Ceigall India: Entry Into ₹5,300 Cr Transmission Project

Ceigall India (

) is in focus after its board approved the acquisition of 100% of Jam Khambhaliya Jamnagar Power Transmission Limited (JKJTL) from REC Power Development and Consultancy Limited. Key Points • Acquisition consideration: ₹5 lakh • Target: JKJTL, the project SPV • Underlying transmission project estimated at approximately ₹5,300 crore • Project will evacuate renewable power from Lakadia, Jam Khambhaliya and Jamnagar zones • Ceigall will also subscribe to 49% equity in a proposed infrastructure JV • Transmission project has a 35-year operational period • Annual transmission charge disclosed at ₹608.67 crore Technical View The development marks a significant diversification for Ceigall from its traditional road-infrastructure focus toward power transmission and long-duration infrastructure assets. Alpha Insight The ₹5 lakh acquisition price should not be confused with the value of the underlying transmission project. The bigger strategic development is Ceigall's entry into a ₹5,300 crore transmission asset with long-term revenue visibility. For educational and informational purposes only. Not investment advice. UMANG RAJESH BHUTADA SEBI Registered Research Analyst Registration No. INH000023001 SEBI registration does not guarantee returns or profits.