Board approves 100% acquisition of power transmission SPV and 49% stake in HCC JV
CEIGALL · price
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Ceigall India board approved two items on 11 September 2026. First, signing a Share Purchase Agreement to acquire 100% of Jam Khambhaliya Jamnagar Power Transmission Limited from REC Power Development and Consultancy for Rs 5 lakh (50,000 shares at Rs 10). This SPV will execute a power transmission project for evacuating power from renewable energy projects under a TBCB process. Second, subscribing to 49% equity (4,900 shares of Rs 10, total Rs 49,000) in a proposed JV with HCC Infrastructure Company Limited for infrastructure development including roads, highways, bridges, and power projects.
Strengthens Ceigall's presence in power transmission and broader infrastructure via a marquee JV with the HCC group, alongside a new transmission order win.