Ceigall India Secures ₹298 Crore in New Work Orders from Purvah Green Power
Ceigall India Limited received two work orders from Purvah Green Power Private Limited totaling ₹298 crore. The orders are for EPC contracts related to a 220 kV transmission line and balance of plant for a 300.3 MW hybrid power project in Andhra Pradesh. Execution is expected within 10 months.
The value of the new orders is substantial, representing a good addition to the company's order book and indicating future revenue streams. However, the impact is considered medium as it's not a transformative event for the company's overall scale.
The company has secured significant new work orders, which are expected to contribute positively to its revenue and business growth.
Ceigall India Limited has announced the receipt of two significant work orders from Purvah Green Power Private Limited, collectively valued at approximately ₹298 crore. These orders are to be executed in the state of Andhra Pradesh.
The first work order, No. 300000188, is for the supply, transportation, and erection, including civil work on a turnkey basis, for a 220 kV transmission line, encompassing the Right of Way and statutory approvals. This order is valued at ₹119.96 crore (inclusive of GST).
The second work order, No. 300000187, involves construction works for the balance of plant for a 300.3 MW hybrid (wind) power project. This includes the construction, completion, and testing of WTG foundations and access roads/pathways. This order is valued at ₹177.93 crore (inclusive of GST).
Both contracts are of the Engineering Procurement Construction (EPC) mode and are awarded by a domestic entity. The execution period for these orders is stipulated as 10 months from the construction start date. The company has confirmed that there is no promoter or promoter group interest in Purvah Green Power Private Limited, and these contracts do not fall under related party transactions.
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Ceigall India Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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