Ceigall India Wins ₹5,300 Crore Project, Gujarat Power Network Gets Major Boost

Mumbai: Ceigall India has secured a letter of intent for a ₹5,300 crore transmission project in Gujarat, enhancing the infrastructure firm's reach beyond its core roads portfolio. The contract entails constructing a common transmission system to transport electricity from three significant generation zones in Gujarat – Lakadia, Jam Khambhaliya, and Jamnagar. The project includes the development of a 765/400 kV air-insulated substation and around 300 kilometers of transmission lines.

Under the agreement, Ceigall India will generate annual transmission charges of ₹608.67 crore for 35 years after the project's commissioning, offering a substantial long-term revenue stream. The company's Managing Director, Ramneek Sehgal, views this award as a crucial step in expanding the firm's presence in the transmission infrastructure sector, enabling efficient electricity evacuation from key generation regions and delivering long-term value to stakeholders.

This transmission project bolsters Ceigall India's diverse infrastructure portfolio, which includes highways, expressways, bridges, flyovers, railway overbridges, tunnels, and runways. The firm has also been venturing into renewable energy projects, such as utility-scale solar and battery energy storage systems. The latest transmission award aligns with Ceigall India's diversification strategy and positions the company for more extensive involvement in India's evolving power and energy infrastructure market.

The listed company is traded on the BSE under the scrip code 544223 and on the NSE using the symbol CEIGALL, with its ISIN being INE0AG901020, as per the filing.