverse Auction by REC Power Development and Consultancy Limited (REC PDCL), a domestic entity.
The agreement is a Tariff Based Contract for a Common Transmission System, comprising a 765/400 kV AIS Substation with a 300 km Transmission Line. The order is to be executed within 36 months of work, with an operational period of 35 years, and the scheduled commissioning date is yet to be determined.
The broad consideration for this contract is ₹6086.70 million (608.67 crore) annually for 35 years, representing the annual transmission charges. Neither the promoter nor group companies have any interest in REC PDCL, and the contract does not fall under related party transactions.
A plain-language summary of a public exchange filing by Ceigall India Limited. Read the original for the full detail.