1 week ago
Ceigall India Emerges Lowest Bidder for Rs 608 Crore Project
Ceigall India has been selected as the lowest bidder for a large electricity-transmission project.
The project is in Gujarat and is worth Rs 608.67 crore in annual transmission charges.
The company will help build systems that move electricity from several power-generation areas.
The work includes a large substation and about 300 kilometres of transmission lines.
Construction is expected to take 36 months.
The transmission agreement will operate for 35 years after the project is commissioned.
Ceigall said the project has no related-party transactions.
In the same period, the company reported a quarterly profit of Rs 61 crore and its share price rose 4% in one trading session.
Ceigall India emerged as the lowest financial bidder for a Rs 608.67 crore inter-state transmission project in Gujarat.
REC Power Development and Consultancy awarded the project under a tariff-based agreement and E-Reverse Auction.
The work includes a 765/400 kV air-insulated substation and about 300 km of transmission lines.
The project will evacuate power from transmission systems linked to Lakadia, Jam Khambhaliya and Jamnagar.
Ceigall reported Q1 FY27 consolidated net profit of Rs 61 crore, while its shares closed 4% higher at Rs 337.85.
- Who
- Ceigall India, with the project awarded by REC Power Development and Consultancy.
- What
- A Rs 608.67 crore annual-charge inter-state transmission project involving a 765/400 kV substation and approximately 300 km of transmission lines.
- Where
- The project is in Gujarat and involves power evacuation linked to Gujarat and Maharashtra.
- When
- The work execution period is 36 months, with operations scheduled for 35 years from commissioning. Ceigall’s Q1 FY27 results and share-price movement were also reported.
- Why
- To establish common transmission systems for evacuating power from Lakadia, Jam Khambhaliya and Jamnagar.
Key facts
- Project value
- Rs 608.67 crore in annual transmission charges
- Project term
- 35 years from the commissioning date
- Execution period
- 36 months
- Infrastructure scope
- A 765/400 kV air-insulated substation and approximately 300 km of transmission lines
- Power evacuation areas
- Lakadia Phase-II, Jam Khambhaliya Phase-II and Jamnagar Phase-I
- Q1 FY27 net profit
- Rs 61 crore, up 15% year-on-year from Rs 53 crore
- Share price
- Rs 337.85 at Wednesday’s close, up 4% from the previous close
Sources
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