Ceigall India Wins L1 Bid for Rs 608 Cr Power Project
By ThePip Desk
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 BSE.
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.
- 52-Week High: Rs. 405.00 (30-Jun-2026).
- 52-Week Low: 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.
- Promoters Holding: 82.06%.
- Institutions 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.