Ceigall India has approved a further investment of ₹109.19 crore in its wholly owned subsidiary, Velgaon Power Transmission Ltd. The company also sanctioned the creation of security for a term loan facility to finance the 400/220 kV Velgaon Substation project. These decisions were taken by the Management Committee of the Board of Directors on July 09, 2026.

Key Corporate Developments

The following table summarizes the key details of the announcements made by Ceigall India:

Investment and Security Arrangements

The Management Committee of Ceigall India has sanctioned the infusion of ₹109.19 crore into the project special purpose vehicle (SPV) by way of equity shares, unsecured loan, or such other instruments as per fund requirements. Alongside this capital commitment, the company has also undertaken the necessary steps to create security for a Rupee Term Loan facility sanctioned to Velgaon Power Transmission Ltd. The acquisition will be in tranches as per the fund requirements of the project.

Project Background

Ceigall India was identified as the Selected Bidder via a Letter of Intent dated November 23, 2025, for the project "Establishment of 400/220 kV Velgaon Substation (GIS) through Tariff based Competitive Bidding (TBCB) Process." As a condition of the Request for Proposal (RFP), a Share Purchase Agreement was executed on January 09, 2026, between REC Power Development and Consultancy Limited and Ceigall India, making Velgaon Power Transmission Ltd a 100% subsidiary of the company. The SPV is yet to commence its operations.

Ceigall India has emerged as the L1 bidder for a road infrastructure project worth ₹704.70 crore in Arunachal Pradesh, awarded by the Ministry of Road Transport and Highways. The company secured the bid jointly with Sushee Infra & Mining Limited, with Ceigall India holding a 74% share and Sushee Infra & Mining Limited holding a 26% share in the joint venture. The project involves the construction of a road from km 85.60 to km 168.00 of the Lada-Sarli section of NH-913 (Frontier Highway) to Intermediate Lane on Engineering Procurement Construction (EPC) mode.

Project Overview

The following table summarizes the key details of the awarded project:

Significance of the Order Win

The order from the Ministry of Road Transport and Highways underscores Ceigall India's growing presence in road infrastructure development across India. Arunachal Pradesh, being a strategically important state in the northeastern region, has been a focus area for large-scale road connectivity projects under national infrastructure programs. Securing the L1 bidder position for a project of this scale reflects the company's competitive standing in the infrastructure sector.