Ceigall India Secures ₹5,300 Crore Transmission Project LOI in Gujarat
Ceigall India Limited received a Letter of Intent (LoI) from RECPDCL for a transmission project in Gujarat valued at ₹5,300 crore. The project includes a 765/400 kV substation and 300 km of transmission lines, with a 36-month execution period and a 35-year operational phase. Annual charges are ₹608.67 crore.
The value of the new order (₹5,300 crore) is substantial relative to the company's business, indicating a significant positive impact on its order book, revenue, and market position.
The company has secured a significant new order valued at ₹5,300 crore, which is a positive development for its business prospects and revenue generation.
Ceigall India Limited has announced receiving a Letter of Intent (LoI) from REC Power Development and Consultancy Limited (RECPDCL) for a significant common transmission system project in Gujarat. The project involves the development of a 765/400 kV Air Insulated Substation (AIS) and approximately 300 km of transmission lines.
The total value of the LoI is approximately ₹5,300 crore, inclusive of GST. Over a 35-year operational period, the company is expected to receive annual transmission charges of ₹608.67 crore each year. The project has an execution period of 36 months, followed by the 35-year operational phase.
This project is crucial for facilitating power evacuation from key renewable energy zones in Gujarat, including Lakadia, Jam Khambhaliya, and Jamnagar. Mr. Ramneek Sehgal, Managing Director of Ceigall India Limited, stated that this milestone strengthens the company's presence in the transmission infrastructure segment and contributes to Gujarat's critical power transmission infrastructure, supporting efficient power evacuation.
A plain-language summary of a public exchange filing by Ceigall India Limited. Read the original for the full detail.