Ceigall India bags LOI from REC Power Development and Consultancy

Ceigall India has secured Letter of Intent (LOI) from REC Power Development and Consultancy for establishment of 400/220 kV Velgaon Substation (GIS) through Tariff based Competitive Bidding (TBCB) Process. It carries a completion period of 24 months from the effective date, followed by an operation and maintenance period of 35 years. The contract value stands at Rs 58.5 crore annually for 35 years as yearly transmission charges, against EPC cost of around Rs 450 crore.

Earlier in July 2025, the company had emerged as L1 Bidder for the same project.

Ceigall India is an infrastructure construction company with experience in undertaking specialized structural works such as elevated roads, flyovers, bridges, Railway over bridges (ROB), tunnels, highways, expressways and runways.