Ceigall India Shares Climb After Winning Rs 5,300 Crore Power Transmission Contract

Infrastructure developer Ceigall India saw its stock rise nearly 4% after receiving a letter of intent for a major high-voltage substation and transmission line project in Gujarat.

4 Sept, 04:48 — 4 Sept, 04:48

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economic-times9h ago

Ceigall India shares gain 4% after securing LoI for Rs 5,300 crore power transmission project

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.

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Ceigall India Shares Climb After Winning Rs 5,300 Crore Power Transmission Contract

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Ceigall India shares gain 4% after securing LoI for Rs 5,300 crore power transmission project

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