Ceigall India Limited has informed the Exchange regarding a press release dated November 25, 2025, titled "Ceigall expands power infrastructure portfolio, secures LOI from REC Power Development for Velgaon substation".
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Awaiting price reaction for this filing.
Ceigall India has informed the stock exchanges about a press release dated November 25, 2025, announcing that it has received a Letter of Intent (LOI) from REC Power Development for the Velgaon substation project. This move is part of the company's efforts to expand its power infrastructure portfolio beyond its core business. An LOI is a preliminary award that signals the company's intent to award the contract, typically followed by a formal agreement. The exact order value and timelines have not been disclosed in the filing headline.
Positive sentiment for shareholders as it reflects continued order inflow and diversification into the power T&D (transmission & distribution) space. However, the impact is limited until the formal contract value and execution timelines are confirmed.