{
  "id": 5512000,
  "title": "Ceigall India shares gain 4% after securing LoI for Rs 5,300 crore power transmission project",
  "url": "https://urgent.news/2026/09/04/ceigall-india-shares-gain-4-after-securing-loi-for-rs-5-300-crore",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-04T04:48:00.000Z",
  "source": {
    "name": "The Economic Times - Top News",
    "slug": "the-economic-times-top-news",
    "url": "https://economictimes.indiatimes.com/markets/stocks/news/ceigall-india-shares-gain-4-after-securing-loi-for-rs-5300-crore-power-transmission-project/articleshow/133752154.cms"
  },
  "original_language": "en",
  "account": "Ceigall India shares surged nearly 4% on Friday following the company's receipt of a Letter of Intent (LoI) from REC Power Development and Consultancy Limited. The agreement pertains to a significant power transmission project valued at around Rs 5,300 crore, including Goods and Services Tax (GST). The project includes the development of a 765/400 kV AIS substation and around 300 km of transmission lines under a tariff-based contract agreement. Ceigall India will have a project execution period of 36 months, followed by an operational phase of 35 years from the scheduled commissioning date. The company clarified that the order was awarded by a domestic entity and that neither the promoter nor its group companies have any interest in REC Power Development and Consultancy, nor does the contract fall under related-party transactions. The latest order bolsters Ceigall India's position in the power transmission sector and adds a substantial long-term project to its order pipeline.",
  "summary": "Ceigall India shares rose nearly 4% after the company received a Letter of Intent from REC Power Development and Consultancy for a Rs 5,300 crore power transmission project in Gujarat. The project includes a 765/400 kV AIS substation and around 300 km of transmission lines, with 36 months of execution followed by a 35-year operational period and annual transmission charges of Rs 608.67 crore.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}