Acquisitions9 Jan 2026, 06:07 pm
Ceigall India Ltd Acquires 100% Shares of Velgaon Power Transmission Limited
AI Summary
Ceigall India Ltd has entered into a Share Purchase Agreement with REC Power Development and Consultancy Limited to acquire 100% equity shares of Velgaon Power Transmission Limited. The acquisition was made to undertake the Project 'Establishment of 400/220 kV Velgaon Substation' through the Tariff based Competitive Bidding (TBCB) Process. Velgaon Power Transmission Limited has become a wholly owned subsidiary of Ceigall India Limited post-acquisition.
Key Highlights
- Ceigall India Ltd acquires 100% shares of Velgaon Power Transmission Limited
- Acquisition made to undertake the 'Establishment of 400/220 kV Velgaon Substation' project
- Velgaon Power Transmission Limited becomes a wholly owned subsidiary of Ceigall India Limited