Ceigall India Limited has informed the Exchange about Intimation regarding L1 Bidder for Establishment of 400/220 kV Velgaon Substation (GIS).

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CEIGALL · price

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Price reactionminutes from the announcement price · days from the prior close

+0.7%Reaction day

₹269.40

prior close

₹270.00

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.2%+0.9% vs market

Civil Construction peers, median of 84sector+0.2%+0.5% vs sector

On the reaction day the stock moved 0.9 pts more than Nifty Microcap 250 and 0.5 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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15m

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Sessions after the filingfrom the prior close

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Reaction day

+0.7-0.2+0.9+0.2+0.5

Next day

+0.4-0.2+0.6-0.6+1.0

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15d

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UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 84Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Ceigall India has emerged as the L1 (lowest) bidder for the establishment of a 400/220 kV Velgaon Substation (GIS) under a tariff-based competitive bidding process. The project was invited by REC Power Development and Consultancy Limited, a government-owned entity. The quoted annual tariff is Rs. 585 million (~Rs. 58.5 crores), with a completion period of 24 months and an Operation & Maintenance period of 35 years. The company is awaiting the formal Letter of Intent or Award, and further details will be shared once received.

Likely market impact

Positive for the company as it adds a new power transmission project to its order book, with a long 35-year O&M window providing steady recurring revenue. The order is not yet finalised as it still requires the formal award, so the actual revenue recognition depends on the LOI being issued.