Announced Thu, 9 Jul · 14:58 IST
Ceigall India to invest Rs 109.19 cr in wholly owned subsidiary Velgaon Power Transmission
CEIGALL · price
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₹368.10
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₹369.10
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AI summary
Ceigall India will invest Rs 109.19 crore into wholly owned subsidiary Velgaon Power Transmission, a project SPV for setting up a 400/220 kV Velgaon Substation through competitive bidding. Ceigall acquired 100% of the SPV in January 2026. Funds will be infused in tranches as equity or loans per project needs. The board also approved security for a Rupee Term Loan to the subsidiary. The SPV was incorporated in March 2025 and is not yet operational.
Likely market impact
The investment supports Ceigall's power transmission project but locks up Rs 109.19 crore of capital. No near-term revenue since the SPV has not started operations.