Ceigall India Ltd receives LoI from REC Power Development and Consultancy Ltd

Ceigall India Limited has received Letter of Intent Ref. No: RECPDCL/TBCB/Velgaon/2025-26/2898 dated 23rd November 2025 from REC Power Development and Consultancy Limited for "Establishment of 400/220 kV Velgaon Substation (GIS) through Tariff based Competitive Bidding (TBCB) Process.

The order value is Rs. 585.00 Million Annually for 35 Years (Annual Transmission Charges)

Shares of Ceigall India Limited was last trading in BSE at Rs. 239.95 as compared to the previous close of Rs. 242.20. The total number of shares traded during the day was 8025 in over 602 trades.

The stock hit an intraday high of Rs. 243.90 and intraday low of 239.00. The net turnover during the day was Rs. 1928288.00.

Source : Equity Bulls

Keywords

INE0AG901020 CeigallIndia CivilConstruction LoI RECPowerDevelopmentandConsultancy