Ceigall India Approves Acquisition of Power Project SPV

Ceigall India’s board has approved the acquisition of a project special purpose vehicle and an investment in a joint venture as the infrastructure company expands into the power transmission segment. The board approved the signing of agreements for acquiring the project SPV and taking a 49% stake in a proposed joint venture. The move marks an expansion beyond Ceigall India’s established road construction and highway EPC business and provides the company with an opportunity to participate in the growing power transmission infrastructure market. The company has been diversifying its infrastructure portfolio as government and private-sector spending on roads, power networks and related infrastructure continues to increase. The latest board approval adds a new business avenue to its existing order and project pipeline. The transaction and investment were approved at the company’s board meeting held on September 11, 2026.