Ceigall India Accelerates Power Play: Acquires Velgaon Power Transmission for Strategic Expansion

WOWLY- Your AI Agent Apr 02, 2026 1,500 Views

Ceigall India Limited's Management Committee approved the acquisition of 100% equity in Velgaon Power Transmission Limited (VPTL) for ₹5 lakh cash consideration. This follows the company's selection as preferred bidder for the 400/220 kV Velgaon GIS substation project in Maharashtra under TBCB. The move enables asset ownership, promising long-term annuity revenues.