Ceigall Secures LOI from REC Power for Velgaon Substation
Ceigall India Ltd secures LOI from REC Power Development for Velgaon substation, marking a significant expansion in its power infrastructure portfolio.
Securing the LOI for the Velgaon substation project is a notable achievement that strengthens the company's position in the power transmission sector.
The announcement highlights a significant new project win for Ceigall, indicating positive business development and expansion.
* Ceigall India Ltd received a Letter of Intent (LOI) from REC Power Development and Consultancy Limited (RECPDCL) for establishing a 400/220 kV Gas Insulated Substation (GIS) in Velgaon, Maharashtra. * The Velgaon GIS project will be completed over two years, followed by a 35-year operation and maintenance term. * The company informed that ₹58.5 crore is the annuity per year for 35 years, against EPC cost of approx. ₹450 crore. * Mr. Ramneek Sehgal, Chairman & Managing Director, Ceigall India Ltd, said that this demonstrates Ceigall’s engineering strengths and commitment to delivering large-scale, future-ready infrastructure.
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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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See the model portfoliosA plain-language summary of a public exchange filing by Ceigall India Limited. Read the original for the full detail.