18-07-2025
Ceigall emerges L1 bidder for Velgaon Substation project worth Rs 58.5 crore
CEIGALL India has been declared the Lowest (L1) Bidder for a major transmission project — the establishment of a 400/220 kV Velgaon GIS Substation. The project was awarded through a tariff-based competitive bidding process by REC Power Development and Consultancy Limited.
The total annual tariff for the project is pegged at Rs 585 million. CEIGALL will handle both the development and long-term operation of the substation, with a completion timeline of 24 months and an Operation & Maintenance period extending over 35 years.
The company noted that the trading window for insiders remains closed from July 1, 2025, and will reopen 48 hours after the announcement of its Q1 FY26 results. Further details, including the formal Letter of Intent or Award, will be disclosed in a separate filing.
In the meantime, Ceigall India shares ended lower at ₹269.40 on Friday, slipping from the day's open of ₹273.50. The stock touched an intraday high of ₹274.00 and a low of ₹265.70. Despite the dip, it continues to trade above its 52-week low of ₹235.95, though well below its 52-week high of ₹424.80.
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Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
