Ceigall India Approves 49% Equity Investment in New JV

Ceigall India Ltd's Board of Directors has approved a significant strategic move, greenlighting the acquisition of 100% equity in Jam Khambhaliya Jamnagar Power Transmission Limited (JKJTL) for ₹5,00,000. This acquisition is a prerequisite for undertaking the "Common Transmission System for evacuation of power" project awarded via Tariff Based Competitive Bidding. Following this, the company will invest by subscribing to 49% equity in a proposed Joint Venture Company, which will ultimately operate the project. The JV's holding company will be HCC Infrastructure Company Limited. This move aligns with the company's strategy to expand its presence in the power transmission and distribution sector.