Ceigall India Gains on ₹5,300 Crore REC Power Development Project
Key Takeaways
- •Ceigall India shares gained after receiving a letter of intent for a ₹5,300-crore transmission project from REC Power Development and Consultancy.
- •REC Power Development and Consultancy is a wholly owned subsidiary of state-run REC Ltd and implements transmission and distribution schemes, including central sector programs.
- •The project includes a 765/400 kV substation and a 300-km transmission line.
- •The transmission infrastructure supports India's inter-regional grid expansion to carry renewable energy from generation hubs to load centres.
- •The award adds to Ceigall India's order pipeline beyond its core road and highway EPC business, diversifying its order book into power infrastructure.
Ceigall India shares gained after the company received a letter of intent from REC Power Development and Consultancy for a ₹5,300-crore transmission project.
REC Power Development and Consultancy is a wholly owned subsidiary of state-run REC Ltd, which implements transmission and distribution schemes, including those under central sector programs. High-capacity 765/400 kV substations form part of India's ongoing expansion of its inter-regional power grid to carry renewable energy from generation hubs to load centres.
The project includes a 765/400 kV substation and a 300-km transmission line, adding to Ceigall India's order pipeline beyond its core road construction business.
The development comes as the company continues to expand its presence in infrastructure projects outside highways and roads. For a company whose historical base has been in road and highway EPC work, a transmission award of this scale would meaningfully diversify its order book across power infrastructure segments.
