Ceigall India Limited Acquires 100% Stake in JKJTL, to Invest in JV
Ceigall India Limited will acquire 100% of Jam Khambhaliya Jamnagar Power Transmission Limited (JKJTL) for ₹5 Lakh. The company also approved a 49% equity investment in a new Joint Venture by subscribing ₹49,000 in shares. These decisions were made during the Board Meeting on September 11, 2026.
The acquisition of a 100% stake in a power transmission company and the formation of a joint venture for infrastructure development are significant strategic moves that will likely have a substantial impact on the company's future operations and market position.
The company is undertaking strategic acquisitions and forming joint ventures, which are positive developments for business expansion and growth.
Ceigall India Limited announced a significant development following its Board Meeting held on September 11, 2026. The company has approved the signing of a Share Purchase Agreement to acquire 100% of the shares in "Jam Khambhaliya Jamnagar Power Transmission Limited" (JKJTL), a wholly-owned subsidiary of REC Power Development and Consultancy Limited (REC).
This acquisition is a continuation of Ceigall India Limited's earlier intimation dated September 3, 2026, regarding the receipt of a Letter of Intent from REC for the "Establishment of 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" through a Tariff Based Competitive Bidding Process (TBCB).
Furthermore, the Board also approved an investment by way of subscription to a 49% equity stake in a proposed Joint Venture Company, to be incorporated. The Board Meeting commenced at 3:30 p.m. and concluded at 4:15 p.m. on September 11, 2026.
Details regarding the acquisition of JKJTL reveal that the target company has an authorized and paid-up share capital of ₹5,00,000. The transaction is a cash consideration of ₹5,00,000 to acquire 50,000 equity shares of ₹10 each, representing 100% shareholding. JKJTL, incorporated on May 9, 2026, operates in the Power Transmission & Distribution industry. The transaction is not considered a related party transaction.
For the Joint Venture, the entity is proposed to be named HC Concessions Limited (or as approved by MCA) and will be incorporated in India. HCC Infrastructure Company Limited will be the holding company, and it is not a related party to Ceigall India Limited. The JV will focus on infrastructure development and construction activities, including roads, highways, power projects, and renewable energy projects. Ceigall India Limited will subscribe to 4,900 equity shares of ₹10 each, aggregating to ₹49,000, for a 49% stake in the JV.
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Ceigall India Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Ceigall India Limited. Read the original for the full detail.