Ceigall India acquires 100% stake in Jam Khambhaliya Jamnagar Power Transmission
CEIGALL · price
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Ceigall India has signed a Share Purchase Agreement to buy 100% of Jam Khambhaliya Jamnagar Power Transmission (JKJTL) from REC Power Development and Consultancy for about Rs 18.40 crore in cash. JKJTL becomes a wholly owned subsidiary. The acquisition is required to execute a TBCB power transmission project for evacuating power from Lakadia, Jam Khambhaliya, and Jamnagar, where Ceigall recently won a Letter of Intent. The target was incorporated in May 2026 and has no turnover yet.
Strengthens the power T&D portfolio by adding a TBCB transmission project. Cash deal of about Rs 18.40 crore is modest in size.