NSEPress Release2d ago · 3 Sept 2026, 04:05 pm
Press Release
Ceigall India Limited · CEIGALL
✦ AI Summary▲ PositiveOrder Win
Ceigall India Limited has received a Letter of Intent (LoI) from REC Power Development and Consultancy Limited (RECPDCL) for a major common transmission system project in Gujarat, valued at approximately ₹5,300 crore.
Analysis Scores
Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk3/10
Liquidity Impact9/10
Market Sentiment9/10
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
Ceigall India Limited has informed the Exchange regarding a press release dated September 03, 2026, titled "Ceigall India Receives LOI of ₹5,300 Crore for Transmission Project for Power Evacuation in Gujarat".
Attachments (1)
📄pdf
Download →
ceigall_03092026160502_Press_Release.pdf
View document text
Date: 03.09.2026
To, To,
The General Manager, Manager-Listing Compliance,
Department of Corporate National Stock Exchange of India
Services, BSE Limited Limited, Exchange Plaza, C-1,
Phiroze Jeejeebhoy Towers Block G, Bandra Kurla Complex,
Dalal Street, Mumbai- Bandra East, Mumbai – 400 051
400 001 Symbol: CEIGALL
Scrip Code:544223 ISIN: INE0AG901020
ISIN: INE0AG901020
Subject: Press Release
Dear Sir / Madam,
In continuation of our letter dated 03rd September 2026 and pursuant to Regulation 30 of the
SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed
the press release titled “Ceigall India Receives LOI of ₹5,300 Crore for Transmission Project
for Power Evacuation in Gujarat”.
The above intimation is also available on the Company’s website: www.ceigall.com .
You are requested to take the above information on your record.
Thanking you,
For Ceigall India Limited
Megha Kainth
Company Secretary & Compliance officer
Membership No.: F7639
“Ceigall India Receives LOI of ₹5,300 Crore for Transmission Project for Power
Evacuation in Gujarat”
• LoI awarded by REC Power Development and Consultancy Limited (RECPDCL) for a major
common transmission system project
• Project involves development of a 765/400 kV AIS substation and approximately 300 km
of transmission lines
• The project carries a 36-month execution period and 35-year operational period
New Delhi, 03 September 2026: Ceigall India Limited (CIL), one of India’s leading infrastructure
development companies, today announced that it has received a Letter of Intent (LoI) from REC
Power Development and Consultancy Limited (RECPDCL) for the development of a major
common transmission system in Gujarat.
The LoI has been awarded for the “Common Transmission System for evacuation of power
from Lakadia (Phase-II: 7.5 GW), Jam Khambhaliya (Phase-II: 5.5 GW) and Jamnagar
(Phase-I: 1 GW) – Part-B” project. The project entails the development of a 765/400 kV Air
Insulated Substation (AIS) along with approximately 300 km of transmission lines.
The project is valued at approximately ₹5,300 crore (inclusive of GST). The Company will
receive annual transmission charges of ₹608.67 crore each year over the 35-year
operational period. Execution is expected to take 36 months, followed by this 35-year
operational period.
The project forms part of the transmission infrastructure being developed to facilitate the
evacuation of power from key renewable energy zones in Gujarat, including Lakadia, Jam
Khambhaliya and Jamnagar.
“This project marks an important milestone in Ceigall India’s journey towards strengthening its
presence in the transmission infrastructure segment. The project will contribute to the development
of critical power transmission infrastructure in Gujarat and support the efficient evacuation of
power from key generation regions. With our strong execution capabilities and focus on large-scale
infrastructure development, we remain committed to contributing to India’s evolving energy and
infrastructure landscape while creating long-term value for all our stakeholders,” said Mr.
Ramneek Sehgal, Managing Director, Ceigall India Limited.
With the award of this LoI, Ceigall India further strengthens its presence in the infrastructure and
transmission segment, building on its capabilities in executing large-scale infrastructure projects.
The project will contribute towards strengthening transmission infrastructure and supporting
the efficient evacuation of power from major generation hubs.
Ceigall India remains focused on expanding its infrastructure portfolio and leveraging its
execution capabilities to participate in projects that support the development of India's critical
infrastructure network.
About Ceigall India Limited - (BSE: 544223 | NSE: CEIGALL)
Ceigall India Limited is an infrastructure engineering, procurement, and construction (EPC)
company engaged in the development of highways, expressways, bridges, flyovers, railway
overbridges, tunnels, and runways. The Company executes projects under EPC and Hybrid
Annuity Model (HAM) formats and has a strong track record of timely execution across multiple
states in India. Building on its proven execution capabilities, the Company is also expanding its
presence in the renewable energy sector through utility-scale solar and Battery Energy Storage
System (BESS) projects, further diversifying its infrastructure portfolio. With a growing order
book and diversified project portfolio, Ceigall India continues to play a key role in India’s
infrastructure development journey.
*************