Ceigall India Wins L1 Bid for Rs 608 Cr Power Project
Ceigall India secures L1 bid for inter-state power transmission project.
Key Highlights
Ceigall India’s shares rise after securing the L1 bid for a major inter-state transmission project worth Rs 608.67 crore annually, with a 35-year operational period.
Ceigall India shares advanced 1.26% today after the company emerged as the L1 bidder for a significant Common Transmission System project. The stock traded at Rs. 341.60, up 4.25 points from its previous close on the .
Key Project Details
The infrastructure firm secured the L1 bidder status for the evacuation of power from Lakadia (Phase-II: 7.5GW), Jam Khambhaliya (Phase-II: 5.5GW), and Jamnagar (Phase-I: 1GW) – Part-B. This inter-state project spans Gujarat and Maharashtra.
- Awarding Entity: REC Power Development and Consultancy (RECPDCL) through Tariff-Based Global Competitive Bidding via E-Reverse Auction.
- Work Execution Period: 36 months.
- Operational Period: 35 years from the scheduled commissioning date.
- Annual Transmission Charges: Rs 608.67 crore for the 35-year operating period.
Market Performance Snapshot
The scrip opened at Rs. 339.45, touching an intraday high of Rs. 341.60 and a low of Rs. 331.00. A total of 27014 shares were traded on the counter.
- Previous Closing: Rs. 337.35.
- : Rs. 405.00 (30-Jun-2026).
- : Rs. 223.00 (09-Dec-2025).
- Last One Week High: Rs. 345.75.
- Last One Week Low: Rs. 312.60.
- Current Market Capitalisation: Rs. 5848.06 crore.
Shareholding Structure
As per the latest data, promoters hold a substantial stake in the company. Institutional and non-institutional investors also maintain significant positions.
- Holding: 82.06%.
- Holding: 7.53%.
- Non-Institutions Holding: 10.41%.
Ceigall India specialises in infrastructure construction, with expertise in elevated roads, flyovers, bridges, and railway over bridges (ROB). The company’s portfolio also includes tunnels, highways, expressways, and runways.