Ceigall India Share Price in Focus; Receives ₹5,300 Crore Transmission Project LoI From RECPDCL

Ceigall India Limited has received a Letter of Intent (LoI) from REC Power Development and Consultancy Limited (RECPDCL) for a transmission project with an estimated cost of ₹5,300 crore, including GST.  

The company received the LoI through email on September 3, 2026, according to its regulatory filing.  

Project Covers Three Power Evacuation Zones 

The LoI is for the “Common Transmission System for evacuation of power from Lakadia (Phase-II: 7.5GW), Jam Khambhaliya (Phase-II: 5.5GW) and Jamnagar (Phase-I: 1GW) – Part-B”. The project has been awarded under a Tariff Based Contract Agreement.  

765/400 kV Substation and 300 km Line 

The scope includes a 765/400 kV AIS substation and a 300 km transmission line. The contract is classified as a domestic order, with REC Power Development and Consultancy Limited named as the awarding entity.  

36-Month Execution Period 

Ceigall India is required to complete the work over 36 months. The project also carries an operational period of 35 years. The company’s filing sets out the execution and operational periods as part of the terms of the LoI.  

₹608.67 Crore Annual Transmission Charges 

The annual transmission charges under the project are ₹608.67 crore for 35 years. The total project cost is approximately ₹5,300 crore, inclusive of GST.  

The filing does not disclose any interest of Ceigall India’s promoter, promoter group or group companies in RECPDCL.  

Ceigall India has also stated that the contract does not fall under related party. 

Read More: Meesho Share Price in Focus; SoftBank Likely Sells 1.7% Stake in ₹1,650 Crore Block Deal! 

Ceigall India Share Price Performance  

As of September 3, 2026, 3:30 pm, Ceigall India share price closed at ₹346.00, a 1.59% increase from the previous closing price. 

Conclusion 

Ceigall India’s LoI from RECPDCL covers a ₹5,300 crore transmission project linked to power evacuation from three locations. The contract has a 35-year operational period. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.   
 
Investments in the securities market are subject to market risks, read all the related documents carefully before investing. 

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